JPMorgan Chase & Co. Has $260.82 Million Holdings in Graphic Packaging Holding (NYSE:GPK)

JPMorgan Chase & Co. lessened its position in Graphic Packaging Holding (NYSE:GPK - Free Report) by 9.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,603,072 shares of the industrial products company's stock after selling 1,007,161 shares during the period. JPMorgan Chase & Co. owned about 3.20% of Graphic Packaging worth $260,819,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in GPK. Picton Mahoney Asset Management grew its stake 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 worth $30,000 after buying an additional 394 shares during the last quarter. Crews Bank & Trust acquired a new position in shares of Graphic Packaging in the 4th quarter worth approximately $32,000. Avior Wealth Management LLC grew its position in Graphic Packaging by 2,484.0% during the 4th quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company's stock worth $35,000 after acquiring an additional 1,242 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Graphic Packaging by 92.7% during 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 in the last quarter. Finally, UMB Bank n.a. raised its position in Graphic Packaging by 58.2% in the 4th quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 549 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

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Graphic Packaging Stock Down 3.8 %

Graphic Packaging stock traded down $1.01 during midday trading on Friday, reaching $25.14. The stock had a trading volume of 5,687,175 shares, compared to its average volume of 2,411,832. Graphic Packaging Holding has a 1-year low of $24.50 and a 1-year high of $30.70. 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's fifty day simple moving average is $26.57 and its 200-day simple moving average is $27.93. The stock has a market capitalization of $7.55 billion, a P/E ratio of 11.64, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.04). Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the previous year, the company posted $0.75 EPS. The business's revenue for the quarter was down 6.8% compared to the same quarter last year. As a group, analysts expect that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

Graphic Packaging Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Graphic Packaging's previous quarterly dividend of $0.10. Graphic Packaging's dividend payout ratio is presently 20.37%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GPK. Robert W. Baird decreased their target price on Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Truist Financial decreased their price objective on shares of Graphic Packaging from $31.00 to $30.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Citigroup reaffirmed a "neutral" rating and issued a $30.00 target price (down from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Finally, Wells Fargo & Company raised 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 report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $31.37.

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.