Graphic Packaging Holding (NYSE:GPK) Holdings Raised by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC boosted its position in Graphic Packaging Holding (NYSE:GPK - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 347,652 shares of the industrial products company's stock after buying an additional 43,394 shares during the period. Kingsview Wealth Management LLC owned approximately 0.12% of Graphic Packaging worth $9,442,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Choreo LLC increased its stake in shares of Graphic Packaging by 3.7% during the fourth quarter. Choreo LLC now owns 25,448 shares of the industrial products company's stock worth $693,000 after acquiring an additional 908 shares during the period. Verity Asset Management Inc. acquired a new position in Graphic Packaging during the 4th quarter worth approximately $259,000. Hodges Capital Management Inc. raised its stake in shares of Graphic Packaging by 45.8% during the 4th quarter. Hodges Capital Management Inc. now owns 540,644 shares of the industrial products company's stock worth $14,684,000 after buying an additional 169,853 shares in the last quarter. Boston Trust Walden Corp purchased a new stake in shares of Graphic Packaging in the fourth quarter valued at approximately $34,131,000. Finally, Capital Insight Partners LLC grew its holdings in Graphic Packaging by 8.0% during the fourth quarter. Capital Insight Partners LLC now owns 48,890 shares of the industrial products company's stock worth $1,328,000 after acquiring an additional 3,630 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GPK has been the subject of a number of recent analyst reports. Citigroup reissued a "neutral" rating and issued a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Wells Fargo & Company raised shares of Graphic Packaging from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $24.00 to $27.00 in a report on Monday, January 6th. StockNews.com cut shares of Graphic Packaging from a "buy" rating to a "hold" rating in a report on Wednesday, October 30th. Truist Financial boosted their price target on Graphic Packaging from $30.00 to $32.00 and gave the stock a "hold" rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada dropped their price objective on Graphic Packaging from $35.00 to $34.00 and set an "outperform" rating for the company in a research note on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $31.70.

Insider Activity

In other news, CAO Charles D. Lischer sold 12,000 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $29.65, for a total value of $355,800.00. Following the sale, the chief accounting officer now owns 49,849 shares in the company, valued at approximately $1,478,022.85. This represents a 19.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company's stock.

Graphic Packaging Price Performance

NYSE:GPK traded down $0.07 during trading hours on Wednesday, reaching $26.43. 2,094,942 shares of the company traded hands, compared to its average volume of 2,513,941. Graphic Packaging Holding has a 1-year low of $23.47 and a 1-year high of $30.70. The stock has a market cap of $7.93 billion, a P/E ratio of 12.24, a P/E/G ratio of 2.07 and a beta of 0.84. The firm's 50-day moving average is $27.58 and its 200-day moving average is $28.59. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.72.

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 the consensus estimate of $0.63 by ($0.04). Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. 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 earnings per share. The company's revenue was down 6.8% on a year-over-year basis. Equities research analysts expect that Graphic Packaging Holding will post 2.51 earnings per share for the current fiscal year.

Graphic Packaging Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Shareholders 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.44 annualized dividend and a yield of 1.66%. Graphic Packaging's dividend payout ratio (DPR) is 18.52%.

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.