Hunter Perkins Capital Management LLC Lowers Stock Holdings in Graphic Packaging Holding Company $GPK

Hunter Perkins Capital Management LLC reduced its holdings in Graphic Packaging Holding Company (NYSE:GPK) by 65.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 151,592 shares of the industrial products company’s stock after selling 283,396 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in Graphic Packaging were worth $2,300,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. A. D. Beadell Investment Counsel Inc. increased its stake in shares of Graphic Packaging by 24.5% during the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 46,365 shares of the industrial products company’s stock valued at $698,000 after acquiring an additional 9,135 shares during the last quarter. Salem Investment Counselors Inc. grew its holdings in Graphic Packaging by 50.5% in the fourth quarter. Salem Investment Counselors Inc. now owns 47,859 shares of the industrial products company’s stock valued at $726,000 after purchasing an additional 16,060 shares during the period. SG Americas Securities LLC grew its holdings in Graphic Packaging by 673.5% in the fourth quarter. SG Americas Securities LLC now owns 165,245 shares of the industrial products company’s stock valued at $2,489,000 after purchasing an additional 143,882 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Graphic Packaging by 282.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 62,562 shares of the industrial products company’s stock worth $980,000 after purchasing an additional 46,204 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC purchased a new position in Graphic Packaging during the fourth quarter worth approximately $176,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Graphic Packaging

In other news, CEO Robbert Rietbroek bought 44,278 shares of Graphic Packaging stock in a transaction dated Wednesday, March 4th. The shares were acquired at an average cost of $11.32 per share, with a total value of $501,226.96. Following the completion of the transaction, the chief executive officer owned 44,278 shares in the company, valued at approximately $501,226.96. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.41% of the company’s stock.

Graphic Packaging Price Performance

Shares of NYSE GPK opened at $9.24 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 0.52. Graphic Packaging Holding Company has a 1-year low of $8.78 and a 1-year high of $26.40. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 6.24 and a beta of 0.65. The business has a 50-day moving average of $12.13 and a 200-day moving average of $15.19.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Monday, March 2nd. The industrial products company reported $0.24 EPS for the quarter. The business had revenue of $2.10 billion for the quarter. Graphic Packaging had a return on equity of 16.58% and a net margin of 5.15%. On average, equities analysts anticipate that Graphic Packaging Holding Company will post 2.47 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Sunday, March 15th will be paid a dividend of $0.11 per share. The ex-dividend date is Friday, March 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.8%. Graphic Packaging’s dividend payout ratio (DPR) is currently 29.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GPK shares. Wells Fargo & Company decreased their price target on shares of Graphic Packaging from $11.00 to $9.00 and set an “underweight” rating on the stock in a report on Friday, March 20th. Citigroup dropped their price objective on Graphic Packaging from $16.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Zacks Research cut Graphic Packaging from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 14th. UBS Group lowered their price target on Graphic Packaging from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Monday, January 12th. Finally, Truist Financial set a $14.00 price target on Graphic Packaging in a research note on Wednesday, February 4th. Eight analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $16.00.

Graphic Packaging Profile

Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.

Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.