Graphic Packaging Holding (NYSE:GPK) Shares Bought by Xponance Inc.

Xponance Inc. grew its stake in Graphic Packaging Holding (NYSE:GPK) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,690 shares of the industrial products company’s stock after purchasing an additional 2,996 shares during the quarter. Xponance Inc.’s holdings in Graphic Packaging were worth $969,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of GPK. Picton Mahoney Asset Management boosted its holdings in Graphic Packaging by 55.4% in the 4th quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company’s stock worth $30,000 after buying an additional 394 shares during the last quarter. Worldquant Millennium Advisors LLC lifted its position in shares of Graphic Packaging by 1.1% in the third quarter. Worldquant Millennium Advisors LLC now owns 38,064 shares of the industrial products company’s stock valued at $1,126,000 after acquiring an additional 401 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Graphic Packaging by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 9,231 shares of the industrial products company’s stock worth $251,000 after acquiring an additional 477 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of Graphic Packaging by 2.0% during the fourth quarter. Sanctuary Advisors LLC now owns 24,606 shares of the industrial products company’s stock worth $692,000 after purchasing an additional 486 shares in the last quarter. Finally, Keynote Financial Services LLC raised its stake in Graphic Packaging by 6.9% in the 4th quarter. Keynote Financial Services LLC now owns 7,607 shares of the industrial products company’s stock valued at $207,000 after purchasing an additional 492 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $24.00 to $27.00 in a report on Monday, January 6th. Citigroup reaffirmed 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. Truist Financial raised 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. Finally, Robert W. Baird lowered their target price on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Graphic Packaging presently has a consensus rating of “Hold” and a consensus price target of $31.70.

Graphic Packaging Price Performance

Graphic Packaging stock opened at $25.31 on Monday. 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 stock has a market cap of $7.60 billion, a P/E ratio of 11.72, a PEG ratio of 2.10 and a beta of 0.81. The company has a 50-day moving average price of $26.93 and a 200 day moving average price of $28.16. Graphic Packaging Holding has a 12-month low of $25.13 and a 12-month high of $30.70.

Graphic Packaging (NYSE:GPK) last announced its quarterly 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). Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the business earned $0.75 EPS. The firm’s quarterly revenue was down 6.8% on a year-over-year basis. Sell-side analysts anticipate that Graphic Packaging Holding will post 2.47 earnings per share for the current year.

Graphic Packaging Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, March 14th. This is a boost 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 1.74%. 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.