Massachusetts Financial Services Co. MA Boosts Holdings in Graphic Packaging Holding (NYSE:GPK)

Massachusetts Financial Services Co. MA raised its stake in Graphic Packaging Holding (NYSE:GPK) by 0.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,604,420 shares of the industrial products company’s stock after acquiring an additional 3,820 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Graphic Packaging were worth $284,195,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. CreativeOne Wealth LLC purchased a new stake in shares of Graphic Packaging during the first quarter worth $211,000. LRI Investments LLC purchased a new stake in Graphic Packaging during the 1st quarter worth about $38,000. PEAK6 Investments LLC lifted its holdings in Graphic Packaging by 119.5% during the 1st quarter. PEAK6 Investments LLC now owns 7,295 shares of the industrial products company’s stock worth $213,000 after purchasing an additional 44,781 shares in the last quarter. Mount Yale Investment Advisors LLC grew its holdings in Graphic Packaging by 40.7% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 11,628 shares of the industrial products company’s stock valued at $339,000 after buying an additional 3,361 shares in the last quarter. Finally, Perbak Capital Partners LLP purchased a new position in Graphic Packaging during the 1st quarter valued at about $6,945,000. 99.67% of the stock is owned by institutional investors.

Graphic Packaging Price Performance

GPK opened at $29.27 on Friday. The firm has a market cap of $8.79 billion, a PE ratio of 12.51, a P/E/G ratio of 10.98 and a beta of 0.83. The stock has a 50-day moving average price of $29.16 and a 200-day moving average price of $28.34. Graphic Packaging Holding has a 1 year low of $22.12 and a 1 year high of $30.70. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72.

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

Graphic Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, January 5th. Investors of record on Sunday, December 15th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Friday, December 13th. Graphic Packaging’s dividend payout ratio (DPR) is presently 17.09%.

Analyst Ratings Changes

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

Insider Buying and Selling at Graphic Packaging

In related news, EVP Michael James Farrell sold 25,900 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total value of $750,841.00. Following the completion of the transaction, the executive vice president now owns 81,026 shares of the company’s stock, valued at approximately $2,348,943.74. This represents a 24.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.20% of the stock is owned by corporate insiders.

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.