AXQ Capital LP Invests $452,000 in Graphic Packaging Holding (NYSE:GPK)

AXQ Capital LP purchased a new stake in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,630 shares of the industrial products company's stock, valued at approximately $452,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in shares of Graphic Packaging in the 3rd quarter valued at about $30,000. Picton Mahoney Asset Management grew its holdings in Graphic Packaging by 55.4% during the 4th quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company's stock worth $30,000 after acquiring an additional 394 shares during the period. Crews Bank & Trust bought a new stake in shares of Graphic Packaging during the 4th quarter valued at $32,000. Avior Wealth Management LLC lifted its stake in shares of Graphic Packaging by 2,484.0% in the 4th 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. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Graphic Packaging by 92.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company's stock worth $39,000 after purchasing an additional 689 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GPK has been the topic of several analyst reports. Truist Financial cut their target price on Graphic Packaging from $31.00 to $30.00 and set a "hold" rating on the stock in a research note on Monday. Wells Fargo & Company raised shares of Graphic Packaging from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $24.00 to $27.00 in a research report on Monday, January 6th. Citigroup reissued a "neutral" rating and issued a $30.00 target price (down from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Finally, Robert W. Baird dropped 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. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $31.37.

Remove Ads

Graphic Packaging Stock Up 1.0 %

Graphic Packaging stock traded up $0.27 during midday trading on Thursday, reaching $26.06. The stock had a trading volume of 2,130,489 shares, compared to its average volume of 2,317,605. The stock has a market capitalization of $7.82 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81. The firm's fifty day simple moving average is $26.79 and its 200-day simple moving average is $28.08. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46. Graphic Packaging Holding has a 1-year low of $24.50 and a 1-year high of $30.70.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced 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). 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 company posted $0.75 EPS. The business's revenue for the quarter was down 6.8% compared to the same quarter last year. As a group, analysts expect 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 dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Graphic Packaging's previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.69%. Graphic Packaging's dividend 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.