Fox Run Management L.L.C. Makes New Investment in Graphic Packaging Holding (NYSE:GPK)

Fox Run Management L.L.C. purchased a new position in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 23,884 shares of the industrial products company's stock, valued at approximately $649,000.

Other large investors have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Graphic Packaging in the fourth quarter worth about $1,673,000. AXQ Capital LP purchased a new position in Graphic Packaging in the 4th quarter worth approximately $452,000. Sei Investments Co. grew its position in Graphic Packaging by 17.7% in the fourth quarter. Sei Investments Co. now owns 2,347,771 shares of the industrial products company's stock valued at $63,765,000 after acquiring an additional 353,663 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Graphic Packaging by 7.9% during the fourth quarter. American Century Companies Inc. now owns 16,555,660 shares of the industrial products company's stock valued at $449,652,000 after purchasing an additional 1,206,295 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Graphic Packaging during the fourth quarter worth $491,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Graphic Packaging Stock Up 0.2 %

Graphic Packaging stock traded up $0.05 during midday trading on Friday, hitting $26.11. The stock had a trading volume of 2,751,329 shares, compared to its average volume of 2,392,384. The business has a fifty day moving average price of $26.76 and a 200 day moving average price of $28.06. Graphic Packaging Holding has a 12 month low of $24.50 and a 12 month high of $30.70. The stock has a market cap of $7.84 billion, a P/E ratio of 12.09, a P/E/G ratio of 2.10 and a beta of 0.81. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71.

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Graphic Packaging (NYSE:GPK - Get Free Report) last issued its quarterly earnings results 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). Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the firm posted $0.75 earnings per share. Graphic Packaging's revenue was down 6.8% compared to the same quarter last year. Research analysts predict that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging Increases Dividend

The firm also recently declared 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 an increase 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 1.69%. The ex-dividend date is Friday, March 14th. Graphic Packaging's dividend payout ratio (DPR) is presently 20.37%.

Analyst Upgrades and Downgrades

GPK has been the topic of several analyst reports. Citigroup reaffirmed a "neutral" rating and set a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Robert W. Baird cut their price target on Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Truist Financial reduced their price target on Graphic Packaging from $31.00 to $30.00 and set a "hold" rating for the company in a report on Monday. Finally, Wells Fargo & Company upgraded Graphic Packaging from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock 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 given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $31.37.

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.