American Century Companies Inc. Has $449.65 Million Stock Position in Graphic Packaging Holding (NYSE:GPK)

American Century Companies Inc. boosted its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 7.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,555,660 shares of the industrial products company’s stock after acquiring an additional 1,206,295 shares during the quarter. American Century Companies Inc. owned 5.52% of Graphic Packaging worth $449,652,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. FMR LLC boosted its position in Graphic Packaging by 12.6% during the 3rd quarter. FMR LLC now owns 20,460,161 shares of the industrial products company’s stock worth $605,416,000 after acquiring an additional 2,294,688 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Graphic Packaging by 11.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company’s stock worth $441,990,000 after acquiring an additional 1,702,764 shares during the period. JPMorgan Chase & Co. boosted its position in Graphic Packaging by 8.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company’s stock worth $313,957,000 after acquiring an additional 787,266 shares during the period. Amundi boosted its position in Graphic Packaging by 6.7% during the 4th quarter. Amundi now owns 4,799,090 shares of the industrial products company’s stock worth $128,178,000 after acquiring an additional 302,168 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its position in Graphic Packaging by 1.1% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,738,589 shares of the industrial products company’s stock worth $74,380,000 after acquiring an additional 29,034 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Graphic Packaging Stock Down 2.6 %

Shares of GPK stock opened at $25.31 on Friday. The stock’s 50 day simple moving average is $26.93 and its 200 day simple moving average is $28.18. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46. Graphic Packaging Holding has a twelve month low of $25.13 and a twelve month high of $30.70. The company has a market capitalization of $7.60 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the business posted $0.75 earnings per share. The firm’s revenue was down 6.8% on a year-over-year basis. As a group, research analysts predict that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th will be given a $0.11 dividend. This is an increase from Graphic Packaging’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.74%. The ex-dividend date is Friday, March 14th. Graphic Packaging’s payout ratio is currently 20.37%.

Wall Street Analyst Weigh In

GPK has been the subject of a number of research reports. Wells Fargo & Company upgraded Graphic Packaging from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $24.00 to $27.00 in a research report on Monday, January 6th. Citigroup reiterated a “neutral” rating and set a $30.00 price target (down from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Truist Financial lifted their price target on Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a report on Monday, January 6th. Finally, Robert W. Baird reduced their price target on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $31.70.

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.