Inspire Advisors LLC Sells 12,834 Shares of Graphic Packaging Holding (NYSE:GPK)

Inspire Advisors LLC decreased its position in Graphic Packaging Holding (NYSE:GPK - Free Report) by 61.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,015 shares of the industrial products company's stock after selling 12,834 shares during the quarter. Inspire Advisors LLC's holdings in Graphic Packaging were worth $218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of GPK. FMR LLC grew its stake in Graphic Packaging by 12.6% in the third quarter. FMR LLC now owns 20,460,161 shares of the industrial products company's stock worth $605,416,000 after purchasing an additional 2,294,688 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Graphic Packaging by 11.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company's stock worth $441,990,000 after acquiring an additional 1,702,764 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Graphic Packaging by 8.0% in the third quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company's stock worth $313,957,000 after acquiring an additional 787,266 shares during the last quarter. Amundi lifted its holdings in shares of Graphic Packaging by 6.7% during the fourth quarter. Amundi now owns 4,799,090 shares of the industrial products company's stock valued at $128,178,000 after purchasing an additional 302,168 shares in the last quarter. Finally, Premier Fund Managers Ltd lifted its holdings in shares of Graphic Packaging by 9.6% during the third quarter. Premier Fund Managers Ltd now owns 3,441,614 shares of the industrial products company's stock valued at $101,545,000 after purchasing an additional 302,680 shares in the last quarter. Institutional investors own 99.67% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently 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 on the stock in a report on Wednesday, February 5th. Truist Financial upped their price target on Graphic Packaging from $30.00 to $32.00 and gave the company a "hold" rating in a report on Monday, January 6th. Citigroup reissued a "neutral" rating and issued a $30.00 target price (down from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Finally, Wells Fargo & Company raised Graphic Packaging from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $24.00 to $27.00 in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Graphic Packaging presently has an average rating of "Hold" and a consensus price target of $31.70.

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Graphic Packaging Trading Down 4.2 %

Shares of NYSE:GPK opened at $26.27 on Thursday. Graphic Packaging Holding has a 52-week low of $25.13 and a 52-week 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 stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 2.10 and a beta of 0.81. The stock's 50-day simple moving average is $27.03 and its two-hundred day simple moving average is $28.36.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted 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). Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The company had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.15 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. The firm's quarterly revenue was down 6.8% on a year-over-year basis. Analysts expect that Graphic Packaging Holding will post 2.47 EPS for the current 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 given a dividend of $0.11 per share. This is a boost from Graphic Packaging's previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, March 14th. Graphic Packaging's payout ratio is presently 20.37%.

Graphic Packaging Company 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.

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