Sei Investments Co. Has $63.77 Million Stake in Graphic Packaging Holding (NYSE:GPK)

Sei Investments Co. boosted its position in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 17.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,347,771 shares of the industrial products company's stock after buying an additional 353,663 shares during the period. Sei Investments Co. owned approximately 0.78% of Graphic Packaging worth $63,765,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GPK. Truvestments Capital LLC bought a new stake in shares of Graphic Packaging during the 3rd quarter worth approximately $30,000. Picton Mahoney Asset Management raised its position in Graphic Packaging by 55.4% during the fourth quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 394 shares in the last quarter. Crews Bank & Trust bought a new stake in Graphic Packaging during the fourth quarter worth $32,000. Avior Wealth Management LLC boosted its holdings 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 in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake 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 valued at $39,000 after purchasing an additional 689 shares during the last quarter. 99.67% of the stock is owned by institutional investors.

Remove Ads

Analysts Set New Price Targets

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

Graphic Packaging Trading Up 1.0 %

Shares of Graphic Packaging stock traded up $0.27 on Thursday, hitting $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 50 day moving average of $26.83 and a 200 day moving average of $28.10. 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 twelve month low of $24.50 and a twelve month high of $30.70. The firm has a market capitalization of $7.82 billion, a P/E ratio of 12.06, a PEG ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its quarterly earnings results 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 net margin of 7.47% and a return on equity of 25.96%. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the previous year, the business posted $0.75 EPS. Graphic Packaging's revenue was down 6.8% on a year-over-year basis. Sell-side analysts expect 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 will be paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th will be given a $0.11 dividend. 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. This is a positive change from Graphic Packaging's previous quarterly dividend of $0.10. Graphic Packaging's payout ratio is 20.37%.

Graphic Packaging 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.