Harbor Capital Advisors Inc. Has $11.80 Million Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Harbor Capital Advisors Inc. lessened its position in Graphic Packaging Holding (NYSE:GPK) by 13.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 434,530 shares of the industrial products company’s stock after selling 65,782 shares during the period. Harbor Capital Advisors Inc.’s holdings in Graphic Packaging were worth $11,802,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. UMB Bank n.a. increased its holdings in shares of Graphic Packaging by 546.6% in the third quarter. UMB Bank n.a. now owns 944 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 798 shares during the last quarter. Truvestments Capital LLC bought a new stake in Graphic Packaging in the 3rd quarter valued at $30,000. Wilmington Savings Fund Society FSB acquired a new position in Graphic Packaging in the 3rd quarter valued at $73,000. GAMMA Investing LLC increased its position in Graphic Packaging by 57.0% during the 3rd quarter. GAMMA Investing LLC now owns 4,308 shares of the industrial products company’s stock worth $127,000 after buying an additional 1,564 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Graphic Packaging by 13.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,816 shares of the industrial products company’s stock valued at $152,000 after acquiring an additional 699 shares during the period. Institutional investors own 99.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on GPK. Wells Fargo & Company upgraded shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $24.00 to $27.00 in a research note on Monday. Truist Financial upped their price target on shares of Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Monday. Citigroup reissued a “neutral” rating and set a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a report on Monday. Royal Bank of Canada cut their target price on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Finally, StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Graphic Packaging currently has a consensus rating of “Hold” and a consensus price target of $32.37.

Graphic Packaging Stock Down 1.7 %

Shares of NYSE:GPK traded down $0.45 during trading on Friday, reaching $26.24. 399,547 shares of the stock were exchanged, compared to its average volume of 2,031,384. Graphic Packaging Holding has a 1-year low of $23.47 and a 1-year high of $30.70. The stock has a fifty day moving average of $28.46 and a two-hundred day moving average of $28.51. 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 cap of $7.88 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 11.42 and a beta of 0.85.

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

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th were issued a $0.10 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.52%. Graphic Packaging’s dividend payout ratio is presently 17.09%.

Insider Activity at Graphic Packaging

In other Graphic Packaging 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 transaction of $750,841.00. Following the transaction, the executive vice president now owns 81,026 shares of the company’s stock, valued at $2,348,943.74. This trade represents a 24.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Charles D. Lischer sold 12,000 shares of Graphic Packaging 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 sale, 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 owned by 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.