Graphic Packaging Holding (NYSE:GPK) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 101,569 shares of the industrial products company’s stock after purchasing an additional 6,353 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Graphic Packaging were worth $2,759,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Synergy Asset Management LLC boosted its holdings in shares of Graphic Packaging by 108.6% during the fourth 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 during the last quarter. Howard Capital Management Group LLC boosted its holdings in shares of Graphic Packaging by 1.3% during the fourth quarter. Howard Capital Management Group LLC now owns 1,021,143 shares of the industrial products company’s stock worth $27,734,000 after purchasing an additional 13,175 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 during the period. Hennessy Advisors Inc. purchased a new position in shares of Graphic Packaging in the 4th quarter worth $51,642,000. Finally, Advocate Group LLC raised its position in shares of 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 buying an additional 28,703 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GPK shares. Robert W. Baird cut their target price on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Truist Financial increased their target price on Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Citigroup reaffirmed a “neutral” rating and issued a $30.00 target price (down from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Finally, Wells Fargo & Company raised 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. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $31.70.

Graphic Packaging Trading Up 0.0 %

NYSE:GPK opened at $26.22 on Friday. The business’s 50-day moving average is $27.00 and its two-hundred day moving average is $28.33. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.54. Graphic Packaging Holding has a 12 month low of $25.13 and a 12 month high of $30.70. The firm has a market capitalization of $7.87 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings data 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). Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same period last year, the business earned $0.75 earnings per share. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. Research analysts predict that Graphic Packaging Holding will post 2.47 earnings per share 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. Stockholders of record on Saturday, March 15th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.68%. 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. Graphic Packaging’s payout ratio is presently 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.