Whittier Trust Co. Has $9.79 Million Holdings in Graphic Packaging Holding (NYSE:GPK)

Whittier Trust Co. lifted its position in Graphic Packaging Holding (NYSE:GPK) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 360,673 shares of the industrial products company’s stock after purchasing an additional 12,391 shares during the quarter. Whittier Trust Co. owned 0.12% of Graphic Packaging worth $9,792,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Truvestments Capital LLC bought a new stake in shares of Graphic Packaging in the 3rd quarter valued at approximately $30,000. Picton Mahoney Asset Management grew its position in Graphic Packaging by 55.4% in the fourth quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 394 shares during the period. Crews Bank & Trust acquired a new position in Graphic Packaging during the fourth quarter worth $32,000. Avior Wealth Management LLC lifted its holdings in shares of Graphic Packaging by 2,484.0% during the fourth quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 1,242 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Graphic Packaging by 92.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 689 shares in the last quarter. 99.67% of the stock is owned by institutional investors.

Graphic Packaging Stock Up 0.8 %

Shares of GPK opened at $26.00 on Friday. The business’s fifty day moving average price is $26.95 and its two-hundred day moving average price is $28.21. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 2.10 and a beta of 0.81. Graphic Packaging Holding has a 52 week low of $25.13 and a 52 week high of $30.70. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share (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 net margin of 7.47% and a return on equity of 25.96%. Graphic Packaging’s revenue was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 EPS. On average, analysts predict that Graphic Packaging Holding will post 2.47 earnings per share for the current year.

Graphic Packaging Increases Dividend

The firm also recently disclosed 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 is a positive change from Graphic Packaging’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.69%. The ex-dividend date is Friday, March 14th. Graphic Packaging’s dividend payout ratio is currently 20.37%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Citigroup reissued a “neutral” rating and set a $30.00 price target (down from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Truist Financial lifted their target price on shares of Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Robert W. Baird decreased their price target 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. Finally, Wells Fargo & Company raised Graphic Packaging from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $24.00 to $27.00 in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.70.

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.