Victory Capital Management Inc. Trims Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Victory Capital Management Inc. decreased its holdings in Graphic Packaging Holding (NYSE:GPK) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 767,401 shares of the industrial products company’s stock after selling 8,089 shares during the period. Victory Capital Management Inc. owned 0.26% of Graphic Packaging worth $22,707,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co grew its stake in Graphic Packaging by 171.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 603,023 shares of the industrial products company’s stock valued at $17,631,000 after acquiring an additional 381,112 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in Graphic Packaging by 4.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 832,035 shares of the industrial products company’s stock valued at $23,907,000 after acquiring an additional 33,691 shares in the last quarter. Cetera Investment Advisers grew its stake in Graphic Packaging by 99.6% during the first quarter. Cetera Investment Advisers now owns 104,490 shares of the industrial products company’s stock valued at $3,049,000 after acquiring an additional 52,139 shares in the last quarter. Hsbc Holdings PLC grew its stake in Graphic Packaging by 268.7% during the second quarter. Hsbc Holdings PLC now owns 51,261 shares of the industrial products company’s stock valued at $1,350,000 after acquiring an additional 37,358 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Graphic Packaging during the second quarter valued at approximately $928,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Insider Activity at Graphic Packaging

In related news, EVP Michael James Farrell sold 25,900 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 81,026 shares in the company, valued at $2,348,943.74. This represents a 24.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.20% of the stock is currently owned by company insiders.

Graphic Packaging Trading Up 0.4 %

Shares of GPK opened at $28.35 on Tuesday. The firm has a market cap of $8.51 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 10.98 and a beta of 0.83. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.72 and a current ratio of 1.73. Graphic Packaging Holding has a fifty-two week low of $22.04 and a fifty-two week high of $30.70. The firm has a 50 day moving average price of $29.23 and a 200-day moving average price of $28.32.

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

Graphic Packaging Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, January 5th. Investors of record on Sunday, December 15th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a yield of 1.41%. Graphic Packaging’s dividend payout ratio is currently 17.09%.

Analyst Ratings Changes

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

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.