Boston Trust Walden Corp Buys New Holdings in Graphic Packaging Holding (NYSE:GPK)

Boston Trust Walden Corp purchased a new position in Graphic Packaging Holding (NYSE:GPK) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,256,679 shares of the industrial products company’s stock, valued at approximately $34,131,000. Boston Trust Walden Corp owned approximately 0.42% of Graphic Packaging as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC grew its position in Graphic Packaging by 1.3% in the 4th quarter. Howard Capital Management Group LLC now owns 1,021,143 shares of the industrial products company’s stock valued at $27,734,000 after purchasing an additional 13,175 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Graphic Packaging by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company’s stock valued at $313,957,000 after buying an additional 787,266 shares during the last quarter. Synergy Asset Management LLC increased its position in shares of Graphic Packaging by 108.6% during the fourth quarter. Synergy Asset Management LLC now owns 64,343 shares of the industrial products company’s stock worth $1,810,000 after acquiring an additional 33,493 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Graphic Packaging by 23.9% in the 3rd quarter. Raymond James & Associates now owns 707,969 shares of the industrial products company’s stock worth $20,949,000 after acquiring an additional 136,342 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new position in Graphic Packaging in the 4th quarter valued at about $51,642,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Citigroup reissued a “neutral” rating and set a $30.00 price objective (down from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Wells Fargo & Company raised Graphic Packaging from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $24.00 to $27.00 in a research report on Monday, January 6th. Truist Financial lifted their price objective on shares of Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Royal Bank of Canada lowered their target price on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Finally, StockNews.com cut shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $32.37.

Graphic Packaging Price Performance

Shares of NYSE:GPK opened at $27.23 on Tuesday. The company has a market capitalization of $8.17 billion, a P/E ratio of 11.63 and a beta of 0.85. The company’s 50-day moving average is $28.06 and its 200 day moving average is $28.65. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.72 and a current ratio of 1.73. Graphic Packaging Holding has a fifty-two week low of $23.47 and a fifty-two week high of $30.70.

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Friday, December 13th. Graphic Packaging’s dividend payout ratio is currently 17.09%.

Insider Transactions at Graphic Packaging

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

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.