Graphic Packaging Holding (NYSE:GPK) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC trimmed its position in Graphic Packaging Holding (NYSE:GPK - Free Report) by 94.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,372 shares of the industrial products company's stock after selling 386,532 shares during the quarter. Guggenheim Capital LLC's holdings in Graphic Packaging were worth $608,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Picton Mahoney Asset Management lifted its stake in Graphic Packaging by 55.4% in the fourth quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 394 shares during the last quarter. Crews Bank & Trust acquired a new stake in shares of Graphic Packaging in the fourth quarter valued at approximately $32,000. Avior Wealth Management LLC boosted its stake in 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 valued at $35,000 after acquiring an additional 1,242 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Graphic Packaging by 92.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company's stock worth $39,000 after purchasing an additional 689 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Graphic Packaging by 58.2% during the fourth quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company's stock worth $41,000 after acquiring an additional 549 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wells Fargo & Company raised Graphic Packaging from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $24.00 to $27.00 in a report on Monday, January 6th. Raymond James cut their price target on shares of Graphic Packaging from $32.00 to $30.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Truist Financial lowered their price target on shares of Graphic Packaging from $30.00 to $28.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. 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 report on Wednesday, February 5th. Finally, Citigroup restated 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.89.

Graphic Packaging Price Performance

Shares of GPK stock traded up $0.30 during trading hours on Tuesday, hitting $25.62. 2,985,326 shares of the company's stock were exchanged, compared to its average volume of 2,433,571. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. The firm has a market cap of $7.73 billion, a P/E ratio of 11.86, a P/E/G ratio of 2.10 and a beta of 0.80. The firm has a 50 day moving average of $25.73 and a two-hundred day moving average of $27.35. Graphic Packaging Holding has a fifty-two week low of $23.03 and a fifty-two week high of $30.70.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.04). The company had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.15 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The company's quarterly revenue was down 6.8% on a year-over-year basis. During the same period last year, the business earned $0.75 earnings per share. Sell-side analysts forecast that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, April 5th. Investors of record on Saturday, March 15th were issued a $0.11 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.72%. This is a boost from Graphic Packaging's previous quarterly dividend of $0.10. Graphic Packaging's dividend payout ratio (DPR) 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.