Graphic Packaging Holding (NYSE:GPK) Stake Trimmed by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning lowered its stake in Graphic Packaging Holding (NYSE:GPK) by 34.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,848 shares of the industrial products company’s stock after selling 3,555 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Graphic Packaging were worth $200,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Rise Advisors LLC purchased a new position in Graphic Packaging in the 1st quarter worth about $26,000. Principal Securities Inc. purchased a new position in Graphic Packaging in the 4th quarter worth about $26,000. OLD Point Trust & Financial Services N A purchased a new position in Graphic Packaging in the 4th quarter worth about $27,000. GAMMA Investing LLC purchased a new position in Graphic Packaging during the 4th quarter valued at about $44,000. Finally, ICA Group Wealth Management LLC purchased a new position in Graphic Packaging during the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Graphic Packaging Stock Down 0.7 %

Shares of Graphic Packaging stock opened at $25.67 on Thursday. The firm has a market cap of $7.89 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 9.53 and a beta of 0.85. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.24 and a quick ratio of 0.52. Graphic Packaging Holding has a 52-week low of $20.07 and a 52-week high of $29.50. The stock has a 50-day simple moving average of $27.38 and a 200-day simple moving average of $26.71.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. The business 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 firm’s revenue was down 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 EPS. On average, equities research analysts expect that Graphic Packaging Holding will post 2.66 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Saturday, June 15th will be issued a $0.10 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.40 annualized dividend and a yield of 1.56%. Graphic Packaging’s dividend payout ratio (DPR) is currently 18.10%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GPK. Wells Fargo & Company reaffirmed an “underweight” rating and set a $21.00 target price on shares of Graphic Packaging in a research note on Monday, April 1st. StockNews.com raised Graphic Packaging from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Citigroup lifted their target price on Graphic Packaging from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.43.

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.