Retirement Systems of Alabama Has $10.79 Million Holdings in Graphic Packaging Holding (NYSE:GPK)

Retirement Systems of Alabama decreased its position in Graphic Packaging Holding (NYSE:GPK) by 3.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 364,567 shares of the industrial products company’s stock after selling 14,707 shares during the period. Retirement Systems of Alabama owned approximately 0.12% of Graphic Packaging worth $10,788,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. American Century Companies Inc. lifted its stake in shares of Graphic Packaging by 41.9% in the 2nd quarter. American Century Companies Inc. now owns 12,115,566 shares of the industrial products company’s stock valued at $317,549,000 after purchasing an additional 3,576,877 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Graphic Packaging by 24.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company’s stock worth $437,945,000 after purchasing an additional 2,927,344 shares in the last quarter. FMR LLC lifted its stake in Graphic Packaging by 12.6% in the third quarter. FMR LLC now owns 20,460,161 shares of the industrial products company’s stock valued at $605,416,000 after buying an additional 2,294,688 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Graphic Packaging by 7.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,600,600 shares of the industrial products company’s stock worth $251,632,000 after buying an additional 706,486 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Graphic Packaging by 33.2% during the 2nd quarter. Sei Investments Co. now owns 1,719,878 shares of the industrial products company’s stock worth $45,078,000 after buying an additional 428,278 shares during the period. Institutional investors own 99.67% of the company’s stock.

Graphic Packaging Stock Down 1.2 %

Shares of NYSE GPK opened at $29.02 on Tuesday. 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 company has a 50-day moving average price of $29.23 and a 200-day moving average price of $28.58. The stock has a market capitalization of $8.71 billion, a P/E ratio of 12.40, a P/E/G ratio of 11.42 and a beta of 0.83. Graphic Packaging Holding has a 1 year low of $23.47 and a 1 year high of $30.70.

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

Graphic Packaging Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, January 5th. Investors of record on Sunday, December 15th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, December 13th. Graphic Packaging’s payout ratio is currently 17.09%.

Analysts Set New Price Targets

Several research analysts recently issued reports on GPK shares. StockNews.com lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Royal Bank of Canada cut their price objective 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, Truist Financial lowered Graphic Packaging from a “buy” rating to a “hold” rating and decreased their target price for the company from $32.00 to $30.00 in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Graphic Packaging presently has an average rating of “Hold” and an average target price of $31.53.

Insider Buying and Selling

In other Graphic Packaging news, CAO Charles D. Lischer sold 12,000 shares of the business’s 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 transaction, the chief accounting officer now owns 49,849 shares of the company’s stock, valued at approximately $1,478,022.85. The trade was a 19.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael James Farrell sold 25,900 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total value of $750,841.00. Following the sale, the executive vice president now directly owns 81,026 shares of the company’s stock, valued at approximately $2,348,943.74. This represents a 24.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

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.