Seelaus Asset Management LLC Sells 2,525 Shares of Graphic Packaging Holding (NYSE:GPK)

Seelaus Asset Management LLC lowered its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 13.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 16,320 shares of the industrial products company’s stock after selling 2,525 shares during the period. Seelaus Asset Management LLC’s holdings in Graphic Packaging were worth $483,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. American Century Companies Inc. raised its stake 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 in the last quarter. Allspring Global Investments Holdings LLC increased its position in Graphic Packaging by 24.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company’s stock worth $437,945,000 after purchasing an additional 2,927,344 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Graphic Packaging by 7.9% in the 2nd 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. boosted its position in Graphic Packaging by 33.2% in the second quarter. Sei Investments Co. now owns 1,719,878 shares of the industrial products company’s stock valued at $45,078,000 after buying an additional 428,278 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of Graphic Packaging by 171.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 603,023 shares of the industrial products company’s stock worth $17,631,000 after buying an additional 381,112 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity

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

Graphic Packaging Stock Performance

Shares of GPK stock opened at $28.25 on Friday. The stock has a market capitalization of $8.48 billion, a PE ratio of 12.07, a PEG ratio of 11.13 and a beta of 0.83. The business’s 50 day simple moving average is $29.23 and its 200 day simple moving average is $28.29. 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 Holding has a one year low of $22.04 and a one year high of $30.70.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data 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 net margin of 7.99% and a return on equity of 28.26%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. As a group, research analysts forecast that Graphic Packaging Holding will post 2.52 earnings per share for the current year.

Graphic Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Friday, December 13th. Graphic Packaging’s dividend payout ratio (DPR) is presently 17.09%.

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.