Graphic Packaging Holding (NYSE:GPK) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its stake in Graphic Packaging Holding (NYSE:GPK - Free Report) by 53.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,826 shares of the industrial products company's stock after selling 32,813 shares during the quarter. Teacher Retirement System of Texas' holdings in Graphic Packaging were worth $783,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Howard Capital Management Group LLC raised its holdings 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 worth $29,826,000 after buying an additional 2,969 shares during the period. Cerity Partners LLC lifted its position in shares of Graphic Packaging by 18.2% during the third quarter. Cerity Partners LLC now owns 21,935 shares of the industrial products company's stock worth $649,000 after purchasing an additional 3,376 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Graphic Packaging by 144.6% during the third quarter. Bank of Montreal Can now owns 104,957 shares of the industrial products company's stock valued at $3,096,000 after purchasing an additional 62,041 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Graphic Packaging by 297.5% in the third quarter. BNP Paribas Financial Markets now owns 362,286 shares of the industrial products company's stock worth $10,720,000 after purchasing an additional 271,134 shares during the last quarter. Finally, Townsquare Capital LLC purchased a new position in Graphic Packaging in the 3rd quarter worth about $228,000. Institutional investors own 99.67% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Robert W. Baird dropped their target price on shares of Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Citigroup reissued a "neutral" rating and issued a $30.00 price objective (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Wells Fargo & Company raised Graphic Packaging from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $24.00 to $27.00 in a research report on Monday, January 6th. Finally, Truist Financial dropped their price target 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $31.37.

Graphic Packaging Stock Down 0.6 %

Shares of GPK traded down $0.15 during trading hours on Thursday, hitting $26.16. The company had a trading volume of 4,425,404 shares, compared to its average volume of 2,402,050. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $7.85 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81. Graphic Packaging Holding has a one year low of $24.50 and a one year high of $30.70. The company's fifty day moving average price is $26.61 and its two-hundred day moving average price is $27.97.

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

Graphic Packaging Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, April 5th. Stockholders 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 an increase from Graphic Packaging's previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.68%. Graphic Packaging's dividend payout ratio is presently 20.37%.

About Graphic Packaging

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.