Graphic Packaging Holding (NYSE:GPK) Stock Holdings Trimmed by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its stake in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 34.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,221 shares of the industrial products company's stock after selling 42,650 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Graphic Packaging were worth $2,179,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. FMR LLC increased its position in Graphic Packaging by 12.6% during the third quarter. FMR LLC now owns 20,460,161 shares of the industrial products company's stock worth $605,416,000 after purchasing an additional 2,294,688 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Graphic Packaging during the 4th quarter worth $51,642,000. Allspring Global Investments Holdings LLC raised its position in shares of Graphic Packaging by 11.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company's stock worth $441,990,000 after buying an additional 1,702,764 shares during the period. Boston Trust Walden Corp acquired a new position in Graphic Packaging in the fourth quarter valued at $34,131,000. Finally, American Century Companies Inc. grew its position in Graphic Packaging by 7.9% during the fourth quarter. American Century Companies Inc. now owns 16,555,660 shares of the industrial products company's stock valued at $449,652,000 after acquiring an additional 1,206,295 shares during the period. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GPK. Robert W. Baird cut their price objective on Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Citigroup reaffirmed a "neutral" rating and set a $30.00 price target (down from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Wells Fargo & Company upgraded shares of Graphic Packaging from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $24.00 to $27.00 in a research note on Monday, January 6th. Finally, Truist Financial cut their target price on shares of Graphic Packaging from $31.00 to $30.00 and set a "hold" rating on the stock in a research note on Monday, March 24th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $31.37.

Graphic Packaging Stock Down 0.9 %

GPK stock traded down $0.23 during trading on Monday, reaching $25.90. The stock had a trading volume of 943,927 shares, compared to its average volume of 2,386,788. The firm has a fifty day moving average price of $26.76 and a 200 day moving average price of $28.04. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $7.77 billion, a P/E ratio of 11.99, a PEG ratio of 2.10 and a beta of 0.81. Graphic Packaging Holding has a 1-year low of $24.50 and a 1-year high of $30.70.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.04). Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The business had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.15 billion. During the same period in the prior year, the company posted $0.75 EPS. The company's revenue for the quarter was down 6.8% on a year-over-year basis. On average, equities analysts anticipate that Graphic Packaging Holding will post 2.47 earnings per share for the current year.

Graphic Packaging Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, April 5th. Investors of record on Saturday, March 15th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Friday, March 14th. This is a positive change from Graphic Packaging's previous quarterly dividend of $0.10. Graphic Packaging's payout ratio is 20.37%.

Graphic Packaging Company 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.