Graphic Packaging Holding Company $GPK Shares Sold by Carmel Capital Management L.L.C.

Carmel Capital Management L.L.C. lowered its stake in Graphic Packaging Holding Company (NYSE:GPK) by 18.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 308,050 shares of the industrial products company’s stock after selling 67,625 shares during the quarter. Graphic Packaging comprises about 1.8% of Carmel Capital Management L.L.C.’s portfolio, making the stock its 20th biggest holding. Carmel Capital Management L.L.C. owned about 0.10% of Graphic Packaging worth $6,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in GPK. Aptus Capital Advisors LLC lifted its holdings in Graphic Packaging by 14.1% during the 3rd quarter. Aptus Capital Advisors LLC now owns 287,025 shares of the industrial products company’s stock worth $5,617,000 after buying an additional 35,576 shares in the last quarter. Skba Capital Management LLC boosted its stake in shares of Graphic Packaging by 43.0% in the 3rd quarter. Skba Capital Management LLC now owns 44,303 shares of the industrial products company’s stock valued at $867,000 after buying an additional 13,320 shares during the period. Dimensional Fund Advisors LP grew its holdings in Graphic Packaging by 10.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 9,903,921 shares of the industrial products company’s stock worth $193,811,000 after acquiring an additional 964,517 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in shares of Graphic Packaging by 13.8% during the third quarter. Kingsview Wealth Management LLC now owns 448,918 shares of the industrial products company’s stock worth $8,785,000 after purchasing an additional 54,285 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in Graphic Packaging by 15.6% in the third quarter. Royce & Associates LP now owns 1,244,210 shares of the industrial products company’s stock valued at $24,349,000 after buying an additional 167,623 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Robert W. Baird set a $15.00 price target on Graphic Packaging in a report on Wednesday, February 4th. Royal Bank Of Canada set a $13.00 price target on Graphic Packaging in a report on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Graphic Packaging in a research note on Monday, December 29th. Zacks Research cut shares of Graphic Packaging from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 14th. Finally, Truist Financial set a $14.00 target price on shares of Graphic Packaging in a report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $16.63.

Insider Activity

In other news, CEO Robbert Rietbroek purchased 44,278 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was purchased at an average cost of $11.32 per share, with a total value of $501,226.96. Following the completion of the acquisition, the chief executive officer directly 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 filing with the SEC, which is accessible through this hyperlink. 1.41% of the stock is currently owned by company insiders.

Graphic Packaging Price Performance

Graphic Packaging stock opened at $11.24 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 0.52. The business has a 50 day simple moving average of $13.85 and a 200-day simple moving average of $16.53. Graphic Packaging Holding Company has a 12 month low of $10.73 and a 12 month high of $28.19. The stock has a market capitalization of $3.32 billion, a PE ratio of 7.59 and a beta of 0.65.

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

Graphic Packaging Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Sunday, March 15th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, March 13th. Graphic Packaging’s payout ratio is 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.