US Bancorp DE Decreases Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

US Bancorp DE reduced its position in shares of Graphic Packaging Holding (NYSE:GPK) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,639 shares of the industrial products company’s stock after selling 408 shares during the period. US Bancorp DE’s holdings in Graphic Packaging were worth $370,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Truvestments Capital LLC purchased a new stake in Graphic Packaging in the third quarter valued at $30,000. Crews Bank & Trust purchased a new stake in Graphic Packaging in the fourth quarter valued at $32,000. Avior Wealth Management LLC lifted its position in 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 during the last quarter. UMB Bank n.a. lifted its position in Graphic Packaging by 58.2% in the fourth quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 549 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Graphic Packaging in the third quarter valued at $73,000. 99.67% of the stock is owned by hedge funds and other institutional investors.

Graphic Packaging Trading Down 0.2 %

Shares of Graphic Packaging stock opened at $26.19 on Friday. Graphic Packaging Holding has a 52-week low of $25.13 and a 52-week high of $30.70. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. The company’s 50-day simple moving average is $27.01 and its 200-day simple moving average is $28.35. The firm has a market cap of $7.86 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The company’s revenue was down 6.8% compared to the same quarter last year. As a group, equities research 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 declared a quarterly dividend, which will be paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.68%. This is a positive change 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 20.37%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GPK shares. Robert W. Baird reduced their price target on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Citigroup reissued 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. Truist Financial upped their target price on shares of Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a report on Monday, January 6th. Finally, Wells Fargo & Company raised shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $24.00 to $27.00 in a report on Monday, January 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.70.

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.