Graphic Packaging Holding (NYSE:GPK) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. cut its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Worldquant Millennium Advisors LLC lifted its stake in Graphic Packaging by 1.1% during the third quarter. Worldquant Millennium Advisors LLC now owns 38,064 shares of the industrial products company’s stock valued at $1,126,000 after purchasing an additional 401 shares during the last quarter. KBC Group NV lifted its position in shares of Graphic Packaging by 1.8% in the 3rd quarter. KBC Group NV now owns 26,805 shares of the industrial products company’s stock valued at $793,000 after acquiring an additional 465 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Graphic Packaging by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 9,231 shares of the industrial products company’s stock valued at $251,000 after acquiring an additional 477 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Graphic Packaging by 2.0% in the 4th quarter. Sanctuary Advisors LLC now owns 24,606 shares of the industrial products company’s stock valued at $692,000 after acquiring an additional 486 shares in the last quarter. Finally, Keynote Financial Services LLC lifted its position in shares of Graphic Packaging by 6.9% in the 4th quarter. Keynote Financial Services LLC now owns 7,607 shares of the industrial products company’s stock valued at $207,000 after acquiring an additional 492 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GPK. Robert W. Baird reduced their price target 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. 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 research report on Monday, January 6th. Wells Fargo & Company upgraded shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $24.00 to $27.00 in a research report on Monday, January 6th. Finally, Citigroup restated a “neutral” rating and issued a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $31.70.

Graphic Packaging Stock Up 0.0 %

Graphic Packaging stock opened at $26.22 on Monday. The firm has a market cap of $7.87 billion, a PE ratio of 12.14, a P/E/G 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. The firm’s 50 day moving average price is $26.99 and its two-hundred day moving average price is $28.29. Graphic Packaging Holding has a twelve month low of $25.13 and a twelve month high of $30.70.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.04). Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the company posted $0.75 EPS. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. On average, research analysts predict that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

Graphic Packaging Increases Dividend

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

About Graphic Packaging

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.