Kennedy Capital Management LLC Sells 18,042 Shares of Graphic Packaging Holding (NYSE:GPK)

Kennedy Capital Management LLC lowered its position in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 8.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 205,531 shares of the industrial products company's stock after selling 18,042 shares during the quarter. Kennedy Capital Management LLC owned about 0.07% of Graphic Packaging worth $5,582,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Howard Capital Management Group LLC raised its stake 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 acquiring an additional 2,969 shares during the period. MML Investors Services LLC grew its stake in shares of 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 purchasing an additional 8,638 shares during the last quarter. Barclays PLC increased its holdings in shares of Graphic Packaging by 8.8% in the third quarter. Barclays PLC now owns 637,199 shares of the industrial products company's stock valued at $18,854,000 after buying an additional 51,451 shares in the last quarter. TD Private Client Wealth LLC boosted its position in shares of Graphic Packaging by 29.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 5,130 shares of the industrial products company's stock valued at $152,000 after purchasing an additional 1,153 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Graphic Packaging in the third quarter worth approximately $359,000. Institutional investors and hedge funds own 99.67% of the company's stock.

Wall Street Analyst Weigh In

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

Graphic Packaging Stock Up 0.9 %

GPK traded up $0.23 during trading on Thursday, reaching $24.67. 1,379,310 shares of the stock were exchanged, compared to its average volume of 2,423,189. The stock's 50 day moving average price is $26.00 and its two-hundred day moving average price is $27.59. Graphic Packaging Holding has a twelve month low of $23.03 and a twelve month high of $30.70. The stock has a market cap of $7.44 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 2.10 and a beta of 0.80. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.04). The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The company's revenue was down 6.8% on a year-over-year basis. During the same quarter last year, the business earned $0.75 earnings per share. Equities analysts expect that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, April 5th. Investors of record on Saturday, March 15th were given a dividend of $0.11 per share. The ex-dividend date was Friday, March 14th. This is an increase from Graphic Packaging's previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.78%. Graphic Packaging's dividend payout ratio (DPR) is currently 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.