Graphic Packaging Holding (NYSE:GPK) Shares Sold by Nilsine Partners LLC

Nilsine Partners LLC cut its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 10.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,211 shares of the industrial products company’s stock after selling 1,000 shares during the quarter. Nilsine Partners LLC’s holdings in Graphic Packaging were worth $240,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GPK. Massachusetts Financial Services Co. MA boosted its position in shares of Graphic Packaging by 21.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,817,132 shares of the industrial products company’s stock worth $174,166,000 after buying an additional 1,354,359 shares during the period. LSV Asset Management boosted its position in shares of Graphic Packaging by 3.4% in the third quarter. LSV Asset Management now owns 5,084,404 shares of the industrial products company’s stock worth $113,281,000 after buying an additional 169,395 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Graphic Packaging in the third quarter worth $883,000. Bridgewater Advisors Inc. acquired a new stake in shares of Graphic Packaging in the third quarter worth $1,380,000. Finally, Campbell & CO Investment Adviser LLC boosted its position in shares of Graphic Packaging by 248.3% in the third quarter. Campbell & CO Investment Adviser LLC now owns 32,028 shares of the industrial products company’s stock worth $714,000 after buying an additional 22,832 shares during the period. 99.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Graphic Packaging news, EVP Joseph P. Yost sold 70,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $26.20, for a total value of $1,834,000.00. Following the completion of the transaction, the executive vice president now owns 205,231 shares of the company’s stock, valued at approximately $5,377,052.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GPK. Citigroup lifted their price objective on Graphic Packaging from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Robert W. Baird lifted their price objective on Graphic Packaging from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Wells Fargo & Company reissued an “underweight” rating and set a $21.00 price objective on shares of Graphic Packaging in a research report on Monday, April 1st. Finally, StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.44.

Graphic Packaging Stock Down 7.1 %

NYSE GPK traded down $1.98 during trading on Tuesday, hitting $25.85. 8,593,288 shares of the company traded hands, compared to its average volume of 2,860,203. Graphic Packaging Holding has a 12 month low of $20.07 and a 12 month high of $29.50. The company has a current ratio of 1.10, a quick ratio of 0.42 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $7.94 billion, a P/E ratio of 11.00 and a beta of 0.84. The business has a fifty day simple moving average of $27.51 and a 200 day simple moving average of $25.05.

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

Graphic Packaging Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.55%. Graphic Packaging’s dividend payout ratio is presently 17.02%.

Graphic Packaging Company 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.