Barclays PLC Reduces Stake in Graphic Packaging Holding (GPK)

Barclays PLC lowered its position in shares of Graphic Packaging Holding (NYSE:GPK) by 7.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 69,626 shares of the industrial products company’s stock after selling 5,415 shares during the quarter. Barclays PLC’s holdings in Graphic Packaging were worth $741,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of GPK. Resources Investment Advisors Inc. acquired a new position in shares of Graphic Packaging in the 4th quarter valued at approximately $28,000. First Personal Financial Services raised its position in shares of Graphic Packaging by 101.9% during the 4th quarter. First Personal Financial Services now owns 2,954 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 1,491 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in shares of Graphic Packaging during the 4th quarter valued at approximately $52,000. Pearl River Capital LLC bought a new position in Graphic Packaging during the 4th quarter worth $54,000. Finally, Parkside Financial Bank & Trust grew its stake in Graphic Packaging by 35.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 6,398 shares of the industrial products company’s stock worth $68,000 after buying an additional 1,663 shares during the last quarter.

GPK has been the subject of a number of recent research reports. Zacks Investment Research upgraded Graphic Packaging from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. UBS Group began coverage on Graphic Packaging in a research note on Friday, January 4th. They set a “neutral” rating and a $11.50 price objective for the company. Finally, ValuEngine cut Graphic Packaging from a “hold” rating to a “sell” rating in a research note on Monday, February 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Graphic Packaging has an average rating of “Hold” and a consensus price target of $16.13.

GPK stock traded up $0.07 during trading hours on Friday, hitting $12.93. 2,669,574 shares of the stock traded hands, compared to its average volume of 4,422,297. Graphic Packaging Holding has a one year low of $10.04 and a one year high of $16.61. The stock has a market capitalization of $3.82 billion, a P/E ratio of 15.96, a P/E/G ratio of 1.18 and a beta of 1.35. The company has a quick ratio of 0.64, a current ratio of 1.50 and a debt-to-equity ratio of 1.44.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, January 29th. The industrial products company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.04. Graphic Packaging had a return on equity of 11.67% and a net margin of 3.67%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the business posted $0.17 earnings per share. The company’s quarterly revenue was up 35.9% on a year-over-year basis. On average, sell-side analysts anticipate that Graphic Packaging Holding will post 0.85 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Thursday, March 14th. Graphic Packaging’s dividend payout ratio is 37.04%.

In related news, Director Robert Hagemann bought 15,000 shares of Graphic Packaging stock in a transaction dated Wednesday, February 27th. The stock was acquired at an average cost of $12.25 per share, with a total value of $183,750.00. Following the completion of the acquisition, the director now directly owns 65,329 shares in the company, valued at approximately $800,280.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

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Graphic Packaging Profile

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, foodservice, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.

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Institutional Ownership by Quarter for Graphic Packaging (NYSE:GPK)

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