Graphic Packaging Holding (NYSE:GPK) Position Raised by Clear Investment Research LLC

Clear Investment Research LLC boosted its stake in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 217,926 shares of the industrial products company's stock after acquiring an additional 9,981 shares during the quarter. Graphic Packaging comprises 7.8% of Clear Investment Research LLC's investment portfolio, making the stock its 3rd biggest holding. Clear Investment Research LLC owned 0.07% of Graphic Packaging worth $5,919,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of GPK. Truvestments Capital LLC acquired a new stake in Graphic Packaging in the third quarter valued at $30,000. Picton Mahoney Asset Management raised its position in shares of 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 worth $30,000 after buying an additional 394 shares during the period. Crews Bank & Trust acquired a new position in Graphic Packaging during the fourth quarter valued at approximately $32,000. Avior Wealth Management LLC boosted its position in shares of 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 worth $35,000 after buying an additional 1,242 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of 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 purchasing an additional 689 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts have commented on GPK shares. Citigroup reaffirmed a "neutral" rating and set a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Truist Financial reduced their price objective on Graphic Packaging from $31.00 to $30.00 and set a "hold" rating for the company in a research report on Monday. Robert W. Baird decreased their price target on shares of Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Finally, 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 report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $31.37.

Graphic Packaging Stock Down 0.3 %

Shares of GPK stock traded down $0.08 during trading hours on Tuesday, hitting $25.25. 2,813,011 shares of the company were exchanged, compared to its average volume of 2,330,638. The company has a market capitalization of $7.58 billion, a PE ratio of 11.69, a PEG ratio of 2.10 and a beta of 0.81. Graphic Packaging Holding has a 52 week low of $24.50 and a 52 week high of $30.70. The business has a 50 day moving average of $26.90 and a two-hundred day moving average of $28.14. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share (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 company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter last year, the business earned $0.75 earnings per share. The company's revenue was down 6.8% on a year-over-year basis. Analysts anticipate that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.74%. This is a positive change from Graphic Packaging's previous quarterly dividend of $0.10. The ex-dividend date is Friday, March 14th. Graphic Packaging's dividend payout ratio (DPR) is presently 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.