Massachusetts Financial Services Co. MA Has $284.20 Million Position in Graphic Packaging Holding (NYSE:GPK)

Massachusetts Financial Services Co. MA increased its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 0.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,604,420 shares of the industrial products company’s stock after buying an additional 3,820 shares during the period. Massachusetts Financial Services Co. MA owned about 3.20% of Graphic Packaging worth $284,195,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its position in shares of Graphic Packaging by 24.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company’s stock worth $437,945,000 after acquiring an additional 2,927,344 shares during the last quarter. American Century Companies Inc. raised its holdings in Graphic Packaging by 41.9% during the 2nd quarter. American Century Companies Inc. now owns 12,115,566 shares of the industrial products company’s stock worth $317,549,000 after purchasing an additional 3,576,877 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Graphic Packaging by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,054,530 shares of the industrial products company’s stock worth $158,693,000 after purchasing an additional 362,509 shares during the period. Premier Fund Managers Ltd boosted its stake in shares of Graphic Packaging by 9.6% in the 3rd quarter. Premier Fund Managers Ltd now owns 3,441,614 shares of the industrial products company’s stock valued at $101,545,000 after purchasing an additional 302,680 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its position in shares of Graphic Packaging by 9.7% during the second quarter. Thompson Siegel & Walmsley LLC now owns 3,093,537 shares of the industrial products company’s stock worth $81,082,000 after buying an additional 274,449 shares during the period. 99.67% of the stock is owned by institutional investors.

Insider Buying and Selling at Graphic Packaging

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of Graphic Packaging 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 directly owns 81,026 shares of the company’s stock, valued at $2,348,943.74. The trade was a 24.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

GPK has been the topic of a number of research analyst reports. Royal Bank of Canada cut their price target on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Robert W. Baird upped their target price on Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. StockNews.com downgraded Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Wells Fargo & Company increased their price target on Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a report on Wednesday, July 31st. Finally, Truist Financial lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating and lowered their price objective for the company from $32.00 to $30.00 in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Graphic Packaging presently has an average rating of “Hold” and a consensus price target of $31.53.

Graphic Packaging Trading Up 1.6 %

Shares of Graphic Packaging stock opened at $29.27 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.72 and a current ratio of 1.73. Graphic Packaging Holding has a 52 week low of $22.12 and a 52 week high of $30.70. The stock has a 50 day moving average price of $29.16 and a two-hundred day moving average price of $28.34. The stock has a market capitalization of $8.79 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 10.98 and a beta of 0.83.

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

Graphic Packaging Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, January 5th. Investors 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 annualized dividend and a yield of 1.37%. Graphic Packaging’s payout ratio is 17.09%.

Graphic Packaging 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.