Bridgewater Advisors Inc. reduced its stake in shares of Graphic Packaging Holding (NYSE:GPK – Free Report) by 1.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 60,709 shares of the industrial products company’s stock after selling 996 shares during the quarter. Bridgewater Advisors Inc.’s holdings in Graphic Packaging were worth $1,740,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its holdings 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 valued at $437,945,000 after buying an additional 2,927,344 shares during the period. American Century Companies Inc. grew its stake 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 valued at $317,549,000 after purchasing an additional 3,576,877 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Graphic Packaging by 7.9% during the 2nd 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 purchasing an additional 706,486 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Graphic Packaging by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,054,530 shares of the industrial products company’s stock valued at $158,693,000 after purchasing an additional 362,509 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in Graphic Packaging by 9.7% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,093,537 shares of the industrial products company’s stock valued at $81,082,000 after purchasing an additional 274,449 shares in the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.
Graphic Packaging Trading Up 3.1 %
NYSE:GPK opened at $29.04 on Thursday. Graphic Packaging Holding has a 12-month low of $21.25 and a 12-month high of $30.70. The firm has a market capitalization of $8.72 billion, a P/E ratio of 12.41, a P/E/G ratio of 10.81 and a beta of 0.83. 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 business has a 50 day simple moving average of $29.29 and a 200 day simple moving average of $28.22.
Analyst Ratings Changes
A number of brokerages have weighed in on GPK. Robert W. Baird raised their price objective on Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised their price objective on Graphic Packaging from $21.00 to $24.00 and gave the company an “underweight” rating in a research note on Wednesday, July 31st. Royal Bank of Canada lowered their price objective on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Truist Financial lowered Graphic Packaging from a “buy” rating to a “hold” rating and decreased their target price for the stock from $32.00 to $30.00 in a research report on Wednesday, October 30th. 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, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $31.53.
Get Our Latest Research Report on Graphic Packaging
Insider Activity at Graphic Packaging
In other Graphic Packaging news, CEO Michael P. Doss sold 49,183 shares of Graphic Packaging stock in a transaction on Friday, August 9th. The stock was sold at an average price of $27.91, for a total transaction of $1,372,697.53. Following the sale, the chief executive officer now owns 1,909,576 shares of the company’s stock, valued at $53,296,266.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.
Graphic Packaging 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.
Further Reading
- Five stocks we like better than Graphic Packaging
- What is the Dogs of the Dow Strategy? Overview and Examples
- Monster Beverage Is a Scary Good Deal at Current Levels
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- 2 Online Educational Platforms Staging a Turnaround
- How Can Investors Benefit From After-Hours Trading
- Top 3 Sectors Outperforming After Trump’s Victory
Want to see what other hedge funds are holding GPK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Graphic Packaging Holding (NYSE:GPK – Free Report).
Receive News & Ratings for Graphic Packaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graphic Packaging and related companies with MarketBeat.com's FREE daily email newsletter.