Simplicity Wealth LLC Has $406,000 Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Simplicity Wealth LLC cut its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 18.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,964 shares of the industrial products company’s stock after selling 3,340 shares during the period. Simplicity Wealth LLC’s holdings in Graphic Packaging were worth $406,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Graphic Packaging by 12.6% in the third quarter. FMR LLC now owns 20,460,161 shares of the industrial products company’s stock valued at $605,416,000 after buying an additional 2,294,688 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Graphic Packaging in the fourth quarter valued at approximately $51,642,000. Allspring Global Investments Holdings LLC lifted its position in shares of Graphic Packaging by 11.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company’s stock valued at $441,990,000 after buying an additional 1,702,764 shares during the last quarter. Boston Trust Walden Corp acquired a new stake in shares of Graphic Packaging in the fourth quarter valued at approximately $34,131,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Graphic Packaging in the fourth quarter valued at approximately $25,669,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Graphic Packaging Price Performance

Shares of NYSE GPK opened at $27.55 on Tuesday. The firm has a market cap of $8.27 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71. Graphic Packaging Holding has a 1-year low of $25.13 and a 1-year high of $30.70. The business’s 50 day moving average is $27.01 and its 200-day moving average is $28.39.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share 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 the consensus estimate of $2.15 billion. During the same quarter last year, the business posted $0.75 EPS. Graphic Packaging’s revenue for the quarter was down 6.8% on a year-over-year basis. Equities research analysts predict that Graphic Packaging Holding will post 2.47 earnings per share for the current year.

Graphic Packaging Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Graphic Packaging’s previous quarterly dividend of $0.10. Graphic Packaging’s dividend payout ratio (DPR) is 20.37%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Robert W. Baird cut their price objective on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Truist Financial raised their price objective on Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Citigroup reiterated a “neutral” rating and set a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Finally, Wells Fargo & Company upgraded 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 note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Graphic Packaging has an average rating of “Hold” and a consensus price target of $31.70.

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.