New York Life Investment Management LLC Has $788,000 Stock Position in Graphic Packaging Holding (NYSE:GPK)

New York Life Investment Management LLC lessened its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,976 shares of the industrial products company’s stock after selling 1,787 shares during the period. New York Life Investment Management LLC’s holdings in Graphic Packaging were worth $788,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the stock. Clear Harbor Asset Management LLC grew its position in shares of Graphic Packaging by 1.5% in the 4th quarter. Clear Harbor Asset Management LLC now owns 33,310 shares of the industrial products company’s stock valued at $821,000 after buying an additional 506 shares during the last quarter. Smithfield Trust Co lifted its stake in shares of Graphic Packaging by 12.0% in the third quarter. Smithfield Trust Co now owns 5,134 shares of the industrial products company’s stock worth $115,000 after acquiring an additional 552 shares during the period. Linden Thomas Advisory Services LLC boosted its holdings in Graphic Packaging by 1.7% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 35,752 shares of the industrial products company’s stock valued at $881,000 after acquiring an additional 594 shares during the last quarter. Seelaus Asset Management LLC increased its position in Graphic Packaging by 2.4% during the 4th quarter. Seelaus Asset Management LLC now owns 26,627 shares of the industrial products company’s stock valued at $656,000 after purchasing an additional 619 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in Graphic Packaging by 39.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,372 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 673 shares during the last quarter. 99.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

GPK has been the topic of a number of analyst reports. StockNews.com lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Wells Fargo & Company reaffirmed an “underweight” rating and set a $21.00 price target on shares of Graphic Packaging in a research report on Monday, April 1st. Citigroup lifted their price objective on Graphic Packaging from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Finally, Robert W. Baird raised their target price on Graphic Packaging from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Graphic Packaging currently has an average rating of “Hold” and a consensus target price of $28.13.

Graphic Packaging Stock Up 1.1 %

Shares of NYSE:GPK opened at $27.68 on Thursday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.52 and a current ratio of 1.24. Graphic Packaging Holding has a 52-week low of $20.07 and a 52-week high of $29.50. The business’s 50 day simple moving average is $27.60 and its two-hundred day simple moving average is $25.27. The firm has a market cap of $8.51 billion, a P/E ratio of 12.52, a PEG ratio of 0.40 and a beta of 0.86.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Graphic Packaging had a return on equity of 32.55% and a net margin of 7.36%. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same period last year, the business earned $0.77 EPS. Graphic Packaging’s quarterly revenue was down 7.3% compared to the same quarter last year. As a group, research analysts forecast that Graphic Packaging Holding will post 2.69 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 given a $0.10 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.40 annualized dividend and a yield of 1.45%. Graphic Packaging’s payout ratio is 18.10%.

Insider Buying and Selling at Graphic Packaging

In related 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 transaction of $1,834,000.00. Following the transaction, the executive vice president now directly owns 205,231 shares in the company, valued at $5,377,052.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.

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.