Graphic Packaging Holding (NYSE:GPK) Stock Position Raised by First Trust Advisors LP

First Trust Advisors LP lifted its stake in shares of Graphic Packaging Holding (NYSE:GPKFree Report) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,004,749 shares of the industrial products company’s stock after purchasing an additional 61,698 shares during the period. First Trust Advisors LP owned approximately 0.33% of Graphic Packaging worth $24,767,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Wellington Management Group LLP grew its stake in Graphic Packaging by 5.2% in the 3rd quarter. Wellington Management Group LLP now owns 12,681,314 shares of the industrial products company’s stock valued at $282,540,000 after buying an additional 628,663 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of Graphic Packaging by 10.3% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 12,207,562 shares of the industrial products company’s stock worth $271,984,000 after purchasing an additional 1,138,587 shares during the period. FMR LLC lifted its position 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 worth $225,785,000 after purchasing an additional 4,074,508 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Graphic Packaging by 14.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,951,542 shares of the industrial products company’s stock valued at $220,656,000 after purchasing an additional 1,134,410 shares during the period. Finally, Shapiro Capital Management LLC grew its holdings in Graphic Packaging by 9.7% in the 3rd quarter. Shapiro Capital Management LLC now owns 8,241,889 shares of the industrial products company’s stock valued at $183,629,000 after buying an additional 727,107 shares during the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Graphic Packaging Trading Down 0.9 %

GPK stock opened at $27.07 on Tuesday. Graphic Packaging Holding has a 1-year low of $20.07 and a 1-year high of $29.50. The company has a current ratio of 1.24, a quick ratio of 0.52 and a debt-to-equity ratio of 1.72. The business’s 50 day moving average is $27.70 and its 200-day moving average is $26.28. The firm has a market cap of $8.32 billion, a P/E ratio of 12.25, a P/E/G ratio of 10.09 and a beta of 0.87.

Graphic Packaging (NYSE:GPKGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.66 earnings per share for the quarter, beating 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 firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the prior year, the business posted $0.77 earnings per share. The business’s revenue was down 7.3% compared to the same quarter last year. Equities analysts anticipate that Graphic Packaging Holding will post 2.65 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Saturday, June 15th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.48%. The ex-dividend date is Friday, June 14th. Graphic Packaging’s dividend payout ratio is currently 18.10%.

Analyst Upgrades and Downgrades

GPK has been the subject of several research 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 research report on Thursday, February 22nd. StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Wells Fargo & Company reiterated an “underweight” rating and issued a $21.00 target price on shares of Graphic Packaging in a research note on Monday, April 1st. Finally, Citigroup boosted their price target on Graphic Packaging from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $28.13.

View Our Latest Analysis on GPK

Graphic Packaging Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Graphic Packaging (NYSE:GPK)

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