Raymond James & Associates Has $20.95 Million Holdings in Graphic Packaging Holding (NYSE:GPK)

Raymond James & Associates boosted its holdings in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 23.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 707,969 shares of the industrial products company's stock after purchasing an additional 136,342 shares during the quarter. Raymond James & Associates owned approximately 0.23% of Graphic Packaging worth $20,949,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. American Century Companies Inc. raised its holdings in Graphic Packaging by 41.9% in the second quarter. American Century Companies Inc. now owns 12,115,566 shares of the industrial products company's stock valued at $317,549,000 after acquiring an additional 3,576,877 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Graphic Packaging by 18.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 11,873,081 shares of the industrial products company's stock worth $311,193,000 after purchasing an additional 1,889,525 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Graphic Packaging by 7.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,600,600 shares of the industrial products company's stock worth $251,632,000 after purchasing an additional 706,486 shares in the last quarter. Van ECK Associates Corp increased its holdings in Graphic Packaging by 215.0% in the first quarter. Van ECK Associates Corp now owns 704,530 shares of the industrial products company's stock valued at $20,558,000 after buying an additional 480,843 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Graphic Packaging by 33.2% during the second quarter. Sei Investments Co. now owns 1,719,878 shares of the industrial products company's stock valued at $45,078,000 after buying an additional 428,278 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on GPK shares. Truist Financial decreased their target price on Graphic Packaging from $35.00 to $32.00 and set a "buy" rating for the company in a research report on Tuesday, October 15th. Wells Fargo & Company boosted their target price on shares of Graphic Packaging from $21.00 to $24.00 and gave the company an "underweight" rating in a research note on Wednesday, July 31st. StockNews.com downgraded shares of Graphic Packaging from a "buy" rating to a "hold" rating in a research report on Friday, October 18th. Stifel Nicolaus assumed coverage on shares of Graphic Packaging in a research report on Tuesday, July 9th. They set a "buy" rating and a $35.20 price objective for the company. Finally, Robert W. Baird raised their target price on shares of Graphic Packaging from $30.00 to $36.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $31.87.

Insider Buying and Selling at Graphic Packaging

In other Graphic Packaging news, CEO Michael P. Doss sold 49,183 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 1,909,576 shares of the company's stock, valued at $53,296,266.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Michael P. Doss sold 86,374 shares of the firm's stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $28.05, for a total value of $2,422,790.70. Following the transaction, the chief executive officer now directly owns 2,123,202 shares of the company's stock, valued at approximately $59,555,816.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael P. Doss sold 49,183 shares of the business's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $27.91, for a total transaction of $1,372,697.53. Following the completion of the sale, the chief executive officer now owns 1,909,576 shares of the company's stock, valued at $53,296,266.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Graphic Packaging Trading Down 1.3 %

GPK stock traded down $0.38 during mid-day trading on Friday, reaching $29.66. 2,347,985 shares of the stock traded hands, compared to its average volume of 2,065,305. The stock's fifty day moving average is $29.37 and its 200-day moving average is $28.17. The company has a market cap of $8.90 billion, a P/E ratio of 12.68, a P/E/G ratio of 10.94 and a beta of 0.83. The company has a current ratio of 1.45, a quick ratio of 0.58 and a debt-to-equity ratio of 1.75. Graphic Packaging Holding has a 52-week low of $20.69 and a 52-week high of $30.66.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share for the quarter, topping 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 firm had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.27 billion. During the same period in the previous year, the company posted $0.66 EPS. The company's quarterly revenue was down 6.5% compared to the same quarter last year. As a group, sell-side analysts expect that Graphic Packaging Holding will post 2.65 earnings per share for the current year.

Graphic Packaging Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 5th. Investors of record on Sunday, September 15th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.40 annualized dividend and a dividend yield of 1.35%. Graphic Packaging's dividend payout ratio is 17.09%.

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.