Dimensional Fund Advisors LP Grows Stock Position in Graphic Packaging Holding Company $GPK

Dimensional Fund Advisors LP increased its stake in shares of Graphic Packaging Holding Company (NYSE:GPK) by 10.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,903,921 shares of the industrial products company’s stock after purchasing an additional 964,517 shares during the quarter. Dimensional Fund Advisors LP owned 3.36% of Graphic Packaging worth $193,811,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Graphic Packaging in the 3rd quarter valued at about $31,000. Operose Advisors LLC purchased a new stake in shares of Graphic Packaging during the second quarter worth approximately $42,000. Global Retirement Partners LLC raised its holdings in Graphic Packaging by 65.2% in the third quarter. Global Retirement Partners LLC now owns 2,291 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 904 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Graphic Packaging in the third quarter valued at approximately $49,000. Finally, State of Wyoming lifted its stake in Graphic Packaging by 96.1% in the second quarter. State of Wyoming now owns 3,527 shares of the industrial products company’s stock worth $74,000 after acquiring an additional 1,728 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Stock Performance

Shares of GPK opened at $11.24 on Monday. The stock has a market capitalization of $3.32 billion, a P/E ratio of 7.59 and a beta of 0.65. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.52 and a current ratio of 1.30. Graphic Packaging Holding Company has a 1 year low of $10.73 and a 1 year high of $28.19. The company’s fifty day moving average is $13.85 and its two-hundred day moving average is $16.44.

Graphic Packaging (NYSE:GPK) last released its earnings results on Monday, March 2nd. The industrial products company reported $0.24 EPS for the quarter. Graphic Packaging had a net margin of 5.15% and a return on equity of 16.58%. The company had revenue of $2.10 billion during the quarter. On average, sell-side analysts predict that Graphic Packaging Holding Company will post 2.47 earnings per share for the current year.

Graphic Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Sunday, March 15th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, March 13th. Graphic Packaging’s payout ratio is currently 29.73%.

Insider Transactions at Graphic Packaging

In other Graphic Packaging news, CEO Robbert Rietbroek bought 44,278 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were bought at an average price of $11.32 per share, for a total transaction of $501,226.96. Following the transaction, the chief executive officer owned 44,278 shares of the company’s stock, valued at approximately $501,226.96. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.41% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Zacks Research cut shares of Graphic Packaging from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Graphic Packaging in a research report on Monday, December 29th. Robert W. Baird set a $15.00 target price on shares of Graphic Packaging in a research note on Wednesday, February 4th. Truist Financial set a $14.00 target price on Graphic Packaging in a report on Wednesday, February 4th. Finally, Citigroup cut their price target on Graphic Packaging from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Eight research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $16.63.

Graphic Packaging Profile

Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.

Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.