Graphic Packaging Holding (NYSE:GPK) Stock Holdings Decreased by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its stake in Graphic Packaging Holding (NYSE:GPK) by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 22,690 shares of the industrial products company’s stock after selling 647 shares during the period. Securian Asset Management Inc.’s holdings in Graphic Packaging were worth $616,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC grew its position in shares of 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 last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Graphic Packaging by 11.5% during the 4th 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 buying an additional 1,702,764 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Graphic Packaging by 8.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company’s stock valued at $313,957,000 after buying an additional 787,266 shares during the last quarter. Amundi grew its position in shares of Graphic Packaging by 6.7% during the 4th quarter. Amundi now owns 4,799,090 shares of the industrial products company’s stock valued at $128,178,000 after buying an additional 302,168 shares during the last quarter. Finally, Premier Fund Managers Ltd grew its position in shares of Graphic Packaging by 9.6% during the 3rd quarter. Premier Fund Managers Ltd now owns 3,441,614 shares of the industrial products company’s stock valued at $101,545,000 after buying an additional 302,680 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

Analyst Upgrades and Downgrades

GPK has been the subject of a number of recent research reports. Wells Fargo & Company raised shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $24.00 to $27.00 in a research report on Monday, January 6th. Robert W. Baird decreased their target price 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. Citigroup restated a “neutral” rating and issued a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Finally, Truist Financial upped their target price on shares of Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Graphic Packaging currently has a consensus rating of “Hold” and an average target price of $31.70.

Graphic Packaging Price Performance

NYSE GPK opened at $26.22 on Monday. The company has a 50-day moving average price of $26.99 and a two-hundred day moving average price of $28.29. The stock 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 52 week low of $25.13 and a 52 week high of $30.70. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). The company 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 company’s revenue was down 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. Analysts forecast that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging Increases Dividend

The business 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 $0.11 dividend. This is a positive change from Graphic Packaging’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, March 14th. Graphic Packaging’s dividend payout ratio is currently 20.37%.

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.