Invesco Ltd. Buys 98,367 Shares of Graphic Packaging Holding (NYSE:GPK)

Invesco Ltd. boosted its position in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,664,131 shares of the industrial products company's stock after acquiring an additional 98,367 shares during the period. Invesco Ltd. owned 0.55% of Graphic Packaging worth $45,198,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Howard Capital Management Group LLC grew its position in Graphic Packaging by 0.3% during the third quarter. Howard Capital Management Group LLC now owns 1,007,968 shares of the industrial products company's stock worth $29,826,000 after buying an additional 2,969 shares in the last quarter. MML Investors Services LLC lifted its position in Graphic Packaging by 18.5% in the 3rd quarter. MML Investors Services LLC now owns 55,289 shares of the industrial products company's stock worth $1,636,000 after buying an additional 8,638 shares during the last quarter. Barclays PLC boosted its holdings in Graphic Packaging by 8.8% during the 3rd quarter. Barclays PLC now owns 637,199 shares of the industrial products company's stock valued at $18,854,000 after acquiring an additional 51,451 shares during the period. Virtu Financial LLC bought a new stake in Graphic Packaging in the 3rd quarter worth $359,000. Finally, World Investment Advisors LLC bought a new position in Graphic Packaging during the 3rd quarter valued at approximately $414,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GPK shares. Wells Fargo & Company raised shares of Graphic Packaging from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $24.00 to $27.00 in a research note on Monday, January 6th. Citigroup reaffirmed a "neutral" rating and set a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Truist Financial dropped their target price on Graphic Packaging from $31.00 to $30.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Finally, Robert W. Baird reduced their price objective on Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Graphic Packaging presently has an average rating of "Hold" and an average price target of $31.37.

Graphic Packaging Price Performance

Graphic Packaging stock traded up $0.14 during mid-day trading on Monday, hitting $24.64. The stock had a trading volume of 210,597 shares, compared to its average volume of 2,422,056. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71. The firm's 50 day moving average is $25.93 and its 200 day moving average is $27.50. The firm has a market capitalization of $7.44 billion, a P/E ratio of 11.41, a P/E/G ratio of 2.10 and a beta of 0.80. Graphic Packaging Holding has a one year low of $23.03 and a one year high of $30.70.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.04). Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The company had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.15 billion. During the same period in the previous year, the business posted $0.75 earnings per share. The business's revenue was down 6.8% on a year-over-year basis. On average, sell-side analysts forecast that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.44 annualized dividend and a yield of 1.79%. This is an increase from Graphic Packaging's previous quarterly dividend of $0.10. Graphic Packaging's dividend payout ratio (DPR) is presently 20.37%.

About Graphic Packaging

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.