Massachusetts Financial Services Co. MA Sells 462,033 Shares of Graphic Packaging Holding Company $GPK

Massachusetts Financial Services Co. MA trimmed its holdings in Graphic Packaging Holding Company (NYSE:GPK) by 4.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,760,219 shares of the industrial products company’s stock after selling 462,033 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Graphic Packaging were worth $162,049,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GPK. AQR Capital Management LLC lifted its stake in shares of Graphic Packaging by 36.6% in the first quarter. AQR Capital Management LLC now owns 171,608 shares of the industrial products company’s stock valued at $4,453,000 after buying an additional 45,944 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Graphic Packaging by 9.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,471,519 shares of the industrial products company’s stock valued at $38,201,000 after buying an additional 132,692 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Graphic Packaging by 5.4% in the second quarter. Hsbc Holdings PLC now owns 15,485 shares of the industrial products company’s stock valued at $326,000 after buying an additional 791 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Graphic Packaging by 28.8% in the second quarter. Invesco Ltd. now owns 2,130,941 shares of the industrial products company’s stock valued at $44,899,000 after buying an additional 477,085 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Graphic Packaging by 3.6% in the second quarter. First Trust Advisors LP now owns 1,002,964 shares of the industrial products company’s stock valued at $21,133,000 after buying an additional 34,790 shares in the last quarter. 99.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GPK. Royal Bank Of Canada dropped their price objective on Graphic Packaging from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Friday, March 20th. Citigroup dropped their price objective on Graphic Packaging from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Graphic Packaging in a research note on Friday, March 27th. Robert W. Baird set a $15.00 price objective on Graphic Packaging in a research note on Wednesday, February 4th. Finally, Truist Financial set a $14.00 price objective on Graphic Packaging in a research note on Wednesday, February 4th. Nine investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Graphic Packaging currently has an average rating of “Reduce” and an average price target of $14.51.

Insider Activity at Graphic Packaging

In other Graphic Packaging news, CEO Robbert Rietbroek bought 44,278 shares of the stock in a transaction dated Wednesday, March 4th. The shares were bought at an average cost of $11.32 per share, for a total transaction of $501,226.96. Following the purchase, the chief executive officer directly owned 44,278 shares of the company’s stock, valued at approximately $501,226.96. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.41% of the stock is owned by insiders.

Graphic Packaging Price Performance

Shares of NYSE:GPK opened at $9.66 on Monday. The company has a current ratio of 1.30, a quick ratio of 0.52 and a debt-to-equity ratio of 1.50. The stock’s fifty day simple moving average is $11.05 and its two-hundred day simple moving average is $14.43. Graphic Packaging Holding Company has a 1-year low of $8.78 and a 1-year high of $25.81. The stock has a market cap of $2.86 billion, a PE ratio of 6.52 and a beta of 0.69.

Graphic Packaging (NYSE:GPK) last released its earnings results on Monday, March 2nd. The industrial products company reported $0.24 EPS for the quarter. The company had revenue of $2.10 billion for the quarter. Graphic Packaging had a return on equity of 16.58% and a net margin of 5.15%. As a group, analysts forecast that Graphic Packaging Holding Company will post 2.47 EPS for the current fiscal year.

Graphic Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Sunday, March 15th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Friday, March 13th. Graphic Packaging’s payout ratio is presently 29.73%.

Graphic Packaging Profile

Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.

Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.