Tredje AP fonden Sells 119,751 Shares of Graphic Packaging Holding (NYSE:GPK)

Tredje AP fonden reduced its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 72.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 institutional investors and hedge funds have also bought and sold shares of the business. FMR LLC grew its position 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 valued at $605,416,000 after acquiring an additional 2,294,688 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Graphic Packaging by 11.5% during 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 during the last quarter. JPMorgan Chase & Co. grew its position in 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 last quarter. Amundi grew its position in Graphic Packaging by 6.7% during the fourth quarter. Amundi now owns 4,799,090 shares of the industrial products company’s stock valued at $128,178,000 after acquiring an additional 302,168 shares during the last quarter. Finally, Premier Fund Managers Ltd grew its position 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 valued at $101,545,000 after acquiring an additional 302,680 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GPK has been the topic of a number of recent research reports. Citigroup reiterated a “neutral” rating and set a $30.00 price target (down from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Truist Financial raised their price target on Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, January 6th. Wells Fargo & Company raised Graphic Packaging from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $24.00 to $27.00 in a research note on Monday, January 6th. Finally, Robert W. Baird dropped their price target on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $31.70.

Graphic Packaging Price Performance

NYSE GPK opened at $26.22 on Friday. Graphic Packaging Holding has a one year low of $25.13 and a one year high of $30.70. The stock has a 50-day moving average of $27.00 and a 200 day moving average of $28.33. The company has a market capitalization of $7.87 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 2.10 and a beta of 0.81. 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) last released its quarterly earnings data 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 business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.15 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. Graphic Packaging’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 earnings per share. On average, sell-side analysts forecast that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging Increases Dividend

The company also recently declared 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 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 payout ratio is currently 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.