Dimensional Fund Advisors LP grew its stake in Graphic Packaging Holding (NYSE:GPK) by 0.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,864,197 shares of the industrial products company’s stock after acquiring an additional 25,315 shares during the period. Dimensional Fund Advisors LP owned about 1.57% of Graphic Packaging worth $67,854,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of Graphic Packaging by 241.9% in the third quarter. American Century Companies Inc. now owns 15,844,681 shares of the industrial products company’s stock valued at $221,033,000 after purchasing an additional 11,210,161 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Graphic Packaging in the second quarter valued at approximately $116,776,000. Canyon Capital Advisors LLC acquired a new position in shares of Graphic Packaging in the second quarter valued at approximately $100,045,000. Schroder Investment Management Group grew its holdings in shares of Graphic Packaging by 4,802.3% in the third quarter. Schroder Investment Management Group now owns 3,641,767 shares of the industrial products company’s stock valued at $50,475,000 after purchasing an additional 3,567,480 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Graphic Packaging by 292.7% in the second quarter. Ameriprise Financial Inc. now owns 2,816,525 shares of the industrial products company’s stock valued at $38,816,000 after purchasing an additional 2,099,223 shares in the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.
GPK has been the subject of a number of research reports. BMO Capital Markets restated a “buy” rating and issued a $15.50 price objective on shares of Graphic Packaging in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Graphic Packaging from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Thursday, October 12th. Stephens initiated coverage on shares of Graphic Packaging in a report on Tuesday, October 24th. They issued an “overweight” rating and a $17.00 price objective for the company. KeyCorp restated a “hold” rating on shares of Graphic Packaging in a report on Sunday, October 29th. Finally, Robert W. Baird lifted their price objective on shares of Graphic Packaging from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $16.26.
Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. Graphic Packaging had a net margin of 3.70% and a return on equity of 17.27%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the business posted $0.20 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. equities analysts forecast that Graphic Packaging Holding will post 0.65 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, December 14th. Graphic Packaging’s dividend payout ratio (DPR) is presently 57.69%.
In other Graphic Packaging news, VP Deborah R. Frank sold 38,266 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $15.51, for a total transaction of $593,505.66. Following the completion of the transaction, the vice president now owns 77,139 shares in the company, valued at approximately $1,196,425.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.02% of the company’s stock.
About Graphic Packaging
Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.
Want to see what other hedge funds are holding GPK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Graphic Packaging Holding (NYSE:GPK).
Receive News & Ratings for Graphic Packaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graphic Packaging and related companies with MarketBeat.com's FREE daily email newsletter.