Paloma Partners Management Co Raises Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Paloma Partners Management Co grew its holdings in Graphic Packaging Holding (NYSE:GPK) by 76.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,575 shares of the industrial products company’s stock after buying an additional 9,347 shares during the quarter. Paloma Partners Management Co’s holdings in Graphic Packaging were worth $638,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. FMR LLC increased its stake in shares of Graphic Packaging by 12.6% during the third quarter. FMR LLC now owns 20,460,161 shares of the industrial products company’s stock worth $605,416,000 after purchasing an additional 2,294,688 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Graphic Packaging by 24.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company’s stock worth $437,945,000 after buying an additional 2,927,344 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Graphic Packaging by 41.9% during the second quarter. American Century Companies Inc. now owns 12,115,566 shares of the industrial products company’s stock valued at $317,549,000 after acquiring an additional 3,576,877 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Graphic Packaging by 7.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,600,600 shares of the industrial products company’s stock valued at $251,632,000 after acquiring an additional 706,486 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Graphic Packaging by 6.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,054,530 shares of the industrial products company’s stock worth $158,693,000 after purchasing an additional 362,509 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Graphic Packaging Stock Performance

NYSE:GPK opened at $30.05 on Wednesday. The company’s 50-day moving average is $29.17 and its two-hundred day moving average is $28.46. Graphic Packaging Holding has a 1-year low of $22.66 and a 1-year high of $30.70. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72. The firm has a market capitalization of $9.02 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 11.77 and a beta of 0.83.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.27 billion. Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The company’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.74 earnings per share. Analysts forecast that Graphic Packaging Holding will post 2.52 EPS for the current year.

Graphic Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 5th. Investors of record on Sunday, December 15th will be issued a $0.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.40 annualized dividend and a yield of 1.33%. Graphic Packaging’s dividend payout ratio (DPR) is currently 17.09%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GPK shares. Truist Financial cut shares of Graphic Packaging from a “buy” rating to a “hold” rating and lowered their target price for the stock from $32.00 to $30.00 in a research note on Wednesday, October 30th. StockNews.com cut shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada lowered their target price on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Graphic Packaging presently has a consensus rating of “Hold” and an average price target of $31.53.

Insider Buying and Selling at Graphic Packaging

In related news, EVP Michael James Farrell sold 25,900 shares of Graphic Packaging stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total value of $750,841.00. Following the completion of the sale, the executive vice president now owns 81,026 shares in the company, valued at approximately $2,348,943.74. This trade represents a 24.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Charles D. Lischer sold 12,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $29.65, for a total value of $355,800.00. Following the transaction, the chief accounting officer now owns 49,849 shares in the company, valued at $1,478,022.85. This trade represents a 19.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Graphic Packaging Company 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.