Pictet Asset Management Holding SA Has $56.37 Million Stock Position in Graphic Packaging Holding (NYSE:GPK)

Pictet Asset Management Holding SA lessened its holdings in Graphic Packaging Holding (NYSE:GPK - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,075,321 shares of the industrial products company's stock after selling 89,913 shares during the period. Pictet Asset Management Holding SA owned 0.69% of Graphic Packaging worth $56,366,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Norges Bank acquired a new stake in Graphic Packaging in the 4th quarter valued at approximately $98,268,000. Hennessy Advisors Inc. acquired a new stake in shares of Graphic Packaging in the fourth quarter worth $51,642,000. Allspring Global Investments Holdings LLC raised its stake in Graphic Packaging by 11.5% during 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 purchasing an additional 1,702,764 shares during the last quarter. Boston Trust Walden Corp bought a new stake in Graphic Packaging in the 4th quarter valued at $34,131,000. Finally, American Century Companies Inc. grew its position in Graphic Packaging by 7.9% in the 4th 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 during the last quarter. Institutional investors own 99.67% of the company's stock.

Graphic Packaging Price Performance

Graphic Packaging stock traded down $0.21 during mid-day trading on Thursday, hitting $26.09. 1,406,783 shares of the company were exchanged, compared to its average volume of 2,541,502. Graphic Packaging Holding has a 1-year low of $24.50 and a 1-year high of $30.70. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. The business has a fifty day moving average of $26.64 and a 200 day moving average of $27.98. The company has a market capitalization of $7.83 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81.

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

Graphic Packaging Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, April 5th. Investors of record on Saturday, March 15th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Graphic Packaging's previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a yield of 1.69%. Graphic Packaging's dividend payout ratio is 20.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GPK shares. Wells Fargo & Company upgraded shares of Graphic Packaging from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $24.00 to $27.00 in a research note on Monday, January 6th. Truist Financial lowered their price objective on Graphic Packaging from $31.00 to $30.00 and set a "hold" rating on the stock in a research report on Monday, March 24th. Robert W. Baird reduced their target price on Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Finally, Citigroup reiterated a "neutral" rating and set a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus 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.