Graphic Packaging Holding (NYSE:GPK) Stock Holdings Increased by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co grew its stake in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 24.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 870,047 shares of the industrial products company's stock after buying an additional 170,593 shares during the period. CANADA LIFE ASSURANCE Co owned 0.29% of Graphic Packaging worth $23,606,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GPK. Picton Mahoney Asset Management raised its holdings in Graphic Packaging by 55.4% in the 4th quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 394 shares during the last quarter. Crews Bank & Trust purchased a new stake in shares of Graphic Packaging in the fourth quarter valued at $32,000. Avior Wealth Management LLC increased its stake in 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 valued at $35,000 after purchasing an additional 1,242 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Graphic Packaging by 92.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company's stock worth $39,000 after buying an additional 689 shares during the period. Finally, UMB Bank n.a. boosted its stake in Graphic Packaging by 58.2% in the 4th quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company's stock worth $41,000 after buying an additional 549 shares during the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Graphic Packaging Stock Up 0.6 %

GPK traded up $0.16 during trading hours on Thursday, reaching $25.33. 2,081,456 shares of the stock traded hands, compared to its average volume of 2,430,718. Graphic Packaging Holding has a fifty-two week low of $23.03 and a fifty-two week high of $30.70. 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 company has a market cap of $7.64 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 2.10 and a beta of 0.80. The firm's fifty day simple moving average is $25.83 and its two-hundred day simple moving average is $27.44.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its quarterly 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 during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter last year, the firm posted $0.75 EPS. The company's revenue was down 6.8% compared to the same quarter last year. As a group, analysts forecast that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, April 5th. Investors of record on Saturday, March 15th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Friday, March 14th. This is a positive change from Graphic Packaging's previous quarterly dividend of $0.10. Graphic Packaging's payout ratio is 20.37%.

Analyst Ratings Changes

GPK has been the topic of several research analyst reports. Truist Financial decreased their target price on shares of Graphic Packaging from $30.00 to $28.00 and set a "hold" rating on the stock in a research report on Tuesday. Citigroup reissued a "neutral" rating and set a $30.00 price objective (down from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Raymond James cut their target price on Graphic Packaging from $32.00 to $30.00 and set an "outperform" rating on the stock in a research report on Tuesday. Wells Fargo & Company raised Graphic Packaging from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $24.00 to $27.00 in a research report 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 for the company in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $30.89.

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.