Graphic Packaging Holding (NYSE:GPK) Stock Position Lifted by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,725,347 shares of the industrial products company’s stock after purchasing an additional 145,209 shares during the period. Vanguard Group Inc. owned approximately 0.10% of Graphic Packaging worth $807,340,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Picton Mahoney Asset Management grew its position in Graphic Packaging by 55.4% in the 4th quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company’s stock valued at $30,000 after buying an additional 394 shares in the last quarter. Crews Bank & Trust acquired a new stake in shares of Graphic Packaging in the 4th quarter worth approximately $32,000. Avior Wealth Management LLC boosted its holdings in shares of Graphic Packaging by 2,484.0% in the fourth quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 1,242 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Graphic Packaging by 92.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 689 shares during the period. Finally, UMB Bank n.a. raised its holdings in 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 in the last quarter. 99.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GPK has been the subject of a number of research reports. Truist Financial decreased their price target on Graphic Packaging from $31.00 to $30.00 and set a “hold” rating for the company in a research note on Monday, March 24th. Citigroup reaffirmed a “neutral” rating and set a $30.00 target price (down from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Wells Fargo & Company raised shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $24.00 to $27.00 in a report on Monday, January 6th. Finally, Robert W. Baird lowered their price objective on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Graphic Packaging currently has an average rating of “Hold” and a consensus price target of $31.37.

Graphic Packaging Stock Up 0.2 %

Shares of Graphic Packaging stock opened at $26.11 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. Graphic Packaging Holding has a 12-month low of $24.50 and a 12-month high of $30.70. The firm has a market capitalization of $7.84 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81. The stock’s fifty day moving average is $26.76 and its 200-day moving average is $28.05.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 25.96% and a net margin of 7.47%. Graphic Packaging’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 EPS. Equities analysts anticipate that Graphic Packaging Holding will post 2.47 earnings per share for the current year.

Graphic Packaging Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.69%. This is a boost 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 20.37%.

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.