Keynote Financial Services LLC Grows Position in Graphic Packaging Holding (NYSE:GPK)

Keynote Financial Services LLC grew its stake in Graphic Packaging Holding (NYSE:GPK) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,607 shares of the industrial products company’s stock after buying an additional 492 shares during the quarter. Keynote Financial Services LLC’s holdings in Graphic Packaging were worth $207,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GPK. Truvestments Capital LLC purchased a new stake in Graphic Packaging in the 3rd quarter worth approximately $30,000. Crews Bank & Trust bought a new position in shares of Graphic Packaging in the fourth quarter worth approximately $32,000. Avior Wealth Management LLC increased its stake 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 worth $35,000 after purchasing an additional 1,242 shares in the last quarter. UMB Bank n.a. raised its position in shares of Graphic Packaging by 58.2% during the 4th 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 purchased a new position in shares of Graphic Packaging during the 3rd quarter valued at $73,000. Institutional investors own 99.67% of the company’s stock.

Graphic Packaging Stock Performance

NYSE GPK opened at $26.64 on Friday. The stock has a market capitalization of $8.00 billion, a PE ratio of 12.33, a P/E/G ratio of 2.10 and a beta of 0.84. Graphic Packaging Holding has a 1-year low of $25.13 and a 1-year high of $30.70. The business has a 50 day simple moving average of $27.11 and a two-hundred day simple moving average of $28.45. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.54.

Graphic Packaging (NYSE:GPK) last released 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 net margin of 7.47% and a return on equity of 25.96%. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same period in the previous year, the company earned $0.75 EPS. Graphic Packaging’s revenue for the quarter was down 6.8% compared to the same quarter last year. On average, research analysts predict that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

Graphic Packaging Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, April 5th. Investors of record on Saturday, March 15th will be given a $0.11 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.44 annualized dividend and a yield of 1.65%. This is a positive change from Graphic Packaging’s previous quarterly dividend of $0.10. Graphic Packaging’s dividend payout ratio (DPR) is currently 20.37%.

Analysts Set New Price Targets

GPK has been the subject of a number of analyst reports. Citigroup reiterated a “neutral” rating and issued a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. 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. Truist Financial increased their price objective 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 upgraded shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $24.00 to $27.00 in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Graphic Packaging presently has a consensus rating of “Hold” and an average target price of $31.70.

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.