Graphic Packaging Holding (NYSE:GPK) Shares Purchased by Amundi

Amundi increased its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 6.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,799,090 shares of the industrial products company’s stock after acquiring an additional 302,168 shares during the period. Amundi owned approximately 1.60% of Graphic Packaging worth $128,178,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

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

Graphic Packaging Price Performance

Shares of NYSE GPK opened at $27.55 on Tuesday. Graphic Packaging Holding has a twelve month low of $25.13 and a twelve month 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. The company has a market capitalization of $8.27 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81. The business has a 50 day simple moving average of $27.01 and a 200-day simple moving average of $28.39.

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). Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the firm posted $0.75 earnings per share. Graphic Packaging’s revenue was down 6.8% compared to the same quarter last year. As a group, equities research analysts expect that Graphic Packaging Holding will post 2.47 earnings per share for the current year.

Graphic Packaging Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Investors 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 yield of 1.60%. The ex-dividend date is Friday, March 14th. Graphic Packaging’s dividend payout ratio is presently 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.