MML Investors Services LLC Has $1.64 Million Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

MML Investors Services LLC grew its position in Graphic Packaging Holding (NYSE:GPK) by 18.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 55,289 shares of the industrial products company’s stock after buying an additional 8,638 shares during the period. MML Investors Services LLC’s holdings in Graphic Packaging were worth $1,636,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GPK. American Century Companies Inc. raised its holdings in Graphic Packaging by 41.9% during the 2nd quarter. American Century Companies Inc. now owns 12,115,566 shares of the industrial products company’s stock worth $317,549,000 after purchasing an additional 3,576,877 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Graphic Packaging by 24.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company’s stock worth $437,945,000 after buying an additional 2,927,344 shares during the period. FMR LLC raised its stake in shares of Graphic Packaging by 12.6% during the third quarter. FMR LLC now owns 20,460,161 shares of the industrial products company’s stock worth $605,416,000 after buying an additional 2,294,688 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Graphic Packaging by 7.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,600,600 shares of the industrial products company’s stock valued at $251,632,000 after buying an additional 706,486 shares during the period. Finally, Sei Investments Co. boosted its stake in Graphic Packaging by 33.2% in the second quarter. Sei Investments Co. now owns 1,719,878 shares of the industrial products company’s stock valued at $45,078,000 after acquiring an additional 428,278 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Truist Financial downgraded Graphic Packaging from a “buy” rating to a “hold” rating and cut their price target for the company from $32.00 to $30.00 in a research note on Wednesday, October 30th. Royal Bank of Canada cut their target price on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Finally, StockNews.com lowered Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $31.53.

Graphic Packaging Stock Down 1.0 %

Shares of Graphic Packaging stock opened at $28.74 on Wednesday. Graphic Packaging Holding has a 1 year low of $23.47 and a 1 year high of $30.70. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72. The company has a market capitalization of $8.63 billion, a P/E ratio of 12.28, a price-to-earnings-growth ratio of 11.42 and a beta of 0.83. The business has a 50-day moving average of $29.23 and a two-hundred day moving average of $28.58.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.04). Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the business posted $0.74 earnings per share. The business’s quarterly revenue was down 5.7% on a year-over-year basis. As a group, equities analysts predict that Graphic Packaging Holding will post 2.52 EPS for the current year.

Graphic Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 5th. Investors of record on Sunday, December 15th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.40 annualized dividend and a yield of 1.39%. Graphic Packaging’s dividend payout ratio is currently 17.09%.

Insider Buying and Selling

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total transaction of $750,841.00. Following the completion of the transaction, the executive vice president now owns 81,026 shares of the company’s stock, valued at $2,348,943.74. This represents a 24.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Charles D. Lischer sold 12,000 shares of Graphic Packaging stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $29.65, for a total transaction of $355,800.00. Following the completion of the sale, the chief accounting officer now owns 49,849 shares in the company, valued at $1,478,022.85. This trade represents a 19.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

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.