Atria Investments Inc Reduces Position in Graphic Packaging Holding (NYSE:GPK)

Atria Investments Inc lowered its stake in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 19.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 123,025 shares of the industrial products company's stock after selling 30,245 shares during the quarter. Atria Investments Inc's holdings in Graphic Packaging were worth $3,341,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GPK. FMR LLC raised its stake in Graphic Packaging by 12.6% in the third quarter. FMR LLC now owns 20,460,161 shares of the industrial products company's stock valued at $605,416,000 after purchasing an additional 2,294,688 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in Graphic Packaging in the fourth quarter valued at approximately $51,642,000. Allspring Global Investments Holdings LLC raised its stake in Graphic Packaging by 11.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company's stock valued at $441,990,000 after purchasing an additional 1,702,764 shares in the last quarter. Boston Trust Walden Corp purchased a new stake in Graphic Packaging in the fourth quarter valued at approximately $34,131,000. Finally, JPMorgan Chase & Co. raised its stake in Graphic Packaging by 8.0% in the third quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company's stock valued at $313,957,000 after purchasing an additional 787,266 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 brokerages have commented on GPK. Robert W. Baird reduced their price target on shares of 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 raised Graphic Packaging from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $24.00 to $27.00 in a research report on Monday, January 6th. Truist Financial lifted 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. Finally, Citigroup reaffirmed a "neutral" rating and issued a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Four investment 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 company currently has a consensus rating of "Hold" and a consensus price target of $31.70.

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Graphic Packaging Trading Down 0.1 %

Graphic Packaging stock traded down $0.04 during trading on Monday, reaching $27.70. 1,706,781 shares of the company were exchanged, compared to its average volume of 2,317,934. Graphic Packaging Holding has a 52-week low of $25.13 and a 52-week high of $30.70. The company has a market capitalization of $8.31 billion, a P/E ratio of 12.81, 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 stock's 50 day simple moving average is $27.01 and its two-hundred day simple moving average is $28.39.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its earnings results 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). The business had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.15 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. Graphic Packaging's revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 EPS. On average, equities research 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 announced a quarterly dividend, which will be paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Graphic Packaging's previous quarterly dividend of $0.10. Graphic Packaging's dividend payout ratio (DPR) is 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.