46,588 Shares in Graphic Packaging Holding (NYSE:GPK) Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new position in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 46,588 shares of the industrial products company's stock, valued at approximately $1,265,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GPK. Howard Capital Management Group LLC lifted its position in Graphic Packaging by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,007,968 shares of the industrial products company's stock worth $29,826,000 after acquiring an additional 2,969 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Graphic Packaging during the 3rd quarter valued at about $271,000. KBC Group NV raised its stake in shares of Graphic Packaging by 1.8% during the 3rd quarter. KBC Group NV now owns 26,805 shares of the industrial products company's stock valued at $793,000 after buying an additional 465 shares during the last quarter. Metis Global Partners LLC raised its stake in shares of Graphic Packaging by 36.4% during the 3rd quarter. Metis Global Partners LLC now owns 18,038 shares of the industrial products company's stock valued at $534,000 after buying an additional 4,809 shares during the last quarter. Finally, Chesapeake Capital Corp IL raised its stake in shares of Graphic Packaging by 27.9% during the 3rd quarter. Chesapeake Capital Corp IL now owns 17,955 shares of the industrial products company's stock valued at $530,000 after buying an additional 3,918 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

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Graphic Packaging Price Performance

Shares of Graphic Packaging stock traded down $0.49 on Wednesday, hitting $25.76. The company's stock had a trading volume of 3,808,351 shares, compared to its average volume of 2,325,108. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46. Graphic Packaging Holding has a 1 year low of $25.13 and a 1 year high of $30.70. The firm has a fifty day moving average price of $26.98 and a 200-day moving average price of $28.24. The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its quarterly earnings results 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). 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 during the quarter, compared to analysts' expectations of $2.15 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. Graphic Packaging's revenue for the quarter was down 6.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Increases Dividend

The company also recently disclosed 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 represents a $0.44 annualized dividend and a yield of 1.71%. This is a boost from Graphic Packaging's previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, March 14th. Graphic Packaging's payout ratio is presently 20.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GPK shares. Wells Fargo & Company upgraded Graphic Packaging from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $24.00 to $27.00 in a research note on Monday, January 6th. Truist Financial lifted their price objective on Graphic Packaging from $30.00 to $32.00 and gave the company a "hold" rating in a research note on Monday, January 6th. Robert W. Baird reduced their price objective on Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. 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 note on Monday, January 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Graphic Packaging has a consensus rating of "Hold" and an average price target 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.