Victory Capital Management Inc. Has $22.72 Million Holdings in Graphic Packaging Holding (NYSE:GPK)

Victory Capital Management Inc. grew its holdings in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 836,357 shares of the industrial products company's stock after purchasing an additional 68,956 shares during the period. Victory Capital Management Inc. owned approximately 0.28% of Graphic Packaging worth $22,715,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of GPK. FMR LLC increased its stake in Graphic Packaging by 12.6% during the 3rd quarter. FMR LLC now owns 20,460,161 shares of the industrial products company's stock valued at $605,416,000 after buying an additional 2,294,688 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Graphic Packaging by 11.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company's stock valued at $441,990,000 after acquiring an additional 1,702,764 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Graphic Packaging by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company's stock valued at $313,957,000 after acquiring an additional 787,266 shares during the period. Premier Fund Managers Ltd raised its holdings in Graphic Packaging by 9.6% during the third quarter. Premier Fund Managers Ltd now owns 3,441,614 shares of the industrial products company's stock worth $101,545,000 after purchasing an additional 302,680 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in Graphic Packaging during the fourth quarter worth approximately $51,642,000. 99.67% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GPK. Robert W. Baird lowered their price target on Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company raised Graphic Packaging from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $24.00 to $27.00 in a report on Monday, January 6th. Truist Financial upped their price target on shares of Graphic Packaging from $30.00 to $32.00 and gave the company a "hold" rating in a report on Monday, January 6th. Finally, Citigroup reaffirmed 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. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $31.70.

Graphic Packaging Trading Up 0.5 %

Shares of NYSE:GPK traded up $0.12 during midday trading on Friday, reaching $26.22. The company had a trading volume of 2,621,071 shares, compared to its average volume of 2,329,577. The company has a fifty day simple moving average of $27.00 and a two-hundred day simple moving average of $28.33. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81. Graphic Packaging Holding has a 1-year low of $25.13 and a 1-year high of $30.70. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46.

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

Graphic Packaging Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th will be paid a dividend of $0.11 per share. This is an increase from Graphic Packaging's previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.68%. The ex-dividend date is Friday, March 14th. Graphic Packaging's payout ratio is 20.37%.

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.