Graphic Packaging Holding (GPK) Stake Lowered by American Century Companies Inc.

American Century Companies Inc. lowered its holdings in Graphic Packaging Holding (NYSE:GPK) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,101,502 shares of the industrial products company’s stock after selling 743,179 shares during the period. American Century Companies Inc.’s holdings in Graphic Packaging were worth $233,318,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company grew its position in shares of Graphic Packaging by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 12,512 shares of the industrial products company’s stock valued at $172,000 after purchasing an additional 774 shares during the period. Macquarie Group Ltd. boosted its holdings in Graphic Packaging by 0.7% in the second quarter. Macquarie Group Ltd. now owns 521,645 shares of the industrial products company’s stock valued at $7,188,000 after acquiring an additional 3,739 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in Graphic Packaging by 3.7% in the fourth quarter. Engineers Gate Manager LP now owns 105,909 shares of the industrial products company’s stock valued at $1,636,000 after acquiring an additional 3,774 shares during the last quarter. Guyasuta Investment Advisors Inc. boosted its holdings in Graphic Packaging by 6.1% in the third quarter. Guyasuta Investment Advisors Inc. now owns 76,800 shares of the industrial products company’s stock valued at $1,071,000 after acquiring an additional 4,385 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Graphic Packaging by 14.7% in the third quarter. Russell Investments Group Ltd. now owns 36,767 shares of the industrial products company’s stock valued at $513,000 after acquiring an additional 4,722 shares during the last quarter. 96.44% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on GPK shares. Royal Bank of Canada reiterated a “buy” rating and issued a $19.00 target price on shares of Graphic Packaging in a report on Thursday, February 1st. BMO Capital Markets reiterated a “buy” rating and issued a $18.00 target price on shares of Graphic Packaging in a report on Thursday, January 25th. Zacks Investment Research upgraded Graphic Packaging from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Thursday, October 12th. KeyCorp reiterated a “hold” rating on shares of Graphic Packaging in a report on Tuesday, October 10th. Finally, Robert W. Baird lifted their target price on Graphic Packaging from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $17.23.

Graphic Packaging Holding (NYSE GPK) opened at $15.46 on Tuesday. The company has a market capitalization of $4,955.42, a PE ratio of 29.73, a price-to-earnings-growth ratio of 3.08 and a beta of 1.15. Graphic Packaging Holding has a one year low of $12.46 and a one year high of $16.74. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.74 and a current ratio of 1.50.

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Graphic Packaging Company Profile

Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.

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

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