Eagle Asset Management Inc. Has $5.09 Million Stake in Graphic Packaging Holding (NYSE:GPK)

Eagle Asset Management Inc. decreased its stake in Graphic Packaging Holding (NYSE:GPK - Free Report) by 58.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 172,550 shares of the industrial products company's stock after selling 240,639 shares during the quarter. Eagle Asset Management Inc. owned 0.06% of Graphic Packaging worth $5,087,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in shares of Graphic Packaging by 24.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company's stock worth $437,945,000 after buying an additional 2,927,344 shares during the period. American Century Companies Inc. increased its holdings in shares of Graphic Packaging by 41.9% in the 2nd quarter. American Century Companies Inc. now owns 12,115,566 shares of the industrial products company's stock valued at $317,549,000 after purchasing an additional 3,576,877 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Graphic Packaging by 7.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,600,600 shares of the industrial products company's stock worth $251,632,000 after purchasing an additional 706,486 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Graphic Packaging by 6.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,054,530 shares of the industrial products company's stock worth $158,693,000 after purchasing an additional 362,509 shares during the period. Finally, Premier Fund Managers Ltd grew its position in Graphic Packaging by 9.6% during the third quarter. Premier Fund Managers Ltd now owns 3,441,614 shares of the industrial products company's stock valued at $101,545,000 after purchasing an additional 302,680 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on GPK. Royal Bank of Canada reduced their price objective on Graphic Packaging from $35.00 to $34.00 and set an "outperform" rating for the company in a research report on Thursday, October 17th. Wells Fargo & Company lifted their price target on shares of Graphic Packaging from $21.00 to $24.00 and gave the company an "underweight" rating in a research report on Wednesday, July 31st. StockNews.com lowered Graphic Packaging from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Truist Financial downgraded shares of Graphic Packaging from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $32.00 to $30.00 in a research note on Wednesday, October 30th. Finally, Robert W. Baird raised their target price on Graphic Packaging from $30.00 to $36.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $31.53.

Graphic Packaging Price Performance

GPK traded up $0.32 during midday trading on Monday, hitting $29.60. The company had a trading volume of 2,503,882 shares, compared to its average volume of 2,548,260. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.72 and a current ratio of 1.73. The firm's 50-day simple moving average is $29.15 and its 200-day simple moving average is $28.37. Graphic Packaging Holding has a twelve month low of $22.12 and a twelve month high of $30.70. The company has a market capitalization of $8.88 billion, a PE ratio of 12.65, a P/E/G ratio of 11.38 and a beta of 0.83.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.04). The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.27 billion. Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The company's revenue was down 5.7% compared to the same quarter last year. During the same period last year, the company earned $0.74 EPS. Equities research analysts predict that Graphic Packaging Holding will post 2.52 EPS for the current fiscal year.

Graphic Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 5th. Investors of record on Sunday, December 15th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.35%. Graphic Packaging's dividend payout ratio (DPR) is presently 17.09%.

Insider Buying and Selling at Graphic Packaging

In related news, EVP Michael James Farrell sold 25,900 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total value of $750,841.00. Following the completion of the sale, the executive vice president now owns 81,026 shares in the company, valued at $2,348,943.74. This represents a 24.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.20% of the company's stock.

Graphic Packaging Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.