UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $42.72 Million Stock Position in Graphic Packaging Holding (NYSE:GPK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 15.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,443,883 shares of the industrial products company's stock after selling 271,920 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.48% of Graphic Packaging worth $42,724,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GPK. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Graphic Packaging by 2.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 67,939 shares of the industrial products company's stock worth $2,010,000 after acquiring an additional 1,489 shares during the last quarter. Blueshift Asset Management LLC bought a new position in shares of Graphic Packaging during the 3rd quarter worth about $244,000. Townsquare Capital LLC acquired a new stake in shares of Graphic Packaging during the 3rd quarter valued at about $228,000. BNP Paribas Financial Markets raised its position in 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 in the last quarter. Finally, FMR LLC lifted its stake in Graphic Packaging by 12.6% during the third quarter. FMR LLC now owns 20,460,161 shares of the industrial products company's stock worth $605,416,000 after purchasing an additional 2,294,688 shares during the period. Institutional investors and hedge funds own 99.67% of the company's stock.

Insider Buying and Selling

In other Graphic Packaging news, CAO Charles D. Lischer sold 12,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $29.65, for a total transaction of $355,800.00. Following the transaction, the chief accounting officer now owns 49,849 shares of the company's stock, valued at $1,478,022.85. The trade was a 19.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael James Farrell sold 25,900 shares of Graphic Packaging stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total value of $750,841.00. Following the transaction, the executive vice president now owns 81,026 shares of the company's stock, valued at $2,348,943.74. This represents a 24.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Royal Bank of Canada cut their target price on Graphic Packaging from $35.00 to $34.00 and set an "outperform" rating for the company in a research report on Thursday, October 17th. Truist Financial downgraded shares of Graphic Packaging from a "buy" rating to a "hold" rating and cut their price target for the company from $32.00 to $30.00 in a report on Wednesday, October 30th. Finally, StockNews.com cut shares of Graphic Packaging from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $31.53.

Graphic Packaging Trading Down 0.9 %

Graphic Packaging stock traded down $0.26 during mid-day trading on Wednesday, hitting $29.79. 893,600 shares of the company's stock were exchanged, compared to its average volume of 2,531,434. Graphic Packaging Holding has a fifty-two week low of $22.66 and a fifty-two week high of $30.70. The company has a quick ratio of 0.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $8.94 billion, a P/E ratio of 12.84, a PEG ratio of 11.77 and a beta of 0.83. The company's 50 day simple moving average is $29.17 and its 200-day simple moving average is $28.46.

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

Graphic Packaging Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, December 13th. This represents a $0.40 annualized dividend and a dividend yield of 1.34%. Graphic Packaging's dividend payout ratio is currently 17.09%.

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.