9,983 Shares in Graphic Packaging Holding (NYSE:GPK) Purchased by OLD National Bancorp IN

OLD National Bancorp IN acquired a new position in Graphic Packaging Holding (NYSE:GPK) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 9,983 shares of the industrial products company’s stock, valued at approximately $246,000.

A number of other large investors also recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in shares of Graphic Packaging by 5.2% in the 3rd quarter. Wellington Management Group LLP now owns 12,681,314 shares of the industrial products company’s stock worth $282,540,000 after purchasing an additional 628,663 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Graphic Packaging by 10.3% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 12,207,562 shares of the industrial products company’s stock valued at $271,984,000 after buying an additional 1,138,587 shares during the period. FMR LLC raised its holdings in shares of Graphic Packaging by 67.2% during the 3rd quarter. FMR LLC now owns 10,133,955 shares of the industrial products company’s stock valued at $225,785,000 after buying an additional 4,074,508 shares during the period. Shapiro Capital Management LLC raised its holdings in shares of Graphic Packaging by 9.7% during the 3rd quarter. Shapiro Capital Management LLC now owns 8,241,889 shares of the industrial products company’s stock valued at $183,629,000 after buying an additional 727,107 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Graphic Packaging by 21.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,817,132 shares of the industrial products company’s stock valued at $174,166,000 after buying an additional 1,354,359 shares during the period. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Graphic Packaging Price Performance

Shares of GPK opened at $27.30 on Friday. The firm has a market cap of $8.39 billion, a price-to-earnings ratio of 11.62 and a beta of 0.84. The stock has a 50 day moving average of $27.32 and a 200-day moving average of $24.86. The company has a current ratio of 1.10, a quick ratio of 0.42 and a debt-to-equity ratio of 1.66. Graphic Packaging Holding has a 52 week low of $20.07 and a 52 week high of $29.50.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.40 billion. Graphic Packaging had a return on equity of 35.66% and a net margin of 7.67%. The business’s revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. As a group, analysts forecast that Graphic Packaging Holding will post 2.7 EPS for the current year.

Graphic Packaging Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Thursday, March 14th. Graphic Packaging’s dividend payout ratio (DPR) is 17.02%.

Analyst Upgrades and Downgrades

GPK has been the topic of several analyst reports. Citigroup raised their target price on Graphic Packaging from $32.00 to $34.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Robert W. Baird raised their price objective on Graphic Packaging from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. StockNews.com lowered Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, Wells Fargo & Company restated an “underweight” rating and set a $21.00 price objective on shares of Graphic Packaging in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $28.44.

Insider Buying and Selling

In other Graphic Packaging news, EVP Joseph P. Yost sold 70,000 shares of Graphic Packaging stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $26.20, for a total transaction of $1,834,000.00. Following the sale, the executive vice president now owns 205,231 shares of the company’s stock, valued at approximately $5,377,052.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

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.