Graphic Packaging Holding (NYSE:GPK) Shares Sold by Tredje AP fonden

Tredje AP fonden lowered its stake in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 72.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 45,000 shares of the industrial products company's stock after selling 119,751 shares during the period. Tredje AP fonden's holdings in Graphic Packaging were worth $1,222,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GPK. Truvestments Capital LLC purchased a new position in Graphic Packaging in the 3rd quarter valued at approximately $30,000. Crews Bank & Trust purchased a new position in Graphic Packaging in the 4th quarter valued at approximately $32,000. Avior Wealth Management LLC boosted its position in Graphic Packaging by 2,484.0% in the 4th quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company's stock valued at $35,000 after buying an additional 1,242 shares during the period. Steward Partners Investment Advisory LLC boosted its position in Graphic Packaging by 92.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company's stock valued at $39,000 after buying an additional 689 shares during the period. Finally, UMB Bank n.a. boosted its position in Graphic Packaging by 58.2% in the 4th quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company's stock valued at $41,000 after buying an additional 549 shares during the period. Hedge funds and other institutional investors own 99.67% of the company's stock.

Graphic Packaging Stock Performance

NYSE GPK traded down $0.49 during trading on Wednesday, reaching $25.76. The company's stock had a trading volume of 3,808,351 shares, compared to its average volume of 2,325,108. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of 11.93, a P/E/G ratio of 2.10 and a beta of 0.81. Graphic Packaging Holding has a twelve month low of $25.13 and a twelve month high of $30.70. The business's fifty day moving average price is $26.98 and its 200-day moving average price is $28.24.

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Graphic Packaging (NYSE:GPK - Get Free Report) last issued its quarterly 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). Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The company's revenue was down 6.8% compared to the same quarter last year. As a group, analysts anticipate that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

Graphic Packaging Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.71%. This is a positive change from Graphic Packaging's previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, March 14th. Graphic Packaging's payout ratio is 20.37%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Truist Financial raised their price target on shares of Graphic Packaging from $30.00 to $32.00 and gave the company a "hold" rating in a research report on Monday, January 6th. Wells Fargo & Company raised shares of Graphic Packaging from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $24.00 to $27.00 in a research report on Monday, January 6th. Citigroup reaffirmed a "neutral" rating and set a $30.00 price objective (down from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Finally, Robert W. Baird decreased their price objective on shares of Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $31.70.

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.