Mercer Global Advisors Inc. ADV Decreases Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Mercer Global Advisors Inc. ADV lowered its stake in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 28.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,370 shares of the industrial products company's stock after selling 13,381 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Graphic Packaging were worth $906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Graphic Packaging by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 29,725,347 shares of the industrial products company's stock worth $807,340,000 after buying an additional 145,209 shares during the last quarter. American Century Companies Inc. grew its holdings in Graphic Packaging by 7.9% in the fourth quarter. American Century Companies Inc. now owns 16,555,660 shares of the industrial products company's stock worth $449,652,000 after purchasing an additional 1,206,295 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Graphic Packaging by 11.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company's stock worth $441,990,000 after purchasing an additional 1,702,764 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of 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 valued at $396,562,000 after purchasing an additional 788,066 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Graphic Packaging by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company's stock worth $313,957,000 after purchasing an additional 787,266 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

Graphic Packaging Trading Down 0.1 %

Shares of Graphic Packaging stock opened at $22.31 on Friday. Graphic Packaging Holding has a 1 year low of $20.86 and a 1 year high of $30.70. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.54. The stock has a market cap of $6.73 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81. The firm has a fifty day moving average price of $25.03 and a 200 day moving average price of $26.93.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.05). The company had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $2.14 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The firm's quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 EPS. Equities research analysts predict that Graphic Packaging Holding will post 2.47 earnings per share for the current year.

Graphic Packaging announced that its board has approved a stock buyback plan on Thursday, May 1st that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the industrial products company to buy up to 23.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

GPK has been the subject of a number of research analyst reports. Truist Financial decreased their price target on Graphic Packaging from $30.00 to $28.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Raymond James reissued an "outperform" rating and set a $26.00 target price (down previously from $30.00) on shares of Graphic Packaging in a research report on Friday, May 2nd. Royal Bank of Canada decreased their price target on shares of Graphic Packaging from $32.00 to $26.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Robert W. Baird dropped their price objective on shares of Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $29.17.

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.

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