First Trust Advisors LP Has $19.69 Million Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Posted by on Mar 10th, 2023

First Trust Advisors LP raised its stake in Graphic Packaging Holding (NYSE:GPK – Get Rating) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 997,482 shares of the industrial products company’s stock after buying an additional 29,342 shares during the quarter. First Trust Advisors LP owned 0.32% of Graphic Packaging worth $19,690,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of GPK. Wipfli Financial Advisors LLC acquired a new stake in shares of Graphic Packaging in the third quarter valued at approximately $29,000. Assetmark Inc. lifted its stake in shares of Graphic Packaging by 40.0% in the 3rd quarter. Assetmark Inc. now owns 2,297 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 656 shares during the period. IFP Advisors Inc raised its stake in Graphic Packaging by 1,275.3% during the 3rd quarter. IFP Advisors Inc now owns 2,668 shares of the industrial products company’s stock worth $54,000 after buying an additional 2,474 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Graphic Packaging during the 3rd quarter worth approximately $82,000. Finally, American International Group Inc. increased its holdings in Graphic Packaging by 21.6% during the 2nd quarter. American International Group Inc. now owns 4,414 shares of the industrial products company’s stock worth $90,000 after purchasing an additional 783 shares in the last quarter. 94.47% of the stock is currently owned by institutional investors.

Graphic Packaging Price Performance

Graphic Packaging stock opened at $24.62 on Friday. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 0.37 and a beta of 0.96. The business’s 50 day simple moving average is $23.24 and its 200 day simple moving average is $22.43. Graphic Packaging Holding has a 12 month low of $18.75 and a 12 month high of $25.17. The company has a current ratio of 1.40, a quick ratio of 0.57 and a debt-to-equity ratio of 2.42.

Graphic Packaging (NYSE:GPK – Get Rating) last posted its earnings results on Tuesday, February 7th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.01. The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.32 billion. Graphic Packaging had a return on equity of 36.32% and a net margin of 5.53%. The business’s quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 earnings per share. Sell-side analysts forecast that Graphic Packaging Holding will post 2.74 EPS for the current year.

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 5th. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.62%. Graphic Packaging’s dividend payout ratio is currently 23.81%.

Insiders Place Their Bets

In other Graphic Packaging news, EVP Joseph P. Yost sold 60,000 shares of the stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $23.99, for a total transaction of $1,439,400.00. Following the sale, the executive vice president now owns 209,250 shares in the company, valued at $5,019,907.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.93% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on GPK shares. Mizuho boosted their price objective on Graphic Packaging from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. Royal Bank of Canada boosted their price objective on Graphic Packaging from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, February 9th. UBS Group upped their target price on Graphic Packaging from $27.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, December 21st. StockNews.com raised Graphic Packaging from a “hold” rating to a “buy” rating in a report on Wednesday, February 8th. Finally, Wells Fargo & Company reduced their target price on Graphic Packaging from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Wednesday, February 8th. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Graphic Packaging presently has an average rating of “Buy” and a consensus target price of $27.83.

Graphic Packaging Profile

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Graphic Packaging Holding Co engages in the provision of paper-based packaging solutions for a variety of products to food, beverage and other consumer products companies. It operates through the following business segments: Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other.

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

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