Graphic Packaging Holding Company (NYSE:GPK) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its stake in shares of Graphic Packaging Holding Company (NYSE:GPK) by 0.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,020,260 shares of the industrial products company’s stock after selling 17,972 shares during the period. Charles Schwab Investment Management Inc. owned 1.00% of Graphic Packaging worth $78,406,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Teacher Retirement System of Texas raised its holdings in Graphic Packaging by 75.3% in the 1st quarter. Teacher Retirement System of Texas now owns 50,534 shares of the industrial products company’s stock valued at $1,312,000 after acquiring an additional 21,708 shares during the last quarter. New York State Teachers Retirement System raised its holdings in Graphic Packaging by 3.1% in the 1st quarter. New York State Teachers Retirement System now owns 221,927 shares of the industrial products company’s stock valued at $5,761,000 after acquiring an additional 6,623 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Graphic Packaging by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 35,155 shares of the industrial products company’s stock valued at $912,000 after acquiring an additional 935 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Graphic Packaging by 0.3% in the 4th quarter. Wells Fargo & Company MN now owns 194,467 shares of the industrial products company’s stock valued at $5,282,000 after acquiring an additional 608 shares during the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in Graphic Packaging by 23.3% in the 1st quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 98,889 shares of the industrial products company’s stock valued at $2,567,000 after acquiring an additional 18,668 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Royal Bank Of Canada cut their price objective on shares of Graphic Packaging from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, June 18th. UBS Group started coverage on shares of Graphic Packaging in a research note on Wednesday, June 4th. They issued a “neutral” rating and a $24.00 price target for the company. Truist Financial dropped their price target on shares of Graphic Packaging from $24.00 to $23.00 and set a “hold” rating for the company in a research note on Friday, July 11th. BNP Paribas Exane cut shares of Graphic Packaging from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 25th. Finally, Wells Fargo & Company increased their price target on shares of Graphic Packaging from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Graphic Packaging currently has an average rating of “Hold” and a consensus target price of $26.38.

Insider Buying and Selling at Graphic Packaging

In other Graphic Packaging news, Director Philip R. Martens sold 56,737 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $21.84, for a total transaction of $1,239,136.08. Following the sale, the director directly owned 33,826 shares in the company, valued at $738,759.84. This represents a 62.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.41% of the company’s stock.

Graphic Packaging Stock Performance

NYSE:GPK opened at $23.14 on Thursday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.56 and a current ratio of 1.43. The stock has a market capitalization of $6.86 billion, a P/E ratio of 13.07, a PEG ratio of 7.69 and a beta of 0.73. The company has a 50 day moving average price of $22.11 and a 200 day moving average price of $24.09. Graphic Packaging Holding Company has a fifty-two week low of $20.86 and a fifty-two week high of $30.70.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Graphic Packaging had a net margin of 6.18% and a return on equity of 21.13%. Equities research analysts forecast that Graphic Packaging Holding Company will post 2.47 EPS for the current year.

Graphic Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 5th. Investors of record on Monday, September 15th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.9%. Graphic Packaging’s dividend payout ratio (DPR) is presently 24.86%.

Graphic Packaging announced that its board has initiated a share buyback program on Thursday, May 1st that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the industrial products company to purchase up to 23.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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.