Bank Julius Baer & Co. Ltd Zurich Has $11.95 Million Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Bank Julius Baer & Co. Ltd Zurich grew its holdings in Graphic Packaging Holding (NYSE:GPK - Free Report) by 27.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 423,560 shares of the industrial products company's stock after buying an additional 91,825 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned 0.14% of Graphic Packaging worth $11,953,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Howard Capital Management Group LLC lifted its position in shares of Graphic Packaging by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 1,007,968 shares of the industrial products company's stock worth $29,826,000 after purchasing an additional 2,969 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of Graphic Packaging by 14.5% in the 3rd quarter. QRG Capital Management Inc. now owns 35,331 shares of the industrial products company's stock worth $1,045,000 after acquiring an additional 4,466 shares in the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of Graphic Packaging during the 3rd quarter worth about $289,000. Markel Group Inc. lifted its position in Graphic Packaging by 17.9% in the 3rd quarter. Markel Group Inc. now owns 394,725 shares of the industrial products company's stock valued at $11,680,000 after acquiring an additional 60,000 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of Graphic Packaging by 846.4% during the third quarter. Assetmark Inc. now owns 84,383 shares of the industrial products company's stock valued at $2,497,000 after purchasing an additional 75,467 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of brokerages recently issued reports on GPK. Citigroup reiterated a "neutral" rating and issued a $30.00 price objective (down previously from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Truist Financial lifted their price target on shares of Graphic Packaging from $30.00 to $32.00 and gave the stock a "hold" rating in a research note on Monday, January 6th. Robert W. Baird dropped their price target on shares of Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company upgraded Graphic Packaging from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $24.00 to $27.00 in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $31.70.

Graphic Packaging Trading Down 4.2 %

Shares of GPK traded down $1.16 during mid-day trading on Wednesday, reaching $26.27. The company had a trading volume of 4,670,767 shares, compared to its average volume of 2,341,512. The firm has a fifty day simple moving average of $27.03 and a 200-day simple moving average of $28.36. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81. Graphic Packaging Holding has a fifty-two week low of $25.13 and a fifty-two week high of $30.70. 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). The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The business's quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. On average, sell-side analysts anticipate that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

Graphic Packaging Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, April 5th. Investors of record on Saturday, March 15th will be paid a dividend of $0.11 per share. 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 1.68%. Graphic Packaging's dividend payout ratio is presently 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.