Caprock Group LLC Sells 2,674 Shares of Graphic Packaging Holding (NYSE:GPK)

Caprock Group LLC reduced its stake in Graphic Packaging Holding (NYSE:GPK) by 24.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,191 shares of the industrial products company’s stock after selling 2,674 shares during the period. Caprock Group LLC’s holdings in Graphic Packaging were worth $223,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in Graphic Packaging by 546.6% in the 3rd quarter. UMB Bank n.a. now owns 944 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 798 shares in the last quarter. Truvestments Capital LLC acquired a new position in Graphic Packaging in the third quarter valued at about $30,000. Crews Bank & Trust bought a new stake in Graphic Packaging during the fourth quarter worth about $32,000. Avior Wealth Management LLC grew its stake in Graphic Packaging by 2,484.0% during the fourth quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company’s stock worth $35,000 after buying an additional 1,242 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Graphic Packaging in the 3rd quarter valued at about $73,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Stock Performance

Shares of GPK stock opened at $26.93 on Friday. The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of 11.51 and a beta of 0.84. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78. The business’s 50-day moving average price is $27.87 and its 200-day moving average price is $28.62. Graphic Packaging Holding has a 12 month low of $23.47 and a 12 month high of $30.70.

Graphic Packaging (NYSE:GPK) last posted 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). Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. The firm’s quarterly revenue was down 6.8% on a year-over-year basis. Equities research analysts forecast that Graphic Packaging Holding will post 2.53 EPS for the current year.

Graphic Packaging Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Investors of record on Saturday, March 15th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.63%. 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 dividend payout ratio is presently 20.37%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Robert W. Baird cut their price target on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday. Royal Bank of Canada reduced their target price on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Citigroup reissued a “neutral” rating and set a $30.00 price target (down previously 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 raised their price objective for the company from $24.00 to $27.00 in a research note on Monday, January 6th. Finally, Truist Financial boosted their target price on Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $31.70.

Insider Buying and Selling

In other news, CAO Charles D. Lischer sold 12,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $29.65, for a total transaction of $355,800.00. Following the completion of the sale, the chief accounting officer now directly owns 49,849 shares in the company, valued at $1,478,022.85. This 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 the SEC website. 1.20% of the stock is owned by corporate 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.