Schroder Investment Management Group Sells 98,598 Shares of Graphic Packaging Holding (NYSE:GPK)

Schroder Investment Management Group reduced its holdings in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,168,997 shares of the industrial products company's stock after selling 98,598 shares during the quarter. Schroder Investment Management Group owned 1.06% of Graphic Packaging worth $85,943,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in GPK. Howard Capital Management Group LLC increased its stake in shares of Graphic Packaging by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 1,007,968 shares of the industrial products company's stock valued at $29,826,000 after purchasing an additional 2,969 shares during the period. Cerity Partners LLC increased its position in Graphic Packaging by 18.2% in the 3rd quarter. Cerity Partners LLC now owns 21,935 shares of the industrial products company's stock valued at $649,000 after acquiring an additional 3,376 shares during the period. Bank of Montreal Can raised its stake in Graphic Packaging by 144.6% during the 3rd quarter. Bank of Montreal Can now owns 104,957 shares of the industrial products company's stock valued at $3,096,000 after acquiring an additional 62,041 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Graphic Packaging by 297.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 362,286 shares of the industrial products company's stock valued at $10,720,000 after acquiring an additional 271,134 shares in the last quarter. Finally, Townsquare Capital LLC acquired a new position in Graphic Packaging during the 3rd quarter worth $228,000. 99.67% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Truist Financial decreased their target price on Graphic Packaging from $31.00 to $30.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Robert W. Baird decreased their target price on shares of Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Citigroup restated a "neutral" rating and set a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Finally, Wells Fargo & Company raised shares of Graphic Packaging from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $24.00 to $27.00 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.com, Graphic Packaging has a consensus rating of "Hold" and an average target price of $31.37.

Graphic Packaging Stock Down 3.8 %

GPK stock traded down $1.01 during mid-day trading on Friday, hitting $25.14. The stock had a trading volume of 5,687,175 shares, compared to its average volume of 2,411,832. Graphic Packaging Holding has a 1-year low of $24.50 and a 1-year high of $30.70. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 2.10 and a beta of 0.81. The company has a fifty day moving average of $26.57 and a 200 day moving average of $27.93. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71.

Graphic Packaging (NYSE:GPK - Get Free Report) last released 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). Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period in the prior year, the business earned $0.75 earnings per share. The company's revenue for the quarter was down 6.8% on a year-over-year basis. On average, equities analysts expect that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

Graphic Packaging Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Investors of record on Saturday, March 15th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Graphic Packaging's previous quarterly dividend of $0.10. Graphic Packaging's dividend payout ratio (DPR) is presently 20.37%.

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.