Boston Trust Walden Corp Makes New Investment in Graphic Packaging Holding (NYSE:GPK)

Boston Trust Walden Corp acquired a new stake in Graphic Packaging Holding (NYSE:GPK) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 1,256,679 shares of the industrial products company’s stock, valued at approximately $34,131,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GPK. Worldquant Millennium Advisors LLC boosted its stake in shares of Graphic Packaging by 1.1% during the third quarter. Worldquant Millennium Advisors LLC now owns 38,064 shares of the industrial products company’s stock valued at $1,126,000 after purchasing an additional 401 shares during the period. KBC Group NV raised its stake in shares of Graphic Packaging by 1.8% during the third quarter. KBC Group NV now owns 26,805 shares of the industrial products company’s stock valued at $793,000 after acquiring an additional 465 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Graphic Packaging by 58.2% during the fourth quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 549 shares during the period. Raleigh Capital Management Inc. grew its stake in shares of Graphic Packaging by 5.5% in the third quarter. Raleigh Capital Management Inc. now owns 11,255 shares of the industrial products company’s stock worth $333,000 after purchasing an additional 584 shares during the last quarter. Finally, Ellsworth Advisors LLC raised its position in Graphic Packaging by 0.4% during the 3rd quarter. Ellsworth Advisors LLC now owns 160,726 shares of the industrial products company’s stock valued at $4,756,000 after purchasing an additional 591 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

Graphic Packaging Stock Down 0.7 %

Shares of NYSE:GPK opened at $27.23 on Tuesday. Graphic Packaging Holding has a 12-month low of $23.47 and a 12-month high of $30.70. The stock has a market capitalization of $8.17 billion, a price-to-earnings ratio of 11.63 and a beta of 0.85. The stock has a fifty day simple moving average of $28.06 and a two-hundred day simple moving average of $28.65. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78.

Graphic Packaging Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently weighed in on GPK shares. Royal Bank of Canada cut their price target on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Citigroup reiterated a “neutral” rating and set a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. StockNews.com lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Truist Financial increased their target price on Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company raised Graphic Packaging from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $24.00 to $27.00 in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $32.37.

Insider Buying and Selling at Graphic Packaging

In related news, EVP Michael James Farrell sold 25,900 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total transaction of $750,841.00. Following the completion of the sale, the executive vice president now owns 81,026 shares of the company’s stock, valued at $2,348,943.74. This trade represents a 24.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Charles D. Lischer sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $29.65, for a total value of $355,800.00. Following the completion of the transaction, the chief accounting officer now directly 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. 1.20% of the stock is owned by company insiders.

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.