Teacher Retirement System of Texas Has $783,000 Stake in Graphic Packaging Holding (NYSE:GPK)

Teacher Retirement System of Texas reduced its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 53.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,826 shares of the industrial products company’s stock after selling 32,813 shares during the quarter. Teacher Retirement System of Texas’ holdings in Graphic Packaging were worth $783,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its position in Graphic Packaging by 11.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company’s stock valued at $441,990,000 after buying an additional 1,702,764 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Graphic Packaging by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company’s stock valued at $313,957,000 after acquiring an additional 787,266 shares during the period. Amundi boosted its holdings in Graphic Packaging by 6.7% in the fourth quarter. Amundi now owns 4,799,090 shares of the industrial products company’s stock valued at $128,178,000 after acquiring an additional 302,168 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its position in Graphic Packaging by 1.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,738,589 shares of the industrial products company’s stock worth $74,380,000 after purchasing an additional 29,034 shares during the period. Finally, Hennessy Advisors Inc. bought a new stake in Graphic Packaging during the 4th quarter worth about $51,642,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Stock Up 0.2 %

Shares of NYSE GPK opened at $26.11 on Monday. The firm has a 50 day moving average price of $26.76 and a 200 day moving average price of $28.04. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46. The stock has a market cap of $7.84 billion, a P/E ratio of 12.09, a P/E/G ratio of 2.10 and a beta of 0.81. Graphic Packaging Holding has a 52-week low of $24.50 and a 52-week high of $30.70.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.04). The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.15 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. Graphic Packaging’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period last year, the firm earned $0.75 EPS. Analysts expect that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Friday, March 14th. This is a boost from Graphic Packaging’s previous quarterly dividend of $0.10. Graphic Packaging’s payout ratio is 20.37%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GPK shares. Robert W. Baird reduced their target price on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Truist Financial reduced their price objective on shares of Graphic Packaging from $31.00 to $30.00 and set a “hold” rating on the stock in a research note on Monday, March 24th. Citigroup reiterated a “neutral” rating and set a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Finally, Wells Fargo & Company upgraded Graphic Packaging from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $24.00 to $27.00 in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $31.37.

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.