Citigroup Inc. Has $48.86 Million Stake in Graphic Packaging Holding (NYSE:GPK)

Citigroup Inc. boosted its holdings in Graphic Packaging Holding (NYSE:GPK) by 6.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,651,176 shares of the industrial products company’s stock after purchasing an additional 101,479 shares during the quarter. Citigroup Inc.’s holdings in Graphic Packaging were worth $48,858,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its stake in Graphic Packaging by 4.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 832,035 shares of the industrial products company’s stock worth $23,907,000 after purchasing an additional 33,691 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Graphic Packaging by 99.6% in the 1st quarter. Cetera Investment Advisers now owns 104,490 shares of the industrial products company’s stock valued at $3,049,000 after buying an additional 52,139 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Graphic Packaging by 268.7% in the 2nd quarter. Hsbc Holdings PLC now owns 51,261 shares of the industrial products company’s stock valued at $1,350,000 after buying an additional 37,358 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Graphic Packaging in the 2nd quarter valued at approximately $928,000. Finally, BDF Gestion acquired a new position in shares of Graphic Packaging in the 2nd quarter valued at approximately $1,823,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Trading Up 1.6 %

Shares of Graphic Packaging stock opened at $29.28 on Monday. The firm has a market capitalization of $8.79 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 11.20 and a beta of 0.83. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78. The firm’s 50 day moving average is $29.15 and its 200 day moving average is $28.37. Graphic Packaging Holding has a 1 year low of $22.12 and a 1 year high of $30.70.

Graphic Packaging (NYSE:GPK) last posted its 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 business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the firm earned $0.74 earnings per share. The company’s revenue was down 5.7% compared to the same quarter last year. Equities research analysts forecast that Graphic Packaging Holding will post 2.52 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, January 5th. Shareholders of record on Sunday, December 15th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Friday, December 13th. Graphic Packaging’s payout ratio is 17.09%.

Insiders Place Their Bets

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of the business’s 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 sale, the executive vice president now directly owns 81,026 shares of the company’s stock, valued at $2,348,943.74. The trade was a 24.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

GPK has been the subject of several analyst reports. StockNews.com cut shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Royal Bank of Canada dropped their target price on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Truist Financial cut shares of Graphic Packaging from a “buy” rating to a “hold” rating and dropped their target price for the company from $32.00 to $30.00 in a research report on Wednesday, October 30th. Robert W. Baird boosted their target price on shares of Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company lifted their price target on shares of Graphic Packaging from $21.00 to $24.00 and gave the company an “underweight” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Graphic Packaging presently has an average rating of “Hold” and a consensus target price of $31.53.

Graphic Packaging 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.