Graphic Packaging Holding (NYSE:GPK) Position Trimmed by Coyle Financial Counsel LLC

Coyle Financial Counsel LLC decreased its position in Graphic Packaging Holding (NYSE:GPK) by 47.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 59,506 shares of the industrial products company’s stock after selling 54,295 shares during the period. Coyle Financial Counsel LLC’s holdings in Graphic Packaging were worth $1,616,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GPK. FMR LLC boosted its stake in Graphic Packaging by 12.6% in the 3rd quarter. FMR LLC now owns 20,460,161 shares of the industrial products company’s stock worth $605,416,000 after purchasing an additional 2,294,688 shares during the period. Hennessy Advisors Inc. acquired a new position in Graphic Packaging in the 4th quarter worth approximately $51,642,000. Allspring Global Investments Holdings LLC boosted its stake in Graphic Packaging by 11.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company’s stock worth $441,990,000 after purchasing an additional 1,702,764 shares during the period. Boston Trust Walden Corp purchased a new stake in Graphic Packaging in the 4th quarter worth approximately $34,131,000. Finally, JPMorgan Chase & Co. lifted its position 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 buying an additional 787,266 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company upgraded shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $24.00 to $27.00 in a research report on Monday, January 6th. StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Truist Financial increased their target price on shares of Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Robert W. Baird cut 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 report on Wednesday, February 5th. Finally, Citigroup reiterated a “neutral” rating and issued a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $31.70.

Graphic Packaging Stock Down 0.8 %

Graphic Packaging stock opened at $26.86 on Tuesday. The company has a market capitalization of $8.06 billion, a P/E ratio of 12.43, a P/E/G ratio of 2.10 and a beta of 0.84. The firm’s fifty day simple moving average is $27.18 and its 200-day simple moving average is $28.49. 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 Holding has a 1-year low of $25.13 and a 1-year high of $30.70.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $0.59 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 the consensus estimate of $2.15 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The business’s revenue was down 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 EPS. Sell-side analysts forecast that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Increases Dividend

The company 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 $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Graphic Packaging’s previous quarterly dividend of $0.10. Graphic Packaging’s dividend payout ratio (DPR) is 20.37%.

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.