Graphic Packaging Holding (NYSE:GPK) Stock Position Lowered by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. lessened its position in Graphic Packaging Holding (NYSE:GPK) by 1.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,709 shares of the industrial products company’s stock after selling 996 shares during the period. Bridgewater Advisors Inc.’s holdings in Graphic Packaging were worth $1,740,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of GPK. Wealth Enhancement Advisory Services LLC raised its stake in shares of Graphic Packaging by 10.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,795 shares of the industrial products company’s stock worth $636,000 after buying an additional 1,976 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Graphic Packaging by 43.1% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 202,727 shares of the industrial products company’s stock worth $5,916,000 after buying an additional 61,102 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Graphic Packaging by 33.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 26,313 shares of the industrial products company’s stock worth $768,000 after buying an additional 6,612 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Graphic Packaging by 3.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 145,391 shares of the industrial products company’s stock worth $4,243,000 after acquiring an additional 5,473 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its holdings in shares of Graphic Packaging by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 267,854 shares of the industrial products company’s stock worth $7,816,000 after acquiring an additional 3,503 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

Insider Buying and Selling

In related news, CEO Michael P. Doss sold 49,183 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $27.91, for a total transaction of $1,372,697.53. Following the completion of the transaction, the chief executive officer now owns 1,909,576 shares of the company’s stock, valued at approximately $53,296,266.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by insiders.

Graphic Packaging Stock Performance

Shares of NYSE GPK opened at $29.04 on Thursday. Graphic Packaging Holding has a one year low of $21.25 and a one year high of $30.70. The business’s 50-day moving average price is $29.29 and its two-hundred day moving average price is $28.22. The company has a market capitalization of $8.72 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 10.81 and a beta of 0.83. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings results 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 return on equity of 28.26% and a net margin of 7.99%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period in the prior year, the firm earned $0.74 EPS. Graphic Packaging’s quarterly revenue was down 5.7% on a year-over-year basis. Analysts anticipate that Graphic Packaging Holding will post 2.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on GPK. Wells Fargo & Company lifted their target price on Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a report on Wednesday, July 31st. StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Truist Financial cut Graphic Packaging from a “buy” rating to a “hold” rating and decreased their target price for the stock from $32.00 to $30.00 in a report on Wednesday, October 30th. Royal Bank of Canada decreased 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. Finally, Robert W. Baird lifted their target price on Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $31.53.

About Graphic Packaging

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.