Rinkey Investments Takes $279,000 Position in Graphic Packaging Holding (NYSE:GPK)

Rinkey Investments acquired a new stake in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,275 shares of the industrial products company's stock, valued at approximately $279,000.

A number of other large investors have also bought and sold shares of the company. Aquatic Capital Management LLC purchased a new stake in Graphic Packaging in the fourth quarter worth $434,000. Oxford Asset Management LLP purchased a new position in shares of Graphic Packaging in the fourth quarter valued at $429,000. Crossingbridge Advisors LLC purchased a new position in shares of Graphic Packaging in the fourth quarter valued at $1,086,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Graphic Packaging in the fourth quarter valued at $1,327,000. Finally, Fuller & Thaler Asset Management Inc. grew its position in shares of Graphic Packaging by 5.7% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 14,600,941 shares of the industrial products company's stock valued at $396,562,000 after purchasing an additional 788,066 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GPK has been the subject of several recent research reports. Wells Fargo & Company upgraded Graphic Packaging from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $24.00 to $27.00 in a research report on Monday, January 6th. Citigroup reiterated a "neutral" rating and issued a $30.00 price target (down from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Truist Financial dropped their price objective on Graphic Packaging from $30.00 to $28.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Raymond James lowered their price target on Graphic Packaging from $32.00 to $30.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, Robert W. Baird cut their price objective on Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $30.89.

Graphic Packaging Price Performance

Shares of NYSE GPK traded up $0.30 during midday trading on Tuesday, hitting $25.62. 2,985,326 shares of the company's stock were exchanged, compared to its average volume of 2,431,259. Graphic Packaging Holding has a 12-month low of $23.03 and a 12-month high of $30.70. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71. The company has a market cap of $7.73 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 2.10 and a beta of 0.80. The business's fifty day moving average price is $25.70 and its two-hundred day moving average price is $27.33.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued 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). The firm had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.15 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The firm's quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 EPS. As a group, research analysts forecast that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

Graphic Packaging Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th were paid a $0.11 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.44 annualized dividend and a yield of 1.72%. This is a positive change from Graphic Packaging's previous quarterly dividend of $0.10. Graphic Packaging's dividend payout ratio is currently 20.37%.

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.