Graphic Packaging Holding (NYSE:GPK) Shares Sold by 12th Street Asset Management Company LLC

12th Street Asset Management Company LLC lessened its holdings in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 18.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,135,909 shares of the industrial products company's stock after selling 255,218 shares during the period. Graphic Packaging makes up 5.1% of 12th Street Asset Management Company LLC's holdings, making the stock its 6th biggest position. 12th Street Asset Management Company LLC owned approximately 0.38% of Graphic Packaging worth $30,851,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Truvestments Capital LLC acquired a new stake in shares of Graphic Packaging in the third quarter valued at about $30,000. Crews Bank & Trust purchased a new position in shares of Graphic Packaging in the fourth quarter worth about $32,000. Avior Wealth Management LLC lifted its stake 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 in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Graphic Packaging by 92.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company's stock worth $39,000 after buying an additional 689 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Graphic Packaging by 58.2% in the fourth quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company's stock worth $41,000 after buying an additional 549 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

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Graphic Packaging Trading Up 0.1 %

Shares of Graphic Packaging stock traded up $0.03 on Tuesday, reaching $26.22. The company had a trading volume of 2,742,609 shares, compared to its average volume of 2,321,353. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46. The firm has a market cap of $7.87 billion, a PE ratio of 12.14, a PEG ratio of 2.10 and a beta of 0.81. The firm's 50 day moving average price is $26.99 and its two-hundred day moving average price is $28.27. Graphic Packaging Holding has a 52-week low of $25.13 and a 52-week high of $30.70.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.15 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The company's revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. Sell-side analysts predict that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Investors of record on Saturday, March 15th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.68%. This is a boost from Graphic Packaging's previous quarterly dividend of $0.10. Graphic Packaging's payout ratio is 20.37%.

Analysts Set New Price Targets

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

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.