Private Advisor Group LLC Trims Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Private Advisor Group LLC lessened its holdings in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 52.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,229 shares of the industrial products company's stock after selling 14,346 shares during the quarter. Private Advisor Group LLC's holdings in Graphic Packaging were worth $359,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. FMR LLC boosted its position in shares of Graphic Packaging by 12.6% during the 3rd quarter. FMR LLC now owns 20,460,161 shares of the industrial products company's stock valued at $605,416,000 after acquiring an additional 2,294,688 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Graphic Packaging by 11.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company's stock worth $441,990,000 after buying an additional 1,702,764 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Graphic Packaging by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company's stock worth $313,957,000 after buying an additional 787,266 shares during the last quarter. Premier Fund Managers Ltd lifted its position in Graphic Packaging by 9.6% in the 3rd quarter. Premier Fund Managers Ltd now owns 3,441,614 shares of the industrial products company's stock worth $101,545,000 after buying an additional 302,680 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in Graphic Packaging in the 4th quarter worth approximately $51,642,000. Institutional investors own 99.67% of the company's stock.

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Graphic Packaging Trading Up 3.9 %

GPK stock traded up $1.04 during midday trading on Friday, hitting $27.74. The company had a trading volume of 4,293,424 shares, compared to its average volume of 2,321,308. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71. Graphic Packaging Holding has a 52 week low of $25.13 and a 52 week high of $30.70. The stock's 50 day moving average price is $27.01 and its 200 day moving average price is $28.39. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its 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). 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 for the quarter, compared to analysts' expectations of $2.15 billion. During the same period last year, the firm posted $0.75 earnings per share. Graphic Packaging's quarterly revenue was down 6.8% on a year-over-year basis. As a group, equities research analysts expect that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Increases Dividend

The firm also recently announced 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. 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. This represents a $0.44 annualized dividend and a dividend yield of 1.59%. Graphic Packaging's payout ratio is 20.37%.

Wall Street Analyst Weigh In

GPK has been the subject of a number of recent research reports. Truist Financial boosted their target price on Graphic Packaging from $30.00 to $32.00 and gave the stock a "hold" rating in a research report on Monday, January 6th. 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 report on Monday, January 6th. Robert W. Baird dropped their target price on Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Finally, Citigroup restated a "neutral" rating and issued a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $31.70.

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.