Proficio Capital Partners LLC Purchases New Position in Graphic Packaging Holding (NYSE:GPK)

Proficio Capital Partners LLC bought a new position in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,597 shares of the industrial products company's stock, valued at approximately $478,000.

Other hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in shares of Graphic Packaging during the third quarter worth $30,000. Crews Bank & Trust bought a new stake in shares of Graphic Packaging during the fourth quarter worth $32,000. Avior Wealth Management LLC grew its stake in shares of Graphic Packaging by 2,484.0% during the fourth quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company's stock worth $35,000 after buying an additional 1,242 shares during the last quarter. UMB Bank n.a. grew its stake in shares of 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 buying an additional 549 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Graphic Packaging during the third quarter worth $73,000. 99.67% of the stock is owned by institutional investors.

Graphic Packaging Stock Up 0.5 %

Shares of NYSE GPK traded up $0.12 during trading on Friday, hitting $26.22. 2,621,071 shares of the company traded hands, compared to its average volume of 2,329,577. The business's fifty day moving average is $27.00 and its 200 day moving average is $28.33. 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 capitalization of $7.87 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 2.10 and a beta of 0.81. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46.

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Graphic Packaging (NYSE:GPK - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.04). The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. Graphic Packaging's revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 EPS. Equities research analysts predict 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 given a dividend of $0.11 per share. 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 dividend yield of 1.68%. Graphic Packaging's payout ratio is presently 20.37%.

Analysts Set New Price Targets

GPK has been the topic of a number of recent research reports. Wells Fargo & Company upgraded shares of Graphic Packaging from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $24.00 to $27.00 in a report on Monday, January 6th. Robert W. Baird cut their price target on shares of 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 lifted their price target on shares of Graphic Packaging from $30.00 to $32.00 and gave the stock a "hold" rating in a report on Monday, January 6th. 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 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 stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $31.70.

About Graphic Packaging

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.