Proficio Capital Partners LLC Invests $478,000 in Graphic Packaging Holding (NYSE:GPK)

Proficio Capital Partners LLC acquired a new stake in Graphic Packaging Holding (NYSE:GPK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 17,597 shares of the industrial products company's stock, valued at approximately $478,000.

A number of other hedge funds have also recently modified their holdings of GPK. Truvestments Capital LLC acquired a new position in shares of Graphic Packaging in the 3rd quarter valued at $30,000. Crews Bank & Trust acquired a new stake in shares of Graphic Packaging during the 4th quarter valued at about $32,000. Avior Wealth Management LLC increased its stake in shares of Graphic Packaging by 2,484.0% in the 4th quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 1,242 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Graphic Packaging by 92.7% in the 4th 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 during the period. Finally, UMB Bank n.a. boosted its position in 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 purchasing an additional 549 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GPK shares. Truist Financial cut their price objective on Graphic Packaging from $31.00 to $30.00 and set a "hold" rating for the company in a research report on Monday. Robert W. Baird reduced their target price on shares of Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company upgraded shares of Graphic Packaging from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $24.00 to $27.00 in a report on Monday, January 6th. Finally, Citigroup reiterated a "neutral" rating and set a $30.00 price objective (down previously from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Graphic Packaging currently has a consensus rating of "Hold" and a consensus price target of $31.37.

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Graphic Packaging Trading Up 0.2 %

Shares of GPK stock traded up $0.05 during trading hours on Friday, hitting $26.11. The company had a trading volume of 2,751,329 shares, compared to its average volume of 2,392,184. Graphic Packaging Holding has a fifty-two week low of $24.50 and a fifty-two week high of $30.70. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.54. The company's fifty day moving average is $26.76 and its 200 day moving average is $28.06. The stock has a market capitalization of $7.84 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81.

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 (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 firm had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.15 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. Graphic Packaging's quarterly revenue was down 6.8% compared to the same quarter last year. Research analysts expect that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Increases Dividend

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