one8zero8 LLC Takes Position in Graphic Packaging Holding (NYSE:GPK)

one8zero8 LLC bought a new stake in Graphic Packaging Holding (NYSE:GPK - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,200 shares of the industrial products company's stock, valued at approximately $386,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Picton Mahoney Asset Management raised its position in Graphic Packaging by 55.4% in the 4th quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company's stock valued at $30,000 after buying an additional 394 shares during the last quarter. Worldquant Millennium Advisors LLC raised its position in Graphic Packaging by 1.1% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 38,064 shares of the industrial products company's stock valued at $1,126,000 after buying an additional 401 shares during the last quarter. KBC Group NV increased its position in shares of Graphic Packaging by 1.8% during the 3rd quarter. KBC Group NV now owns 26,805 shares of the industrial products company's stock worth $793,000 after purchasing an additional 465 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Graphic Packaging by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 9,231 shares of the industrial products company's stock worth $251,000 after purchasing an additional 477 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of Graphic Packaging by 2.0% during the 4th quarter. Sanctuary Advisors LLC now owns 24,606 shares of the industrial products company's stock worth $692,000 after purchasing an additional 486 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have weighed in on GPK. Wells Fargo & Company raised Graphic Packaging from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $24.00 to $27.00 in a research report on Monday, January 6th. 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 research report on Wednesday, February 5th. Citigroup reaffirmed a "neutral" rating and set a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Finally, Truist Financial boosted their target price on Graphic Packaging from $30.00 to $32.00 and gave the stock a "hold" rating 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 data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $31.70.

Graphic Packaging Stock Performance

Shares of GPK stock traded up $0.22 during trading on Thursday, reaching $26.00. 2,989,350 shares of the company's stock were exchanged, compared to its average volume of 2,326,007. The firm's fifty day moving average price is $26.96 and its 200-day moving average price is $28.22. The stock has a market capitalization of $7.80 billion, a PE ratio of 12.03, a PEG ratio of 2.10 and a beta of 0.81. Graphic Packaging Holding has a twelve month low of $25.13 and a twelve month high of $30.70. 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 (NYSE:GPK - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.04). The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.15 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The business's revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 earnings per share. As a group, sell-side analysts anticipate that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, April 5th. Investors of record on Saturday, March 15th will be paid a $0.11 dividend. The ex-dividend date is Friday, March 14th. This is an increase from Graphic Packaging's previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.69%. Graphic Packaging's payout ratio is 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.