Graphic Packaging Holding (NYSE:GPK) Position Reduced by Schroder Investment Management Group

Schroder Investment Management Group lowered its stake in Graphic Packaging Holding (NYSE:GPK) by 3.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,168,997 shares of the industrial products company’s stock after selling 98,598 shares during the period. Schroder Investment Management Group’s holdings in Graphic Packaging were worth $85,943,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GPK. Picton Mahoney Asset Management increased its holdings in Graphic Packaging by 55.4% in the fourth quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company’s stock valued at $30,000 after buying an additional 394 shares during the last quarter. Crews Bank & Trust acquired a new position in shares of Graphic Packaging in the 4th quarter worth approximately $32,000. Avior Wealth Management LLC increased its holdings in shares of Graphic Packaging by 2,484.0% in the 4th quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 1,242 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Graphic Packaging by 92.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 689 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in Graphic Packaging by 58.2% during the fourth quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 549 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Truist Financial dropped their target price on shares of Graphic Packaging from $31.00 to $30.00 and set a “hold” rating on the stock in a report on Monday, March 24th. Citigroup reiterated a “neutral” rating and set a $30.00 price objective (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Wells Fargo & Company upgraded Graphic Packaging from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $24.00 to $27.00 in a research note on Monday, January 6th. Finally, Robert W. Baird dropped their price target on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $31.37.

Graphic Packaging Stock Performance

Shares of NYSE GPK opened at $26.11 on Monday. Graphic Packaging Holding has a 12-month low of $24.50 and a 12-month high of $30.70. The company has a market cap of $7.84 billion, a PE ratio of 12.09, a P/E/G ratio of 2.10 and a beta of 0.81. The stock has a 50 day simple moving average of $26.76 and a 200-day simple moving average of $28.04. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.04). Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the business earned $0.75 earnings per share. The company’s revenue was down 6.8% on a year-over-year basis. On average, equities research analysts forecast that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th will be issued a $0.11 dividend. This is a positive change from Graphic Packaging’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.69%. Graphic Packaging’s dividend payout ratio is 20.37%.

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.