Picton Mahoney Asset Management Grows Position in Graphic Packaging Holding (NYSE:GPK)

Picton Mahoney Asset Management raised its holdings in Graphic Packaging Holding (NYSE:GPK) by 55.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,105 shares of the industrial products company’s stock after acquiring an additional 394 shares during the quarter. Picton Mahoney Asset Management’s holdings in Graphic Packaging were worth $30,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Truvestments Capital LLC purchased a new position in shares of Graphic Packaging during the 3rd quarter valued at about $30,000. Crews Bank & Trust purchased a new position in shares of Graphic Packaging during the 4th quarter valued at about $32,000. Avior Wealth Management LLC raised its holdings in shares of Graphic Packaging by 2,484.0% during the 4th quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company’s stock valued at $35,000 after buying an additional 1,242 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Graphic Packaging by 92.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company’s stock valued at $39,000 after buying an additional 689 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings 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 buying an additional 549 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Graphic Packaging Price Performance

GPK opened at $26.21 on Tuesday. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 2.10 and a beta of 0.81. Graphic Packaging Holding has a 1 year low of $25.13 and a 1 year high of $30.70. The stock’s 50 day simple moving average is $26.99 and its 200 day simple moving average is $28.27. 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 issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.15 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. Graphic Packaging’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 earnings per share. As a group, analysts predict that Graphic Packaging Holding will post 2.47 earnings per share for the current year.

Graphic Packaging Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th will be given a $0.11 dividend. This is a positive change from Graphic Packaging’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, March 14th. Graphic Packaging’s dividend payout ratio (DPR) 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.