Thompson Siegel & Walmsley LLC Sells 383,982 Shares of Graphic Packaging Holding (NYSE:GPK)

Thompson Siegel & Walmsley LLC cut its holdings in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 12.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,709,555 shares of the industrial products company's stock after selling 383,982 shares during the quarter. Graphic Packaging makes up 1.2% of Thompson Siegel & Walmsley LLC's portfolio, making the stock its 18th largest position. Thompson Siegel & Walmsley LLC owned about 0.90% of Graphic Packaging worth $80,176,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. 1832 Asset Management L.P. increased its position in Graphic Packaging by 1.1% during the second quarter. 1832 Asset Management L.P. now owns 32,827 shares of the industrial products company's stock worth $860,000 after buying an additional 369 shares during the last quarter. Graypoint LLC increased its holdings in shares of Graphic Packaging by 2.4% in the second quarter. Graypoint LLC now owns 17,473 shares of the industrial products company's stock valued at $458,000 after purchasing an additional 402 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Graphic Packaging by 0.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 54,259 shares of the industrial products company's stock valued at $1,422,000 after buying an additional 406 shares during the last quarter. Fiduciary Family Office LLC lifted its position in Graphic Packaging by 2.6% during the second quarter. Fiduciary Family Office LLC now owns 16,811 shares of the industrial products company's stock worth $441,000 after acquiring an additional 423 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Graphic Packaging by 1.8% during the third quarter. KBC Group NV now owns 26,805 shares of the industrial products company's stock worth $793,000 after acquiring an additional 465 shares during the period. Institutional investors own 99.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company increased their target price on Graphic Packaging from $21.00 to $24.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 31st. Royal Bank of Canada dropped their target price on Graphic Packaging from $35.00 to $34.00 and set an "outperform" rating for the company in a report on Thursday, October 17th. StockNews.com lowered shares of Graphic Packaging from a "buy" rating to a "hold" rating in a research report on Wednesday, October 30th. Robert W. Baird increased their target price on shares of Graphic Packaging from $30.00 to $36.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Finally, Truist Financial downgraded shares of Graphic Packaging from a "buy" rating to a "hold" rating and dropped their price target for the company from $32.00 to $30.00 in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Graphic Packaging has an average rating of "Hold" and a consensus target price of $31.53.

Insider Transactions at Graphic Packaging

In related news, EVP Michael James Farrell sold 25,900 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 approximately $2,348,943.74. This represents a 24.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.20% of the company's stock.

Graphic Packaging Price Performance

Shares of GPK opened at $28.53 on Thursday. The company has a market capitalization of $8.56 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 10.98 and a beta of 0.83. The business has a 50-day moving average of $29.18 and a 200-day moving average of $28.34. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72. Graphic Packaging Holding has a 1 year low of $22.12 and a 1 year high of $30.70.

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

Graphic Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, January 5th. Shareholders of record on Sunday, December 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a yield of 1.40%. Graphic Packaging's dividend payout ratio (DPR) is presently 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.

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