Dimensional Fund Advisors LP Has $135.53 Million Stake in Graphic Packaging Holding (NYSE:GPK)

Dimensional Fund Advisors LP lessened its stake in Graphic Packaging Holding (NYSE:GPK) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,000,815 shares of the industrial products company’s stock after selling 57,254 shares during the period. Dimensional Fund Advisors LP owned about 2.99% of Graphic Packaging worth $135,534,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Neo Ivy Capital Management lifted its stake in shares of Graphic Packaging by 3,763.8% in the third quarter. Neo Ivy Capital Management now owns 5,873 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 5,721 shares during the period. IBM Retirement Fund acquired a new position in shares of Graphic Packaging in the 4th quarter worth approximately $170,000. Verity Asset Management Inc. bought a new stake in shares of Graphic Packaging in the 4th quarter valued at $186,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Graphic Packaging during the third quarter worth $192,000. Finally, Chase Investment Counsel Corp bought a new position in Graphic Packaging during the fourth quarter worth $200,000. 94.20% of the stock is owned by institutional investors.

NYSE GPK opened at $18.56 on Thursday. The company has a quick ratio of 0.50, a current ratio of 1.17 and a debt-to-equity ratio of 1.74. Graphic Packaging Holding has a 52 week low of $12.11 and a 52 week high of $18.88. The business has a 50 day moving average price of $17.30 and a 200-day moving average price of $16.04. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 37.88, a P/E/G ratio of 0.59 and a beta of 1.19.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Monday, February 1st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Graphic Packaging had a net margin of 2.12% and a return on equity of 15.24%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the firm posted $0.23 EPS. Graphic Packaging’s revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts anticipate that Graphic Packaging Holding will post 1.1 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 5th. Stockholders of record on Monday, March 15th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Friday, March 12th. Graphic Packaging’s dividend payout ratio is currently 34.48%.

A number of analysts have weighed in on GPK shares. Seaport Global Securities reiterated a “neutral” rating on shares of Graphic Packaging in a report on Monday, January 11th. Wells Fargo & Company began coverage on Graphic Packaging in a research note on Wednesday, March 31st. They set an “overweight” rating and a $23.00 target price for the company. Deutsche Bank Aktiengesellschaft boosted their price target on Graphic Packaging from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, January 20th. UBS Group started coverage on shares of Graphic Packaging in a research report on Tuesday, January 12th. They set a “neutral” rating and a $18.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Friday, February 5th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $18.50.

Graphic Packaging Profile

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, foodservice, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging products, such as folding cartons, cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies; and barrier packaging products that protect against moisture, hot and cold temperature, grease, oil, oxygen, sunlight, insects, and other potential product-damaging factors.

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Institutional Ownership by Quarter for Graphic Packaging (NYSE:GPK)

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