Nisa Investment Advisors LLC Sells 67,481 Shares of Graphic Packaging Holding (NYSE:GPK)

Nisa Investment Advisors LLC decreased its position in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 85.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,785 shares of the industrial products company's stock after selling 67,481 shares during the quarter. Nisa Investment Advisors LLC's holdings in Graphic Packaging were worth $290,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Advisory Services Network LLC lifted its holdings in shares of Graphic Packaging by 13.6% in the first quarter. Advisory Services Network LLC now owns 3,600 shares of the industrial products company's stock worth $92,000 after acquiring an additional 431 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Graphic Packaging by 4.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 10,648 shares of the industrial products company's stock worth $271,000 after acquiring an additional 483 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Graphic Packaging by 3.6% in the third quarter. DAVENPORT & Co LLC now owns 14,391 shares of the industrial products company's stock worth $321,000 after acquiring an additional 500 shares during the last quarter. Clear Harbor Asset Management LLC lifted its holdings in shares of Graphic Packaging by 1.5% in the fourth quarter. Clear Harbor Asset Management LLC now owns 33,310 shares of the industrial products company's stock worth $821,000 after acquiring an additional 506 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of Graphic Packaging by 0.9% in the second quarter. Baird Financial Group Inc. now owns 56,009 shares of the industrial products company's stock worth $1,346,000 after acquiring an additional 508 shares during the last quarter. Institutional investors own 99.67% of the company's stock.

Insider Transactions at Graphic Packaging

In other news, EVP Joseph P. Yost sold 70,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $26.20, for a total transaction of $1,834,000.00. Following the completion of the sale, the executive vice president now owns 205,231 shares of the company's stock, valued at approximately $5,377,052.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.20% of the company's stock.

Graphic Packaging Trading Up 0.5 %

Shares of GPK stock traded up $0.14 during trading hours on Friday, hitting $27.36. 2,249,888 shares of the company were exchanged, compared to its average volume of 2,833,708. The firm has a market cap of $8.41 billion, a P/E ratio of 11.64 and a beta of 0.84. Graphic Packaging Holding has a fifty-two week low of $20.07 and a fifty-two week high of $29.50. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.42 and a current ratio of 1.10. The company has a 50 day simple moving average of $27.17 and a two-hundred day simple moving average of $24.72.

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

Graphic Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Thursday, March 14th. Graphic Packaging's dividend payout ratio (DPR) is 17.02%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GPK. Robert W. Baird upped their price objective on Graphic Packaging from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, February 22nd. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $21.00 price objective on shares of Graphic Packaging in a research note on Monday, April 1st. StockNews.com downgraded Graphic Packaging from a "buy" rating to a "hold" rating in a research note on Thursday, February 22nd. Finally, Citigroup upped their price objective on Graphic Packaging from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $28.44.

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.