Mitsubishi UFJ Trust & Banking Corp Has $182,000 Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 88.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,712 shares of the industrial products company's stock after selling 52,920 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Graphic Packaging were worth $182,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Hennessy Advisors Inc. acquired a new stake in shares of Graphic Packaging in the fourth quarter valued at $51,642,000. Allspring Global Investments Holdings LLC increased its position in 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 valued at $441,990,000 after acquiring an additional 1,702,764 shares in the last quarter. Boston Trust Walden Corp acquired a new stake in Graphic Packaging in the 4th quarter valued at about $34,131,000. American Century Companies Inc. lifted its position in shares of 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 worth $449,652,000 after purchasing an additional 1,206,295 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Graphic Packaging during the fourth quarter valued at approximately $25,669,000. Institutional investors own 99.67% of the company's stock.

Graphic Packaging Trading Down 3.0 %

NYSE:GPK traded down $0.76 during mid-day trading on Monday, hitting $24.38. The company had a trading volume of 4,528,722 shares, compared to its average volume of 2,421,594. 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 Holding has a fifty-two week low of $23.82 and a fifty-two week high of $30.70. The firm has a market cap of $7.36 billion, a P/E ratio of 11.29, a P/E/G ratio of 2.10 and a beta of 0.80. The business's fifty day moving average is $26.50 and its two-hundred day moving average is $27.86.

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

Graphic Packaging Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, April 5th. Investors of record on Saturday, March 15th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.80%. This is a boost from Graphic Packaging's previous quarterly dividend of $0.10. Graphic Packaging's dividend payout ratio is currently 20.37%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Robert W. Baird reduced 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. Truist Financial cut their price target on Graphic Packaging from $31.00 to $30.00 and set a "hold" rating on the stock in a research note on Monday, March 24th. Citigroup reiterated a "neutral" rating and issued a $30.00 price objective (down from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Finally, Wells Fargo & Company upgraded shares of Graphic Packaging from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $24.00 to $27.00 in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently 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.