Charles Schwab Investment Management Inc. Decreases Stock Position in Graphic Packaging Holding (NYSE:GPK)

Charles Schwab Investment Management Inc. lessened its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,034,142 shares of the industrial products company’s stock after selling 25,855 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Graphic Packaging were worth $89,780,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in GPK. American Century Companies Inc. boosted its position in Graphic Packaging by 41.9% during the second quarter. American Century Companies Inc. now owns 12,115,566 shares of the industrial products company’s stock worth $317,549,000 after acquiring an additional 3,576,877 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Graphic Packaging by 24.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company’s stock valued at $437,945,000 after purchasing an additional 2,927,344 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Graphic Packaging by 7.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,600,600 shares of the industrial products company’s stock valued at $251,632,000 after purchasing an additional 706,486 shares during the last quarter. Sei Investments Co. lifted its position in Graphic Packaging by 33.2% during the second quarter. Sei Investments Co. now owns 1,719,878 shares of the industrial products company’s stock worth $45,078,000 after buying an additional 428,278 shares during the period. Finally, Ceredex Value Advisors LLC acquired a new stake in Graphic Packaging in the 3rd quarter worth about $11,079,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Trading Up 0.0 %

Shares of GPK opened at $29.61 on Wednesday. Graphic Packaging Holding has a 12 month low of $22.12 and a 12 month high of $30.70. The stock’s 50-day moving average is $29.14 and its two-hundred day moving average is $28.38. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72. The stock has a market cap of $8.89 billion, a PE ratio of 12.65, a P/E/G ratio of 11.38 and a beta of 0.83.

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

Graphic Packaging Dividend Announcement

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

Insider Activity at Graphic Packaging

In other news, EVP Michael James Farrell sold 25,900 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total value of $750,841.00. Following the transaction, the executive vice president now directly 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 filing with the SEC, which can be accessed through the SEC website. Also, CAO Charles D. Lischer sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $29.65, for a total value of $355,800.00. Following the completion of the sale, the chief accounting officer now directly owns 49,849 shares in the company, valued at approximately $1,478,022.85. This trade represents a 19.40 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Truist Financial lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating and cut their price objective for the stock from $32.00 to $30.00 in a report on Wednesday, October 30th. Robert W. Baird lifted their price target on shares of Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Royal Bank of Canada dropped their price objective on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Wells Fargo & Company lifted their target price on Graphic Packaging from $21.00 to $24.00 and gave the company an “underweight” rating in a report on Wednesday, July 31st. Finally, StockNews.com downgraded Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $31.53.

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.