Graphic Packaging Holding (NYSE:GPK) Position Boosted by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC boosted its position in Graphic Packaging Holding (NYSE:GPK) by 14.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 347,652 shares of the industrial products company’s stock after buying an additional 43,394 shares during the quarter. Kingsview Wealth Management LLC owned approximately 0.12% of Graphic Packaging worth $9,442,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in shares of Graphic Packaging by 24.7% during the third 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 Graphic Packaging by 12.6% during the 3rd quarter. FMR LLC now owns 20,460,161 shares of the industrial products company’s stock valued at $605,416,000 after acquiring an additional 2,294,688 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in Graphic Packaging during the 4th quarter worth $51,642,000. Boston Trust Walden Corp bought a new position in shares of Graphic Packaging in the fourth quarter worth $34,131,000. Finally, JPMorgan Chase & Co. increased 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 purchasing an additional 787,266 shares during the period. Institutional investors own 99.67% of the company’s stock.

Analysts Set New Price Targets

GPK has been the subject of a number of recent analyst reports. Royal Bank of Canada decreased their target price on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Wells Fargo & Company raised Graphic Packaging from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $24.00 to $27.00 in a report on Monday, January 6th. Truist Financial lifted their price target on Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, January 6th. StockNews.com lowered Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Citigroup reiterated a “neutral” rating and issued a $30.00 price target (down from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Graphic Packaging presently has a consensus rating of “Hold” and an average price target of $31.70.

Graphic Packaging Price Performance

Shares of NYSE:GPK opened at $26.48 on Friday. The business has a 50-day moving average of $27.87 and a two-hundred day moving average of $28.62. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.72. Graphic Packaging Holding has a fifty-two week low of $23.47 and a fifty-two week high of $30.70. The stock has a market capitalization of $7.95 billion, a P/E ratio of 12.26, a P/E/G ratio of 2.07 and a beta of 0.84.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The firm’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 EPS. On average, equities research analysts predict that Graphic Packaging Holding will post 2.51 EPS for the current fiscal year.

Graphic Packaging Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.66%. This is an increase from Graphic Packaging’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, March 14th. Graphic Packaging’s payout ratio is presently 18.52%.

Insider Transactions at Graphic Packaging

In other Graphic Packaging news, CAO Charles D. Lischer sold 12,000 shares of Graphic Packaging stock in a transaction on Monday, November 25th. The stock was sold at an average price of $29.65, for a total transaction of $355,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 49,849 shares of the company’s stock, valued at approximately $1,478,022.85. This trade represents a 19.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by insiders.

About Graphic Packaging

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.