Kennedy Capital Management LLC Sells 18,042 Shares of Graphic Packaging Holding (NYSE:GPK)

Kennedy Capital Management LLC reduced its position in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 205,531 shares of the industrial products company's stock after selling 18,042 shares during the period. Kennedy Capital Management LLC owned about 0.07% of Graphic Packaging worth $5,582,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Treasurer of the State of North Carolina increased its holdings in shares of Graphic Packaging by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 130,582 shares of the industrial products company's stock valued at $3,547,000 after purchasing an additional 820 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Graphic Packaging in the 4th quarter valued at approximately $25,669,000. Advisory Services Network LLC boosted its position in Graphic Packaging by 42.0% during the 4th quarter. Advisory Services Network LLC now owns 15,011 shares of the industrial products company's stock worth $408,000 after acquiring an additional 4,439 shares during the period. Invesco Ltd. grew its holdings in shares of Graphic Packaging by 6.3% during the 4th quarter. Invesco Ltd. now owns 1,664,131 shares of the industrial products company's stock valued at $45,198,000 after acquiring an additional 98,367 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in shares of Graphic Packaging by 7.1% in the 4th quarter. Cerity Partners LLC now owns 23,482 shares of the industrial products company's stock valued at $657,000 after buying an additional 1,547 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

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Graphic Packaging Trading Down 0.7 %

Shares of GPK stock traded down $0.17 during mid-day trading on Tuesday, reaching $24.86. 1,519,293 shares of the stock traded hands, compared to its average volume of 2,429,507. The stock's fifty day simple moving average is $26.04 and its two-hundred day simple moving average is $27.61. Graphic Packaging Holding has a 1-year low of $23.03 and a 1-year high of $30.70. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 2.10 and a beta of 0.80.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $0.59 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the previous year, the company earned $0.75 EPS. The firm's revenue for the quarter was down 6.8% on a year-over-year basis. On average, research analysts anticipate that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

Graphic Packaging Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th were paid a $0.11 dividend. This is a positive change from Graphic Packaging's previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.44 annualized dividend and a yield of 1.77%. Graphic Packaging's dividend payout ratio (DPR) is 20.37%.

Analyst Ratings Changes

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

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.