Graphic Packaging Holding (NYSE:GPK) Shares Purchased by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC boosted its stake in Graphic Packaging Holding (NYSE:GPK) by 92.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,432 shares of the industrial products company’s stock after buying an additional 689 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Graphic Packaging were worth $39,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in Graphic Packaging in the third quarter worth $30,000. Crews Bank & Trust acquired a new position in shares of Graphic Packaging during the fourth quarter valued at $32,000. Avior Wealth Management LLC increased its holdings in shares of 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 valued at $35,000 after purchasing an additional 1,242 shares during the period. UMB Bank n.a. increased its holdings in shares of 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 valued at $41,000 after purchasing an additional 549 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Graphic Packaging during the third quarter valued at $73,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on GPK. Robert W. Baird lowered their price target on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Citigroup reissued a “neutral” rating and set a $30.00 price target (down from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Truist Financial raised their price target on 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 Graphic Packaging from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $24.00 to $27.00 in a report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $31.70.

Graphic Packaging Trading Up 0.1 %

Shares of NYSE GPK opened at $26.22 on Wednesday. Graphic Packaging Holding has a one year low of $25.13 and a one year high of $30.70. The firm has a market capitalization of $7.87 billion, a PE ratio of 12.14, a PEG ratio of 2.10 and a beta of 0.81. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71. The business has a 50-day moving average price of $26.98 and a two-hundred day moving average price of $28.24.

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). Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. 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 previous year, the business posted $0.75 earnings per share. The company’s revenue was down 6.8% compared to the same quarter last year. As a group, analysts predict that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal 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 issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend 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 is Friday, March 14th. Graphic Packaging’s payout ratio is currently 20.37%.

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.