Graphic Packaging Holding (NYSE:GPK) Shares Sold by Tectonic Advisors LLC

Tectonic Advisors LLC decreased its stake in Graphic Packaging Holding (NYSE:GPK - Free Report) by 14.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 233,919 shares of the industrial products company's stock after selling 39,606 shares during the quarter. Tectonic Advisors LLC owned approximately 0.08% of Graphic Packaging worth $6,353,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted its position in Graphic Packaging by 546.6% in the 3rd quarter. UMB Bank n.a. now owns 944 shares of the industrial products company's stock worth $28,000 after purchasing an additional 798 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Graphic Packaging in the 3rd quarter valued at $30,000. Crews Bank & Trust purchased a new stake in Graphic Packaging during the fourth quarter worth $32,000. Avior Wealth Management LLC grew its position in 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 valued at $35,000 after buying an additional 1,242 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in Graphic Packaging in the third quarter valued at $73,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Graphic Packaging

In other news, CAO Charles D. Lischer sold 12,000 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $29.65, for a total transaction of $355,800.00. Following the completion of the sale, the chief accounting officer now owns 49,849 shares in the company, valued at $1,478,022.85. This trade represents a 19.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Citigroup reissued a "neutral" rating and set a $30.00 target price (down from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. StockNews.com lowered Graphic Packaging from a "buy" rating to a "hold" rating in a report on Wednesday, October 30th. Truist Financial upped their target price on Graphic Packaging from $30.00 to $32.00 and gave the stock a "hold" rating in a research note on Monday, January 6th. Robert W. Baird dropped their price target on shares of Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company upgraded shares of Graphic Packaging from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $24.00 to $27.00 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's stock. According to data from MarketBeat.com, Graphic Packaging currently has an average rating of "Hold" and a consensus target price of $31.70.

Graphic Packaging Price Performance

Shares of GPK traded down $0.52 during trading hours on Friday, hitting $26.48. 2,728,904 shares of the stock were exchanged, compared to its average volume of 2,527,352. The stock's 50-day moving average price is $27.80 and its two-hundred day moving average price is $28.61. Graphic Packaging Holding has a 12-month low of $23.47 and a 12-month high of $30.70. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.72 and a current ratio of 1.46. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 2.07 and a beta of 0.84.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its earnings results on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.63 by ($0.04). The business had revenue of $2.10 billion for 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%. Graphic Packaging's quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 EPS. Research analysts expect that Graphic Packaging Holding will post 2.51 earnings per share 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 given a $0.11 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Graphic Packaging's previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.66%. Graphic Packaging's dividend payout ratio is 18.52%.

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.