Graphic Packaging’s (GPK) Underweight Rating Reaffirmed at Wells Fargo & Company

Wells Fargo & Company restated their underweight rating on shares of Graphic Packaging (NYSE:GPKFree Report) in a research note issued to investors on Monday morning, Benzinga reports. Wells Fargo & Company currently has a $21.00 price objective on the industrial products company’s stock.

Several other research analysts have also commented on the stock. StockNews.com lowered shares of Graphic Packaging from a buy rating to a hold rating in a report on Thursday, February 22nd. Robert W. Baird raised their price target on shares of Graphic Packaging from $28.00 to $30.00 and gave the company an outperform rating in a report on Thursday, February 22nd. Finally, Citigroup raised their price target on shares of Graphic Packaging from $29.00 to $32.00 and gave the company a buy rating in a report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, Graphic Packaging has a consensus rating of Hold and a consensus target price of $28.22.

Check Out Our Latest Report on Graphic Packaging

Graphic Packaging Price Performance

GPK opened at $28.67 on Monday. The company’s 50 day simple moving average is $26.42 and its 200 day simple moving average is $24.21. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.42 and a current ratio of 1.10. Graphic Packaging has a 1 year low of $20.07 and a 1 year high of $29.43. The stock has a market capitalization of $8.77 billion, a PE ratio of 12.20 and a beta of 0.84.

Graphic Packaging (NYSE:GPKGet Free Report) last released its earnings results on Tuesday, February 20th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. Graphic Packaging had a net margin of 7.67% and a return on equity of 35.66%. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period last year, the company earned $0.59 earnings per share. The company’s quarterly revenue was down 5.7% on a year-over-year basis. As a group, sell-side analysts expect that Graphic Packaging will post 2.71 EPS for the current year.

Graphic Packaging Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 15th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.40%. Graphic Packaging’s dividend payout ratio is presently 17.02%.

Insider Buying and Selling at Graphic Packaging

In other Graphic Packaging news, EVP Joseph P. Yost sold 70,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $26.20, for a total transaction of $1,834,000.00. Following the completion of the sale, the executive vice president now directly owns 205,231 shares of the company’s stock, valued at $5,377,052.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Graphic Packaging

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Graphic Packaging by 85.7% during the 2nd quarter. BlackRock Inc. now owns 30,419,429 shares of the industrial products company’s stock valued at $730,979,000 after purchasing an additional 14,040,222 shares during the last quarter. Vanguard Group Inc. grew its position in Graphic Packaging by 2.0% during the third quarter. Vanguard Group Inc. now owns 29,127,808 shares of the industrial products company’s stock worth $574,983,000 after buying an additional 566,205 shares in the last quarter. Wellington Management Group LLP increased its stake in Graphic Packaging by 5.2% during the third quarter. Wellington Management Group LLP now owns 12,681,314 shares of the industrial products company’s stock valued at $282,540,000 after acquiring an additional 628,663 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in Graphic Packaging by 10.3% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 12,207,562 shares of the industrial products company’s stock valued at $271,984,000 after acquiring an additional 1,138,587 shares during the period. Finally, FMR LLC raised its holdings in Graphic Packaging by 67.2% in the 3rd quarter. FMR LLC now owns 10,133,955 shares of the industrial products company’s stock valued at $225,785,000 after acquiring an additional 4,074,508 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

About Graphic Packaging

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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.

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