Dana Investment Advisors Inc. Decreases Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Dana Investment Advisors Inc. cut its holdings in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 3.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 515,583 shares of the industrial products company's stock after selling 19,730 shares during the quarter. Dana Investment Advisors Inc. owned approximately 0.17% of Graphic Packaging worth $13,513,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GPK. Focus Financial Network Inc. ADV purchased a new position in shares of Graphic Packaging in the fourth quarter worth $202,000. Treasurer of the State of North Carolina lifted its holdings in shares of Graphic Packaging by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 139,366 shares of the industrial products company's stock worth $3,435,000 after buying an additional 1,334 shares in the last quarter. TFO Wealth Partners LLC lifted its holdings in shares of Graphic Packaging by 41,957.1% in the fourth quarter. TFO Wealth Partners LLC now owns 5,888 shares of the industrial products company's stock worth $145,000 after buying an additional 5,874 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its holdings in shares of Graphic Packaging by 36.5% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 43,727 shares of the industrial products company's stock worth $1,078,000 after buying an additional 11,699 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Graphic Packaging by 6.5% in the fourth quarter. First Trust Advisors LP now owns 1,004,749 shares of the industrial products company's stock worth $24,767,000 after buying an additional 61,698 shares in the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Graphic Packaging Trading Up 0.9 %

Shares of GPK traded up $0.27 during midday trading on Tuesday, hitting $29.86. The stock had a trading volume of 1,540,566 shares, compared to its average volume of 2,530,234. Graphic Packaging Holding has a 1 year low of $20.07 and a 1 year high of $30.66. The firm has a market cap of $9.18 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 5.13 and a beta of 0.83. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.45 and a quick ratio of 0.58. The stock's 50 day moving average is $28.98 and its 200 day moving average is $28.05.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04. Graphic Packaging had a net margin of 7.93% and a return on equity of 30.74%. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The business's revenue for the quarter was down 6.5% on a year-over-year basis. As a group, analysts forecast that Graphic Packaging Holding will post 2.66 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 5th. Stockholders of record on Sunday, September 15th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Friday, September 13th. Graphic Packaging's payout ratio is presently 18.10%.

Insider Transactions at Graphic Packaging

In other news, CEO Michael P. Doss sold 49,183 shares of the company's stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $27.91, for a total value of $1,372,697.53. Following the transaction, the chief executive officer now directly owns 1,909,576 shares in the company, valued at $53,296,266.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Michael P. Doss sold 49,183 shares of the company's stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $27.91, for a total value of $1,372,697.53. Following the transaction, the chief executive officer now directly owns 1,909,576 shares in the company, valued at $53,296,266.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael P. Doss sold 86,374 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $28.05, for a total transaction of $2,422,790.70. Following the transaction, the chief executive officer now owns 2,123,202 shares in the company, valued at $59,555,816.10. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Graphic Packaging from $21.00 to $24.00 and gave the stock an "underweight" rating in a report on Wednesday, July 31st. Robert W. Baird upped their price target on shares of Graphic Packaging from $30.00 to $36.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. Citigroup decreased their price target on shares of Graphic Packaging from $31.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, July 8th. Stifel Nicolaus initiated coverage on shares of Graphic Packaging in a research note on Tuesday, July 9th. They set a "buy" rating and a $35.20 price target on the stock. Finally, Truist Financial reaffirmed a "buy" rating and set a $35.00 price target (up previously from $33.00) on shares of Graphic Packaging in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $31.15.

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.