LSV Asset Management Sells 728,800 Shares of Graphic Packaging Holding (NYSE:GPK)

LSV Asset Management decreased its position in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 16.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,644,351 shares of the industrial products company's stock after selling 728,800 shares during the period. LSV Asset Management owned approximately 1.21% of Graphic Packaging worth $98,981,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Picton Mahoney Asset Management increased its stake in Graphic Packaging by 55.4% in the 4th quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company's stock worth $30,000 after acquiring an additional 394 shares during the last quarter. 1620 Investment Advisors Inc. increased its position in Graphic Packaging by 3.8% in the fourth quarter. 1620 Investment Advisors Inc. now owns 11,163 shares of the industrial products company's stock worth $303,000 after purchasing an additional 413 shares during the last quarter. CIBC Asset Management Inc raised its stake in Graphic Packaging by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 9,231 shares of the industrial products company's stock valued at $251,000 after purchasing an additional 477 shares in the last quarter. Sanctuary Advisors LLC lifted its position in Graphic Packaging by 2.0% during the fourth quarter. Sanctuary Advisors LLC now owns 24,606 shares of the industrial products company's stock valued at $692,000 after purchasing an additional 486 shares during the last quarter. Finally, Keynote Financial Services LLC grew its stake in shares of Graphic Packaging by 6.9% in the 4th quarter. Keynote Financial Services LLC now owns 7,607 shares of the industrial products company's stock worth $207,000 after buying an additional 492 shares in the last quarter. 99.67% of the stock is owned by institutional investors.

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Graphic Packaging Trading Down 0.7 %

Graphic Packaging stock traded down $0.17 during trading hours on Tuesday, hitting $24.86. The company had a trading volume of 1,444,292 shares, compared to its average volume of 2,426,009. The firm has a market cap of $7.50 billion, a P/E ratio of 11.51, a P/E/G ratio of 2.10 and a beta of 0.80. The company has a 50-day moving average price of $26.08 and a two-hundred day moving average price of $27.63. Graphic Packaging Holding has a 1 year low of $23.03 and a 1 year high of $30.70. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46.

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

Graphic Packaging Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.77%. This is a boost from Graphic Packaging's previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, March 14th. Graphic Packaging's dividend payout ratio is presently 20.37%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wells Fargo & Company raised 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. Citigroup reissued a "neutral" rating and issued a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Truist Financial lowered their target price on shares of Graphic Packaging from $31.00 to $30.00 and set a "hold" rating for the company in a report on Monday, March 24th. Finally, Robert W. Baird reduced their price objective 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $31.37.

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.