Mariner LLC Has $3.66 Million Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Mariner LLC reduced its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 18.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 134,828 shares of the industrial products company’s stock after selling 30,782 shares during the quarter. Mariner LLC’s holdings in Graphic Packaging were worth $3,662,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alliancebernstein L.P. increased its stake in Graphic Packaging by 920.6% in the 4th quarter. Alliancebernstein L.P. now owns 4,176,187 shares of the industrial products company’s stock valued at $113,425,000 after buying an additional 3,767,011 shares during the last quarter. Norges Bank bought a new stake in Graphic Packaging during the fourth quarter worth about $98,268,000. Hennessy Advisors Inc. bought a new position in Graphic Packaging in the fourth quarter valued at approximately $51,642,000. Allspring Global Investments Holdings LLC raised its stake in shares of Graphic Packaging by 11.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company’s stock worth $441,990,000 after purchasing an additional 1,702,764 shares in the last quarter. Finally, Boston Trust Walden Corp bought a new position in shares of Graphic Packaging in the fourth quarter valued at $34,131,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Graphic Packaging Stock Up 0.2 %

GPK opened at $24.54 on Tuesday. Graphic Packaging Holding has a fifty-two week low of $23.03 and a fifty-two week high of $30.70. The company has a market capitalization of $7.41 billion, a P/E ratio of 11.36, a P/E/G ratio of 2.10 and a beta of 0.80. The stock has a fifty day moving average of $25.89 and a 200-day moving average of $27.47. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.04). The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.15 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 earnings per share. On average, equities analysts expect that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th were issued a dividend of $0.11 per share. This is a positive change from Graphic Packaging’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Friday, March 14th. Graphic Packaging’s dividend payout ratio is 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.