Graphic Packaging Holding (NYSE:GPK) Shares Purchased by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC lifted its position in Graphic Packaging Holding (NYSE:GPK) by 40.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,628 shares of the industrial products company’s stock after acquiring an additional 3,361 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Graphic Packaging were worth $339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. PEAK6 Investments LLC boosted its stake in shares of Graphic Packaging by 119.5% in the first quarter. PEAK6 Investments LLC now owns 7,295 shares of the industrial products company’s stock worth $213,000 after acquiring an additional 44,781 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Graphic Packaging in the first quarter worth approximately $38,000. CreativeOne Wealth LLC acquired a new stake in shares of Graphic Packaging in the first quarter worth approximately $211,000. LGT Group Foundation acquired a new stake in shares of Graphic Packaging in the first quarter worth approximately $134,000. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of Graphic Packaging by 171.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 603,023 shares of the industrial products company’s stock worth $17,631,000 after acquiring an additional 381,112 shares during the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Graphic Packaging Trading Up 0.5 %

NYSE:GPK traded up $0.13 on Monday, reaching $28.01. The company’s stock had a trading volume of 2,877,539 shares, compared to its average volume of 2,670,155. Graphic Packaging Holding has a 12-month low of $20.07 and a 12-month high of $29.50. The company has a quick ratio of 0.52, a current ratio of 1.24 and a debt-to-equity ratio of 1.72. The firm has a market cap of $8.61 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 10.15 and a beta of 0.85. The stock has a 50 day moving average price of $27.23 and a 200 day moving average price of $26.96.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.38 billion. Graphic Packaging had a return on equity of 32.55% and a net margin of 7.36%. The company’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 EPS. On average, equities analysts anticipate that Graphic Packaging Holding will post 2.69 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Saturday, June 15th were issued a $0.10 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.43%. Graphic Packaging’s dividend payout ratio is presently 18.10%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Citigroup reduced their price objective on Graphic Packaging from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Stifel Nicolaus assumed coverage on Graphic Packaging in a research report on Tuesday, July 9th. They set a “buy” rating and a $35.20 price objective on the stock. StockNews.com downgraded Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Wells Fargo & Company reiterated an “underweight” rating and set a $21.00 price objective on shares of Graphic Packaging in a research report on Monday, April 1st. Finally, Truist Financial lifted their price objective on Graphic Packaging from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $29.03.

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.