Massachusetts Financial Services Co. MA Has $162.05 Million Holdings in Graphic Packaging Holding Company $GPK

Massachusetts Financial Services Co. MA lessened its position in shares of Graphic Packaging Holding Company (NYSE:GPK) by 4.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,760,219 shares of the industrial products company’s stock after selling 462,033 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 3.65% of Graphic Packaging worth $162,049,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP increased its position in Graphic Packaging by 282.0% during the 3rd quarter. Quarry LP now owns 1,547 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 1,142 shares during the period. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Graphic Packaging during the 3rd quarter valued at approximately $31,000. MassMutual Private Wealth & Trust FSB increased its position in Graphic Packaging by 649.6% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,039 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 1,767 shares during the period. Global Retirement Partners LLC increased its position in Graphic Packaging by 65.2% during the 3rd quarter. Global Retirement Partners LLC now owns 2,291 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 904 shares during the period. Finally, Danske Bank A S acquired a new stake in Graphic Packaging during the 3rd quarter valued at approximately $45,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Insider Activity

In other news, CEO Robbert Rietbroek bought 44,278 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were bought at an average cost of $11.32 per share, for a total transaction of $501,226.96. Following the acquisition, the chief executive officer directly owned 44,278 shares in the company, valued at approximately $501,226.96. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.41% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GPK shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Graphic Packaging in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft assumed coverage on Graphic Packaging in a report on Wednesday, April 1st. They set a “hold” rating and a $9.60 price target on the stock. Wells Fargo & Company reduced their price objective on shares of Graphic Packaging from $11.00 to $9.00 and set an “underweight” rating for the company in a research report on Friday, March 20th. Truist Financial set a $14.00 price objective on shares of Graphic Packaging in a research report on Wednesday, February 4th. Finally, Citigroup reduced their price objective on shares of Graphic Packaging from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Nine research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Graphic Packaging currently has an average rating of “Reduce” and an average target price of $14.51.

Graphic Packaging Stock Performance

Shares of GPK stock opened at $9.66 on Monday. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 6.52 and a beta of 0.69. Graphic Packaging Holding Company has a 52 week low of $8.78 and a 52 week high of $25.81. The company has a quick ratio of 0.52, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The firm has a 50 day moving average of $11.05 and a 200-day moving average of $14.43.

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

Graphic Packaging Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Sunday, March 15th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Friday, March 13th. Graphic Packaging’s dividend payout ratio (DPR) is currently 29.73%.

About Graphic Packaging

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.