Coyle Financial Counsel LLC Sells 54,295 Shares of Graphic Packaging Holding (NYSE:GPK)

Coyle Financial Counsel LLC decreased its holdings in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 47.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 59,506 shares of the industrial products company's stock after selling 54,295 shares during the period. Coyle Financial Counsel LLC's holdings in Graphic Packaging were worth $1,616,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GPK. Concurrent Investment Advisors LLC boosted its stake in Graphic Packaging by 14.1% during the 4th quarter. Concurrent Investment Advisors LLC now owns 11,133 shares of the industrial products company's stock worth $302,000 after acquiring an additional 1,376 shares during the last quarter. WealthBridge Capital Management LLC boosted its position in shares of Graphic Packaging by 33.8% during the fourth quarter. WealthBridge Capital Management LLC now owns 10,048 shares of the industrial products company's stock worth $273,000 after purchasing an additional 2,541 shares in the last quarter. Alberta Investment Management Corp grew its holdings in shares of Graphic Packaging by 7.0% in the 4th quarter. Alberta Investment Management Corp now owns 113,423 shares of the industrial products company's stock valued at $3,081,000 after buying an additional 7,453 shares during the period. Truist Financial Corp increased its position in shares of Graphic Packaging by 6.2% in the 4th quarter. Truist Financial Corp now owns 241,302 shares of the industrial products company's stock valued at $6,554,000 after buying an additional 14,030 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Graphic Packaging by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 9,231 shares of the industrial products company's stock valued at $251,000 after buying an additional 477 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

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Graphic Packaging Stock Performance

Shares of GPK traded up $0.37 during trading hours on Friday, hitting $26.64. The company had a trading volume of 2,794,588 shares, compared to its average volume of 2,353,743. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 2.10 and a beta of 0.84. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. Graphic Packaging Holding has a 12 month low of $25.13 and a 12 month high of $30.70. The business has a fifty day moving average of $27.12 and a 200-day moving average of $28.46.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its 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). The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.15 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. Graphic Packaging's revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. Equities analysts anticipate that Graphic Packaging Holding will post 2.47 EPS 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. Shareholders 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 yield of 1.65%. This is an increase from Graphic Packaging's previous quarterly dividend of $0.10. Graphic Packaging's payout ratio is currently 20.37%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GPK. Robert W. Baird lowered their price target on Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company raised Graphic Packaging from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $24.00 to $27.00 in a research note on Monday, January 6th. Truist Financial lifted 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, Citigroup restated a "neutral" rating and issued a $30.00 price target (down from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Graphic Packaging 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.