Graphic Packaging Holding Company $GPK Stock Holdings Lowered by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its stake in Graphic Packaging Holding Company (NYSE:GPK) by 74.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,167,697 shares of the industrial products company’s stock after selling 9,073,250 shares during the quarter. Victory Capital Management Inc. owned approximately 1.07% of Graphic Packaging worth $61,992,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GPK. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Graphic Packaging during the 3rd quarter worth about $31,000. Hantz Financial Services Inc. increased its stake in shares of Graphic Packaging by 1,356.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,791 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 1,668 shares during the last quarter. Operose Advisors LLC bought a new stake in Graphic Packaging in the second quarter worth $42,000. Global Retirement Partners LLC raised its holdings in Graphic Packaging by 65.2% during the third quarter. Global Retirement Partners LLC now owns 2,291 shares of the industrial products company’s stock valued at $45,000 after buying an additional 904 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Graphic Packaging in the third quarter worth about $49,000. 99.67% of the stock is owned by hedge funds and other institutional investors.

Graphic Packaging Stock Up 1.1%

NYSE:GPK opened at $11.24 on Friday. The stock 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 52-week low of $10.73 and a 52-week high of $28.19. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.52 and a current ratio of 1.30. The company has a market cap of $3.32 billion, a PE ratio of 7.59 and a beta of 0.65.

Graphic Packaging (NYSE:GPK) last posted its earnings results on Monday, March 2nd. The industrial products company reported $0.24 earnings per share for the quarter. Graphic Packaging had a return on equity of 16.58% and a net margin of 5.15%.The business had revenue of $2.10 billion for the quarter. On average, sell-side analysts expect that Graphic Packaging Holding Company will post 2.47 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders 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 yield of 3.9%. The ex-dividend date is Friday, March 13th. Graphic Packaging’s dividend payout ratio is presently 29.73%.

Insider Buying and Selling at Graphic Packaging

In other Graphic Packaging news, CEO Robbert Rietbroek acquired 44,278 shares of Graphic Packaging stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average cost of $11.32 per share, with a total value of $501,226.96. Following the completion of the purchase, the chief executive officer directly owned 44,278 shares of the company’s stock, valued at $501,226.96. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.41% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Royal Bank Of Canada set a $13.00 target price on Graphic Packaging in a research report on Wednesday, February 4th. Robert W. Baird set a $15.00 target price on shares of Graphic Packaging in a research note on Wednesday, February 4th. UBS Group lowered their price target on Graphic Packaging from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Monday, January 12th. Citigroup decreased their price objective on Graphic Packaging from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Finally, Zacks Research downgraded shares of Graphic Packaging from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Eight investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $16.63.

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.