Federated Hermes Inc. Has $3.94 Million Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Federated Hermes Inc. decreased its position in shares of Graphic Packaging Holding (NYSE:GPK) by 20.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,994 shares of the industrial products company’s stock after selling 40,855 shares during the period. Federated Hermes Inc. owned 0.05% of Graphic Packaging worth $3,944,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Graphic Packaging by 3.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 72,440 shares of the industrial products company’s stock worth $1,786,000 after acquiring an additional 2,750 shares during the last quarter. Strs Ohio increased its holdings in shares of Graphic Packaging by 2.5% during the 4th quarter. Strs Ohio now owns 178,132 shares of the industrial products company’s stock worth $4,390,000 after purchasing an additional 4,325 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Graphic Packaging during the fourth quarter valued at about $2,120,000. Seelaus Asset Management LLC grew its position in Graphic Packaging by 2.4% during the fourth quarter. Seelaus Asset Management LLC now owns 26,627 shares of the industrial products company’s stock worth $656,000 after buying an additional 619 shares in the last quarter. Finally, Custom Index Systems LLC bought a new position in Graphic Packaging during the fourth quarter valued at about $302,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

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

Graphic Packaging Price Performance

NYSE:GPK opened at $27.53 on Friday. The firm has a market cap of $8.46 billion, a PE ratio of 11.71 and a beta of 0.84. The company’s 50-day moving average price is $27.37 and its two-hundred day moving average price is $24.87. The company has a quick ratio of 0.42, a current ratio of 1.10 and a debt-to-equity ratio of 1.66. Graphic Packaging Holding has a 12 month low of $20.07 and a 12 month high of $29.50.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Graphic Packaging had a return on equity of 35.66% and a net margin of 7.67%. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the company earned $0.59 EPS. Graphic Packaging’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, equities analysts anticipate that Graphic Packaging Holding will post 2.7 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

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

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.