Capital Insight Partners LLC Boosts Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Capital Insight Partners LLC lifted its stake in Graphic Packaging Holding (NYSE:GPK) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,890 shares of the industrial products company’s stock after purchasing an additional 3,630 shares during the period. Capital Insight Partners LLC’s holdings in Graphic Packaging were worth $1,328,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Graphic Packaging by 24.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company’s stock valued at $437,945,000 after buying an additional 2,927,344 shares during the period. FMR LLC grew its holdings in Graphic Packaging by 12.6% during the 3rd quarter. FMR LLC now owns 20,460,161 shares of the industrial products company’s stock worth $605,416,000 after acquiring an additional 2,294,688 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Graphic Packaging in the 4th quarter valued at approximately $51,642,000. JPMorgan Chase & Co. raised its holdings in shares of Graphic Packaging by 8.0% in 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 purchasing an additional 787,266 shares in the last quarter. Finally, Ceredex Value Advisors LLC purchased a new stake in shares of Graphic Packaging during the 3rd quarter worth $11,079,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Graphic Packaging

In other news, EVP Michael James Farrell sold 25,900 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 owns 81,026 shares in the company, valued at $2,348,943.74. This represents a 24.22 % 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. Also, CAO Charles D. Lischer sold 12,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $29.65, for a total transaction of $355,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 49,849 shares in the company, valued at $1,478,022.85. This represents a 19.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wells Fargo & Company raised Graphic Packaging from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $24.00 to $27.00 in a report on Monday, January 6th. Royal Bank of Canada decreased their target price 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. StockNews.com lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Citigroup restated a “neutral” rating and set a $30.00 price objective (down previously from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Finally, Truist Financial increased their target price 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. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $32.37.

Graphic Packaging Price Performance

GPK stock opened at $27.39 on Friday. The business has a 50 day simple moving average of $28.11 and a 200-day simple moving average of $28.66. The company has a market capitalization of $8.22 billion, a P/E ratio of 11.71 and a beta of 0.85. Graphic Packaging Holding has a twelve month low of $23.47 and a twelve month high of $30.70. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78.

Graphic Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.46%. Graphic Packaging’s payout ratio is 17.09%.

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.