Graphic Packaging Holding (NYSE:GPK) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in Graphic Packaging Holding (NYSE:GPK) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,503,189 shares of the industrial products company’s stock after acquiring an additional 1,702,764 shares during the quarter. Graphic Packaging comprises approximately 0.7% of Allspring Global Investments Holdings LLC’s portfolio, making the stock its 16th biggest holding. Allspring Global Investments Holdings LLC owned about 0.05% of Graphic Packaging worth $441,990,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Synergy Asset Management LLC increased its holdings in shares of Graphic Packaging by 108.6% in the 4th quarter. Synergy Asset Management LLC now owns 64,343 shares of the industrial products company’s stock valued at $1,810,000 after purchasing an additional 33,493 shares in the last quarter. Howard Capital Management Group LLC grew its position in Graphic Packaging by 1.3% during the fourth quarter. Howard Capital Management Group LLC now owns 1,021,143 shares of the industrial products company’s stock worth $27,734,000 after buying an additional 13,175 shares during the period. JPMorgan Chase & Co. increased its holdings in Graphic Packaging by 8.0% in 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 buying an additional 787,266 shares in the last quarter. Raymond James & Associates lifted its position in shares of Graphic Packaging by 23.9% during the 3rd quarter. Raymond James & Associates now owns 707,969 shares of the industrial products company’s stock valued at $20,949,000 after acquiring an additional 136,342 shares during the period. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Graphic Packaging during the 4th quarter worth approximately $51,642,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Insider Buying and Selling at Graphic Packaging

In other news, CAO Charles D. Lischer sold 12,000 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer now owns 49,849 shares in the company, valued at $1,478,022.85. This trade represents a 19.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

GPK has been the subject of several research analyst reports. Royal Bank of Canada dropped their price objective on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. 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 report on Wednesday, February 5th. Wells Fargo & Company raised Graphic Packaging from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $24.00 to $27.00 in a research note on Monday, January 6th. Truist Financial increased their price objective on shares of Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Finally, StockNews.com cut shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $31.70.

Graphic Packaging Stock Up 0.3 %

Shares of NYSE:GPK opened at $26.48 on Wednesday. The company has a market capitalization of $7.95 billion, a P/E ratio of 12.26, a P/E/G ratio of 2.07 and a beta of 0.84. The stock’s fifty day simple moving average is $27.65 and its 200-day simple moving average is $28.61. Graphic Packaging Holding has a 52-week low of $23.47 and a 52-week high of $30.70. The company has a quick ratio of 0.72, a current ratio of 1.46 and a debt-to-equity ratio of 1.71.

Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. Graphic Packaging’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter last year, the company posted $0.75 earnings per share. As a group, equities research analysts forecast that Graphic Packaging Holding will post 2.51 earnings per share for the current fiscal 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 $0.11 dividend. This is a boost from Graphic Packaging’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Friday, March 14th. Graphic Packaging’s payout ratio is presently 18.52%.

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.