MetLife Investment Management LLC Grows Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

MetLife Investment Management LLC grew its stake in Graphic Packaging Holding (NYSE:GPK - Free Report) by 9.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,136 shares of the industrial products company's stock after acquiring an additional 14,078 shares during the period. MetLife Investment Management LLC owned 0.06% of Graphic Packaging worth $4,594,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Picton Mahoney Asset Management raised its position in Graphic Packaging by 55.4% during the 4th quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 394 shares in the last quarter. Crews Bank & Trust bought a new stake in shares of Graphic Packaging in the fourth quarter valued at about $32,000. Avior Wealth Management LLC lifted its stake in Graphic Packaging by 2,484.0% in the fourth quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company's stock worth $35,000 after acquiring an additional 1,242 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in Graphic Packaging by 92.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company's stock worth $39,000 after acquiring an additional 689 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Graphic Packaging by 58.2% during the 4th quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 549 shares during the period. Institutional investors own 99.67% of the company's stock.

Graphic Packaging Trading Up 0.6 %

Graphic Packaging stock opened at $25.33 on Friday. Graphic Packaging Holding has a one year low of $23.03 and a one 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. The stock has a market cap of $7.64 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 2.10 and a beta of 0.80. The stock has a 50-day moving average of $25.80 and a two-hundred day moving average of $27.42.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its earnings results 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). Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same period in the previous year, the company earned $0.75 earnings per share. Graphic Packaging's revenue 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 firm also recently disclosed a quarterly dividend, which was paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th were issued a $0.11 dividend. This is an increase from Graphic Packaging's previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, March 14th. Graphic Packaging's dividend payout ratio is 20.37%.

Analyst Ratings Changes

A number of research firms have recently issued reports on GPK. Robert W. Baird dropped 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 note on Wednesday, February 5th. Citigroup restated a "neutral" rating and set a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Wells Fargo & Company upgraded Graphic Packaging from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $24.00 to $27.00 in a report on Monday, January 6th. Truist Financial decreased their price objective on Graphic Packaging from $30.00 to $28.00 and set a "hold" rating for the company in a research note on Tuesday. Finally, Raymond James cut their target price on Graphic Packaging from $32.00 to $30.00 and set an "outperform" rating on the stock in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $30.89.

About Graphic Packaging

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.

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