Graphic Packaging Holding (NYSE:GPK) Position Trimmed by Wellington Management Group LLP

Wellington Management Group LLP trimmed its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 5.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,511,456 shares of the industrial products company’s stock after selling 570,111 shares during the period. Wellington Management Group LLP owned about 3.50% of Graphic Packaging worth $311,034,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in Graphic Packaging by 546.6% during the third quarter. UMB Bank n.a. now owns 944 shares of the industrial products company’s stock worth $28,000 after buying an additional 798 shares in the last quarter. Truvestments Capital LLC bought a new stake in Graphic Packaging during the third quarter worth approximately $30,000. Atlas Capital Advisors LLC bought a new stake in Graphic Packaging during the second quarter worth approximately $88,000. GAMMA Investing LLC boosted its holdings in Graphic Packaging by 57.0% during the third quarter. GAMMA Investing LLC now owns 4,308 shares of the industrial products company’s stock worth $127,000 after buying an additional 1,564 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in Graphic Packaging by 13.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,816 shares of the industrial products company’s stock worth $152,000 after buying an additional 699 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GPK has been the subject of a number of recent analyst reports. Truist Financial lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $32.00 to $30.00 in a research note on Wednesday, October 30th. Royal Bank of Canada decreased their price objective on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Finally, StockNews.com lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $31.53.

Graphic Packaging Stock Up 1.1 %

GPK stock opened at $29.53 on Friday. Graphic Packaging Holding has a 12-month low of $22.76 and a 12-month high of $30.70. The company has a quick ratio of 0.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.78. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 11.58 and a beta of 0.83. The company has a 50 day moving average of $29.18 and a two-hundred day moving average of $28.50.

Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the previous year, the company earned $0.74 EPS. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. On average, equities analysts anticipate that Graphic Packaging Holding will post 2.52 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, January 5th. Shareholders of record on Sunday, December 15th will be given a $0.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a yield of 1.35%. Graphic Packaging’s payout ratio is 17.09%.

Insiders Place Their Bets

In other news, EVP Michael James Farrell sold 25,900 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total transaction of $750,841.00. Following the transaction, the executive vice president now owns 81,026 shares in the company, valued at approximately $2,348,943.74. This trade represents a 24.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Charles D. Lischer sold 12,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $29.65, for a total transaction of $355,800.00. Following the transaction, the chief accounting officer now owns 49,849 shares in the company, valued at $1,478,022.85. This represents a 19.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

About Graphic Packaging

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.