Charles Schwab Investment Management Inc. Sells 17,972 Shares of Graphic Packaging Holding Company $GPK

Charles Schwab Investment Management Inc. lowered its position in shares of Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 0.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,020,260 shares of the industrial products company's stock after selling 17,972 shares during the period. Charles Schwab Investment Management Inc. owned about 1.00% of Graphic Packaging worth $78,406,000 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. Concurrent Investment Advisors LLC grew its holdings in shares of Graphic Packaging by 3.6% during the first quarter. Concurrent Investment Advisors LLC now owns 11,535 shares of the industrial products company's stock worth $299,000 after purchasing an additional 402 shares during the last quarter. Elevation Point Wealth Partners LLC grew its holdings in shares of Graphic Packaging by 4.1% during the first quarter. Elevation Point Wealth Partners LLC now owns 11,770 shares of the industrial products company's stock worth $306,000 after purchasing an additional 465 shares during the last quarter. Merit Financial Group LLC grew its holdings in shares of Graphic Packaging by 6.4% during the first quarter. Merit Financial Group LLC now owns 8,480 shares of the industrial products company's stock worth $220,000 after purchasing an additional 512 shares during the last quarter. NorthRock Partners LLC grew its holdings in shares of Graphic Packaging by 1.9% during the first quarter. NorthRock Partners LLC now owns 30,986 shares of the industrial products company's stock worth $808,000 after purchasing an additional 563 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Graphic Packaging by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 194,467 shares of the industrial products company's stock worth $5,282,000 after purchasing an additional 608 shares during the last quarter. Institutional investors own 99.67% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on GPK shares. Royal Bank Of Canada reduced their price target on Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating on the stock in a report on Wednesday, June 18th. Raymond James Financial reiterated an "outperform" rating and issued a $26.00 price target (down previously from $30.00) on shares of Graphic Packaging in a research report on Friday, May 2nd. Bank of America reduced their price target on Graphic Packaging from $31.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday, July 9th. BNP Paribas Exane lowered Graphic Packaging from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Finally, Truist Financial reduced their price target on Graphic Packaging from $24.00 to $23.00 and set a "hold" rating on the stock in a research report on Friday, July 11th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $26.38.

Graphic Packaging Trading Down 0.4%

Shares of Graphic Packaging stock traded down $0.10 on Monday, hitting $22.42. 903,504 shares of the company's stock traded hands, compared to its average volume of 3,079,326. Graphic Packaging Holding Company has a one year low of $20.86 and a one year high of $30.70. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.43 and a quick ratio of 0.56. The company has a fifty day moving average of $22.13 and a two-hundred day moving average of $23.96. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 7.65 and a beta of 0.73.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.13 billion. As a group, sell-side analysts expect that Graphic Packaging Holding Company will post 2.47 earnings per share for the current year.

Graphic Packaging Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 5th. Shareholders of record on Monday, September 15th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.44 annualized dividend and a yield of 2.0%. Graphic Packaging's payout ratio is 24.86%.

Graphic Packaging declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 1st that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the industrial products company to buy up to 23.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Insider Transactions at Graphic Packaging

In other Graphic Packaging news, Director Philip R. Martens sold 56,737 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $21.84, for a total value of $1,239,136.08. Following the transaction, the director directly owned 33,826 shares of the company's stock, valued at approximately $738,759.84. The trade was a 62.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.41% of the company's stock.

Graphic Packaging Company 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.