Flputnam Investment Management Co. Has $4.09 Million Stock Position in Graphic Packaging Holding (NYSE:GPK)

Flputnam Investment Management Co. reduced its position in Graphic Packaging Holding (NYSE:GPK) by 0.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 165,939 shares of the industrial products company’s stock after selling 600 shares during the period. Flputnam Investment Management Co.’s holdings in Graphic Packaging were worth $4,090,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Advisory Services Network LLC boosted its stake in shares of Graphic Packaging by 13.6% in the first quarter. Advisory Services Network LLC now owns 3,600 shares of the industrial products company’s stock valued at $92,000 after buying an additional 431 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of Graphic Packaging by 4.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 10,648 shares of the industrial products company’s stock valued at $271,000 after buying an additional 483 shares during the period. DAVENPORT & Co LLC boosted its stake in shares of Graphic Packaging by 3.6% in the third quarter. DAVENPORT & Co LLC now owns 14,391 shares of the industrial products company’s stock valued at $321,000 after buying an additional 500 shares during the period. Clear Harbor Asset Management LLC boosted its stake in shares of Graphic Packaging by 1.5% in the fourth quarter. Clear Harbor Asset Management LLC now owns 33,310 shares of the industrial products company’s stock valued at $821,000 after buying an additional 506 shares during the period. Finally, Baird Financial Group Inc. boosted its stake in shares of Graphic Packaging by 0.9% in the second quarter. Baird Financial Group Inc. now owns 56,009 shares of the industrial products company’s stock valued at $1,346,000 after buying an additional 508 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GPK has been the subject of several recent research reports. Citigroup boosted their price target on Graphic Packaging from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Wells Fargo & Company restated an “underweight” rating and set a $21.00 price objective on shares of Graphic Packaging in a research report on Monday, April 1st. Robert W. Baird boosted their price objective on shares of Graphic Packaging from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Finally, StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. One investment 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, the company has an average rating of “Hold” and an average price target of $28.44.

Graphic Packaging Trading Down 1.1 %

NYSE GPK traded down $0.30 on Tuesday, reaching $27.27. The company had a trading volume of 173,626 shares, compared to its average volume of 2,832,072. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 11.73 and a beta of 0.84. Graphic Packaging Holding has a fifty-two week low of $20.07 and a fifty-two week high of $29.50. The business has a 50 day moving average of $26.98 and a two-hundred day moving average of $24.61. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.10 and a quick ratio of 0.42.

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, beating analysts’ consensus estimates of $0.69 by $0.06. The business had revenue of $2.25 billion during 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%. Graphic Packaging’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 earnings per share. Analysts forecast that Graphic Packaging Holding will post 2.71 EPS for the current year.

Graphic Packaging Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Joseph P. Yost sold 70,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were 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 directly owns 205,231 shares in the company, valued at $5,377,052.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by company 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.