Graphic Packaging Holding (NYSE:GPK) Shares Sold by American International Group Inc.

American International Group Inc. decreased its position in Graphic Packaging Holding (NYSE:GPKFree Report) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 414,811 shares of the industrial products company’s stock after selling 19,452 shares during the quarter. American International Group Inc. owned about 0.14% of Graphic Packaging worth $10,225,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GPK. Principal Securities Inc. acquired a new stake in shares of Graphic Packaging during the fourth quarter worth $26,000. GAMMA Investing LLC acquired a new stake in shares of Graphic Packaging during the fourth quarter worth $44,000. CVA Family Office LLC acquired a new stake in shares of Graphic Packaging during the fourth quarter worth $62,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Graphic Packaging during the fourth quarter worth $64,000. Finally, Quadrant Capital Group LLC raised its position in shares of Graphic Packaging by 56.2% during the fourth quarter. Quadrant Capital Group LLC now owns 3,244 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 1,167 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Stock Performance

Shares of GPK stock opened at $27.32 on Friday. The firm has a market cap of $8.40 billion, a P/E ratio of 12.36, a PEG ratio of 10.05 and a beta of 0.87. The stock’s 50-day moving average is $27.73 and its two-hundred day moving average is $26.19. Graphic Packaging Holding has a fifty-two week low of $20.07 and a fifty-two week high of $29.50. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.24 and a quick ratio of 0.52.

Graphic Packaging (NYSE:GPKGet Free Report) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. Graphic Packaging had a return on equity of 32.55% and a net margin of 7.36%. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the prior year, the company earned $0.77 EPS. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. Analysts predict that Graphic Packaging Holding will post 2.65 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 Friday, July 5th. Investors of record on Saturday, June 15th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, June 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.46%. Graphic Packaging’s dividend payout ratio (DPR) is presently 18.10%.

Wall Street Analyst Weigh In

GPK has been the topic of several recent analyst reports. Wells Fargo & Company reissued an “underweight” rating and set a $21.00 price target on shares of Graphic Packaging in a research report on Monday, April 1st. Robert W. Baird upped their price target on Graphic Packaging from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. StockNews.com lowered Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Citigroup upped their price target on Graphic Packaging from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $28.13.

Get Our Latest Stock Analysis on Graphic Packaging

Graphic Packaging Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Graphic Packaging (NYSE:GPK)

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