Natixis Advisors LLC Sells 1,089 Shares of Graphic Packaging Holding (NYSE:GPK)

Natixis Advisors LLC decreased its position in shares of Graphic Packaging Holding (NYSE:GPK) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,104 shares of the industrial products company’s stock after selling 1,089 shares during the quarter. Natixis Advisors LLC’s holdings in Graphic Packaging were worth $1,986,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GPK. Howard Capital Management Group LLC boosted its position in Graphic Packaging by 0.3% during the third quarter. Howard Capital Management Group LLC now owns 1,007,968 shares of the industrial products company’s stock valued at $29,826,000 after acquiring an additional 2,969 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Graphic Packaging by 13.8% in the third quarter. Advisors Asset Management Inc. now owns 26,631 shares of the industrial products company’s stock worth $788,000 after purchasing an additional 3,239 shares in the last quarter. Raymond James Trust N.A. acquired a new position in Graphic Packaging in the third quarter valued at approximately $343,000. Citigroup Inc. boosted its holdings in shares of Graphic Packaging by 6.5% during the 3rd quarter. Citigroup Inc. now owns 1,651,176 shares of the industrial products company’s stock worth $48,858,000 after buying an additional 101,479 shares in the last quarter. Finally, Nwam LLC bought a new stake in shares of Graphic Packaging in the 3rd quarter valued at $235,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Analysts Set New Price Targets

GPK has been the topic of several research analyst reports. Citigroup reissued a “neutral” rating and set a $30.00 target price (down from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Wells Fargo & Company upgraded Graphic Packaging from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $24.00 to $27.00 in a research note on Monday, January 6th. Robert W. Baird cut their price target on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Finally, Truist Financial reduced their price objective on Graphic Packaging from $31.00 to $30.00 and set a “hold” rating for the company in a research note on Monday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $31.37.

Graphic Packaging Stock Performance

Shares of Graphic Packaging stock opened at $25.35 on Tuesday. Graphic Packaging Holding has a 52 week low of $24.50 and a 52 week high of $30.70. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. The business has a 50 day moving average price of $26.90 and a 200-day moving average price of $28.14. The company has a market cap of $7.61 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.04). Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the business posted $0.75 earnings per share. Graphic Packaging’s revenue was down 6.8% on a year-over-year basis. Equities analysts anticipate that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th will be paid a $0.11 dividend. This is a positive change from Graphic Packaging’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, March 14th. This represents a $0.44 annualized dividend and a yield of 1.74%. Graphic Packaging’s dividend payout ratio (DPR) is 20.37%.

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.