LSV Asset Management Sells 202,832 Shares of Graphic Packaging Holding Company (NYSE:GPK)

Key Points

• LSV Asset Management reduced its holdings in Graphic Packaging Holding Company by 5.6%, now owning 3,441,519 shares valued at approximately $89.34 million.
• The company has announced a quarterly dividend of $0.11 per share, which is set to provide a 2.0% yield, with an annual payout ratio of 24.86%.
• Graphic Packaging's stock is trading at $21.49, with a market cap of $6.37 billion, and the company's recent earnings report exceeded analysts' revenue expectations, recording $2.20 billion in revenue.

LSV Asset Management lessened its position in shares of Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 5.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,441,519 shares of the industrial products company's stock after selling 202,832 shares during the period. LSV Asset Management owned approximately 1.14% of Graphic Packaging worth $89,342,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. increased its position in Graphic Packaging by 5.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 14,600,941 shares of the industrial products company's stock worth $396,562,000 after purchasing an additional 788,066 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Graphic Packaging by 8.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,351,192 shares of the industrial products company's stock worth $268,717,000 after purchasing an additional 781,509 shares in the last quarter. Victory Capital Management Inc. increased its position in Graphic Packaging by 1,004.9% during the 1st quarter. Victory Capital Management Inc. now owns 9,240,697 shares of the industrial products company's stock worth $239,888,000 after purchasing an additional 8,404,340 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Graphic Packaging by 6.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,872,765 shares of the industrial products company's stock worth $186,666,000 after purchasing an additional 414,109 shares in the last quarter. Finally, Eminence Capital LP increased its position in Graphic Packaging by 7.7% during the 4th quarter. Eminence Capital LP now owns 5,824,872 shares of the industrial products company's stock worth $158,204,000 after purchasing an additional 418,013 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

Insider Buying and Selling at Graphic Packaging

In other Graphic Packaging news, Director Philip R. Martens sold 56,737 shares of the firm's stock in a transaction on Friday, August 1st. The shares were 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. This trade represents a 62.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.41% of the company's stock.

Analysts Set New Price Targets

GPK has been the subject of a number of research analyst reports. UBS Group assumed coverage on shares of Graphic Packaging in a research report on Wednesday, June 4th. They set a "neutral" rating and a $24.00 price objective for the company. Truist Financial decreased their price target on shares of Graphic Packaging from $24.00 to $23.00 and set a "hold" rating for the company in a research report on Friday, July 11th. BNP Paribas Exane cut shares of Graphic Packaging from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Raymond James Financial restated an "outperform" rating and issued a $26.00 price target (down from $30.00) on shares of Graphic Packaging in a research report on Friday, May 2nd. Finally, Royal Bank Of Canada decreased their price target on shares of Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating for the company in a research report on Wednesday, June 18th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Graphic Packaging has an average rating of "Hold" and a consensus target price of $26.38.

Graphic Packaging Stock Up 1.3%

NYSE GPK traded up $0.29 on Tuesday, hitting $22.25. 2,759,290 shares of the company were exchanged, compared to its average volume of 3,055,524. The company has a market cap of $6.59 billion, a PE ratio of 12.57, a PEG ratio of 7.27 and a beta of 0.73. Graphic Packaging Holding Company has a 12 month low of $20.86 and a 12 month high of $30.70. The stock has a fifty day moving average of $22.07 and a 200-day moving average of $24.30. The company has a current ratio of 1.43, a quick ratio of 0.56 and a debt-to-equity ratio of 1.68.

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

Graphic Packaging declared that its board has authorized a share repurchase plan on Thursday, May 1st that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 23.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Graphic Packaging Dividend Announcement

The firm also recently disclosed 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. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, September 15th. Graphic Packaging's dividend payout ratio (DPR) is 24.86%.

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.