Graphic Packaging Holding (NYSE:GPK) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC decreased its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,433 shares of the industrial products company’s stock after selling 1,516 shares during the quarter. Farther Finance Advisors LLC’s holdings in Graphic Packaging were worth $473,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Synergy Asset Management LLC increased its stake in Graphic Packaging by 108.6% during the fourth quarter. Synergy Asset Management LLC now owns 64,343 shares of the industrial products company’s stock worth $1,810,000 after acquiring an additional 33,493 shares during the last quarter. Howard Capital Management Group LLC increased its stake in Graphic Packaging by 1.3% during the fourth quarter. Howard Capital Management Group LLC now owns 1,021,143 shares of the industrial products company’s stock worth $27,734,000 after acquiring an additional 13,175 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Graphic Packaging by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company’s stock worth $313,957,000 after acquiring an additional 787,266 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Graphic Packaging in the fourth quarter valued at $51,642,000. Finally, Advocate Group LLC grew its stake in shares of Graphic Packaging by 14.5% in the fourth quarter. Advocate Group LLC now owns 226,399 shares of the industrial products company’s stock valued at $6,149,000 after buying an additional 28,703 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Analyst Ratings Changes

GPK has been the subject of a number of research reports. Citigroup reaffirmed a “neutral” rating and issued a $30.00 price objective (down from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Wells Fargo & Company raised 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 note on Monday, January 6th. Truist Financial lifted their price objective on Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Finally, Robert W. Baird dropped their price objective on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.70.

Graphic Packaging Trading Up 0.0 %

GPK opened at $26.22 on Monday. Graphic Packaging Holding has a 12 month low of $25.13 and a 12 month high of $30.70. The stock has a market capitalization of $7.87 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 2.10 and a beta of 0.81. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.54. The business has a fifty day moving average price of $26.99 and a 200 day moving average price of $28.29.

Graphic Packaging (NYSE:GPK) last released 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 company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 earnings per share. Sell-side analysts expect that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.68%. 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 payout ratio is 20.37%.

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.