77,472 Shares in Graphic Packaging Holding (NYSE:GPK) Bought by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas bought a new stake in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 77,472 shares of the industrial products company's stock, valued at approximately $2,292,000.

Other institutional investors also recently bought and sold shares of the company. FMR LLC increased its position in shares of Graphic Packaging by 12.6% during the third quarter. FMR LLC now owns 20,460,161 shares of the industrial products company's stock worth $605,416,000 after acquiring an additional 2,294,688 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Graphic Packaging by 24.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company's stock worth $437,945,000 after purchasing an additional 2,927,344 shares in the last quarter. American Century Companies Inc. increased its holdings in Graphic Packaging by 41.9% during the 2nd quarter. American Century Companies Inc. now owns 12,115,566 shares of the industrial products company's stock worth $317,549,000 after purchasing an additional 3,576,877 shares during the period. Massachusetts Financial Services Co. MA raised its position in Graphic Packaging by 7.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,600,600 shares of the industrial products company's stock valued at $251,632,000 after purchasing an additional 706,486 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Graphic Packaging by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,054,530 shares of the industrial products company's stock valued at $158,693,000 after buying an additional 362,509 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Royal Bank of Canada cut their target price on shares of Graphic Packaging from $35.00 to $34.00 and set an "outperform" rating on the stock in a research note on Thursday, October 17th. Truist Financial downgraded shares of Graphic Packaging from a "buy" rating to a "hold" rating and dropped their price objective for the company from $32.00 to $30.00 in a research report on Wednesday, October 30th. Finally, StockNews.com cut shares of Graphic Packaging from a "buy" rating to a "hold" rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $31.53.

Insider Activity at Graphic Packaging

In other Graphic Packaging news, CAO Charles D. Lischer sold 12,000 shares of Graphic Packaging stock in a transaction on Monday, November 25th. The shares were sold at an average price of $29.65, for a total value of $355,800.00. Following the transaction, the chief accounting officer now directly owns 49,849 shares in the company, valued at approximately $1,478,022.85. The trade was a 19.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael James Farrell sold 25,900 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total transaction of $750,841.00. Following the sale, the executive vice president now owns 81,026 shares of the company's stock, valued at $2,348,943.74. This trade represents a 24.22 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

Graphic Packaging Stock Down 0.2 %

GPK stock traded down $0.06 during midday trading on Friday, reaching $29.37. 1,398,834 shares of the company were exchanged, compared to its average volume of 2,517,854. The company has a market cap of $8.82 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 11.42 and a beta of 0.83. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.72 and a current ratio of 1.73. Graphic Packaging Holding has a 1-year low of $23.47 and a 1-year high of $30.70. The stock's 50-day simple moving average is $29.22 and its 200 day simple moving average is $28.56.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.04). Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The company had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.27 billion. During the same period last year, the business earned $0.74 earnings per share. The company's quarterly revenue was down 5.7% on a year-over-year basis. On average, equities analysts forecast that Graphic Packaging Holding will post 2.52 earnings per share for the current year.

Graphic Packaging Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, December 13th. Graphic Packaging's payout ratio is currently 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.