Mutual of America Capital Management LLC Sells 10,562 Shares of Graphic Packaging Holding (NYSE:GPK)

Mutual of America Capital Management LLC lessened its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 5.3% during the 4th quarter, Holdings Channel reports. The fund owned 189,032 shares of the industrial products company’s stock after selling 10,562 shares during the period. Mutual of America Capital Management LLC’s holdings in Graphic Packaging were worth $4,660,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of GPK. Norges Bank bought a new stake in Graphic Packaging during the 4th quarter valued at $216,432,000. Wellington Management Group LLP lifted its holdings in shares of Graphic Packaging by 70.0% during the 1st quarter. Wellington Management Group LLP now owns 10,911,606 shares of the industrial products company’s stock valued at $218,669,000 after purchasing an additional 4,493,702 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Graphic Packaging by 114.8% during the 4th quarter. Millennium Management LLC now owns 7,690,896 shares of the industrial products company’s stock valued at $171,122,000 after purchasing an additional 4,111,129 shares during the last quarter. FMR LLC lifted its holdings in shares of Graphic Packaging by 67.2% during the 3rd quarter. FMR LLC now owns 10,133,955 shares of the industrial products company’s stock valued at $225,785,000 after purchasing an additional 4,074,508 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Graphic Packaging by 75.5% during the 2nd quarter. State Street Corp now owns 8,459,730 shares of the industrial products company’s stock valued at $203,770,000 after purchasing an additional 3,639,876 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

Graphic Packaging Price Performance

NYSE:GPK opened at $27.58 on Tuesday. Graphic Packaging Holding has a 52 week low of $20.07 and a 52 week high of $29.50. The company has a quick ratio of 0.42, a current ratio of 1.10 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $8.47 billion, a PE ratio of 11.73 and a beta of 0.84. The stock’s 50-day moving average price is $26.98 and its 200-day moving average price is $24.61.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data 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 return on equity of 35.66% and a net margin of 7.67%. The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the firm posted $0.59 EPS. Graphic Packaging’s revenue was down 5.7% compared to the same quarter last year. As a group, equities analysts expect that Graphic Packaging Holding will post 2.71 EPS for the current fiscal year.

Graphic Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, March 14th. Graphic Packaging’s payout ratio is 17.02%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

GPK has been the subject of several analyst reports. Robert W. Baird increased their price objective on Graphic Packaging from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Citigroup lifted their price objective on Graphic Packaging from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. StockNews.com lowered Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $21.00 price objective on shares of Graphic Packaging in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.44.

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.