Graphic Packaging Holding (NYSE:GPK) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,909 shares of the industrial products company's stock after purchasing an additional 9,970 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Graphic Packaging were worth $2,116,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Synergy Asset Management LLC increased its stake in shares of Graphic Packaging by 108.6% during the 4th quarter. Synergy Asset Management LLC now owns 64,343 shares of the industrial products company's stock worth $1,810,000 after purchasing an additional 33,493 shares in the last quarter. Howard Capital Management Group LLC grew its stake in Graphic Packaging by 1.3% in the 4th quarter. Howard Capital Management Group LLC now owns 1,021,143 shares of the industrial products company's stock worth $27,734,000 after acquiring an additional 13,175 shares during the period. JPMorgan Chase & Co. grew its stake in Graphic Packaging by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company's stock worth $313,957,000 after acquiring an additional 787,266 shares during the period. Hennessy Advisors Inc. purchased a new stake in Graphic Packaging in the 4th quarter worth approximately $51,642,000. Finally, Advocate Group LLC grew its stake in Graphic Packaging by 14.5% in the 4th quarter. Advocate Group LLC now owns 226,399 shares of the industrial products company's stock worth $6,149,000 after acquiring an additional 28,703 shares during the period. 99.67% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Graphic Packaging Trading Up 0.8 %

Shares of GPK traded up $0.22 during mid-day trading on Thursday, reaching $26.00. The company had a trading volume of 2,989,226 shares, compared to its average volume of 2,326,007. The stock has a market cap of $7.80 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81. The firm has a fifty day simple moving average of $26.96 and a 200-day simple moving average of $28.22. Graphic Packaging Holding has a fifty-two week low of $25.13 and a fifty-two week 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.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its 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). The business 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%. The business's revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 EPS. On average, sell-side analysts anticipate that Graphic Packaging Holding will post 2.47 EPS 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. Investors of record on Saturday, March 15th will be issued a dividend of $0.11 per share. This is a positive change from Graphic Packaging's previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.69%. Graphic Packaging's payout ratio is presently 20.37%.

Analyst Ratings Changes

Several analysts have commented on the stock. Wells Fargo & Company raised shares of Graphic Packaging from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $24.00 to $27.00 in a research note on Monday, January 6th. Truist Financial lifted their target price on shares of 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 lowered 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 note on Wednesday, February 5th. Finally, Citigroup reiterated a "neutral" rating and issued a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $31.70.

Graphic Packaging 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.