Oppenheimer & Co. Inc. Invests $1.64 Million in Graphic Packaging Holding (NYSE:GPK)

Oppenheimer & Co. Inc. purchased a new position in Graphic Packaging Holding (NYSE:GPK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 60,210 shares of the industrial products company's stock, valued at approximately $1,635,000.

Other large investors have also modified their holdings of the company. Truvestments Capital LLC acquired a new position in Graphic Packaging during the 3rd quarter worth $30,000. Crews Bank & Trust acquired a new stake in Graphic Packaging in the fourth quarter valued at approximately $32,000. Avior Wealth Management LLC lifted 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 worth $35,000 after acquiring an additional 1,242 shares during the last quarter. UMB Bank n.a. grew its holdings in Graphic Packaging by 58.2% during the 4th 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Graphic Packaging in the 3rd quarter valued at approximately $73,000. Hedge funds and other institutional investors own 99.67% of the company's stock.

Graphic Packaging Stock Performance

Shares of Graphic Packaging stock traded up $1.04 during trading on Friday, reaching $27.74. The company's stock had a trading volume of 4,293,424 shares, compared to its average volume of 2,323,318. The company has a 50-day moving average price of $27.01 and a two-hundred day moving average price of $28.39. Graphic Packaging Holding has a fifty-two week low of $25.13 and a fifty-two week high of $30.70. The firm has a market cap of $8.33 billion, a PE ratio of 12.84, a P/E/G ratio of 2.10 and a beta of 0.84. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71.

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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 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 business had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.15 billion. During the same period in the previous year, the company posted $0.75 earnings per share. Graphic Packaging's quarterly revenue was down 6.8% on a year-over-year basis. On average, analysts forecast that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Graphic Packaging's previous quarterly dividend of $0.10. Graphic Packaging's dividend payout ratio is 20.37%.

Analyst Ratings Changes

A number of equities analysts recently commented on GPK shares. Citigroup reiterated a "neutral" rating and set a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Truist Financial lifted their price target on Graphic Packaging from $30.00 to $32.00 and gave the stock a "hold" rating in a report on Monday, January 6th. Robert W. Baird dropped their price objective on Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Finally, Wells Fargo & Company upgraded Graphic Packaging from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $24.00 to $27.00 in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price 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.