Graphic Packaging Holding (NYSE:GPK) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lowered its position in Graphic Packaging Holding (NYSE:GPK) by 23.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 80,910 shares of the industrial products company’s stock after selling 25,224 shares during the period. Mackenzie Financial Corp’s holdings in Graphic Packaging were worth $1,994,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GPK. FinTrust Capital Advisors LLC raised its position in shares of Graphic Packaging by 870.7% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,291 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 1,158 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of Graphic Packaging by 39.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,372 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 673 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Graphic Packaging by 44.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,476 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 759 shares during the last quarter. CVA Family Office LLC acquired a new position in shares of Graphic Packaging during the 4th quarter worth about $62,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in shares of Graphic Packaging during the 4th quarter worth about $64,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Stock Performance

Graphic Packaging stock opened at $27.07 on Wednesday. The firm has a 50 day simple moving average of $27.21 and a 200-day simple moving average of $24.80. Graphic Packaging Holding has a 1-year low of $20.07 and a 1-year high of $29.50. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.10 and a quick ratio of 0.42. The stock has a market cap of $8.32 billion, a price-to-earnings ratio of 11.52 and a beta of 0.84.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Graphic Packaging had a net margin of 7.67% and a return on equity of 35.66%. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 EPS. On average, analysts expect that Graphic Packaging Holding will post 2.7 EPS for the current year.

Graphic Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.48%. Graphic Packaging’s payout ratio is currently 17.02%.

Insider Buying and Selling

In related news, EVP Joseph P. Yost sold 70,000 shares of the 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 transaction, the executive vice president now owns 205,231 shares of the company’s stock, valued at approximately $5,377,052.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.