DekaBank Deutsche Girozentrale Has $19.58 Million Position in Graphic Packaging Holding (NYSE:GPK)

DekaBank Deutsche Girozentrale reduced its position in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 798,344 shares of the industrial products company's stock after selling 36,762 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.26% of Graphic Packaging worth $19,579,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Insight Partners LLC lifted its stake in Graphic Packaging by 9.8% during the fourth quarter. Capital Insight Partners LLC now owns 31,335 shares of the industrial products company's stock worth $772,000 after purchasing an additional 2,800 shares during the last quarter. Carmel Capital Management L.L.C. lifted its holdings in Graphic Packaging by 3.3% during the 4th quarter. Carmel Capital Management L.L.C. now owns 364,625 shares of the industrial products company's stock worth $8,988,000 after buying an additional 11,600 shares during the period. Advocate Group LLC grew its position in shares of Graphic Packaging by 11.5% in the 4th quarter. Advocate Group LLC now owns 167,570 shares of the industrial products company's stock valued at $4,131,000 after buying an additional 17,292 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Graphic Packaging by 10.4% in the fourth quarter. Blue Trust Inc. now owns 21,314 shares of the industrial products company's stock valued at $525,000 after buying an additional 2,003 shares during the period. Finally, McGlone Suttner Wealth Management Inc. bought a new position in shares of Graphic Packaging during the fourth quarter worth about $64,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GPK. Citigroup upped their price objective on shares of Graphic Packaging from $32.00 to $34.00 and gave the company a "buy" rating in a report on Thursday. Robert W. Baird upped their target price on Graphic Packaging from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, February 22nd. Wells Fargo & Company reissued an "underweight" rating and issued a $21.00 price target on shares of Graphic Packaging in a research report on Monday, April 1st. Finally, StockNews.com downgraded shares of Graphic Packaging from a "buy" rating to a "hold" rating in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Graphic Packaging has a consensus rating of "Hold" and an average target price of $28.44.

Graphic Packaging Price Performance

NYSE:GPK traded up $0.18 during trading hours on Monday, hitting $28.80. The stock had a trading volume of 1,890,852 shares, compared to its average volume of 2,921,570. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 12.26 and a beta of 0.84. Graphic Packaging Holding has a one year low of $20.07 and a one year high of $29.43. The company has a 50 day simple moving average of $26.64 and a two-hundred day simple moving average of $24.35. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.10 and a quick ratio of 0.42.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its earnings results on Tuesday, February 20th. The industrial products company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.06. Graphic Packaging had a return on equity of 35.66% and a net margin of 7.67%. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the company posted $0.59 EPS. Graphic Packaging's quarterly revenue was down 5.7% compared to the same quarter last year. Research analysts forecast that Graphic Packaging Holding will post 2.71 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.39%. The ex-dividend date was Thursday, March 14th. Graphic Packaging's dividend payout ratio (DPR) is 17.02%.

Insider Buying and Selling

In related news, EVP Joseph P. Yost sold 70,000 shares of Graphic Packaging stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $26.20, for a total transaction of $1,834,000.00. Following the transaction, the executive vice president now directly owns 205,231 shares in the company, valued at $5,377,052.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

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.