Vanguard Personalized Indexing Management LLC Buys 22,943 Shares of Graphic Packaging Holding (NYSE:GPK)

Vanguard Personalized Indexing Management LLC raised its stake in shares of Graphic Packaging Holding (NYSE:GPKFree Report) by 82.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,914 shares of the industrial products company’s stock after acquiring an additional 22,943 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Graphic Packaging were worth $1,255,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its holdings in shares of Graphic Packaging by 14.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,951,542 shares of the industrial products company’s stock valued at $220,656,000 after acquiring an additional 1,134,410 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Graphic Packaging by 6.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,730,425 shares of the industrial products company’s stock valued at $141,259,000 after acquiring an additional 328,258 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of Graphic Packaging by 75.9% during the fourth quarter. QRG Capital Management Inc. now owns 18,410 shares of the industrial products company’s stock valued at $454,000 after acquiring an additional 7,941 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Graphic Packaging by 53.1% during the fourth quarter. BNP Paribas Financial Markets now owns 132,270 shares of the industrial products company’s stock valued at $3,260,000 after acquiring an additional 45,890 shares during the period. Finally, Principal Securities Inc. bought a new position in shares of Graphic Packaging during the fourth quarter valued at $26,000. 99.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GPK has been the subject of a number of research analyst reports. StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Citigroup lifted their price target on Graphic Packaging from $32.00 to $34.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $21.00 price target on shares of Graphic Packaging in a report on Monday, April 1st. Finally, Robert W. Baird lifted their price target on Graphic Packaging from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $28.13.

Read Our Latest Research Report on Graphic Packaging

Insider Buying and Selling

In other news, EVP Joseph P. Yost sold 70,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $26.20, for a total transaction 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 approximately $5,377,052.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

Graphic Packaging Price Performance

Shares of GPK stock opened at $28.13 on Friday. The stock has a 50-day moving average price of $27.87 and a 200 day moving average price of $25.62. The company has a quick ratio of 0.52, a current ratio of 1.24 and a debt-to-equity ratio of 1.72. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 0.42 and a beta of 0.86. Graphic Packaging Holding has a 12 month low of $20.07 and a 12 month high of $29.50.

Graphic Packaging (NYSE:GPKGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.38 billion. Graphic Packaging had a return on equity of 32.55% and a net margin of 7.36%. The company’s revenue was down 7.3% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. Research analysts expect that Graphic Packaging Holding will post 2.69 EPS for the current year.

About Graphic Packaging

(Free Report)

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.

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Institutional Ownership by Quarter for Graphic Packaging (NYSE:GPK)

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