Graphic Packaging Holding (NYSE:GPK) Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC decreased its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 303,212 shares of the industrial products company’s stock after selling 887 shares during the period. EverSource Wealth Advisors LLC owned approximately 0.10% of Graphic Packaging worth $8,235,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in Graphic Packaging during the 3rd quarter worth approximately $30,000. Crews Bank & Trust acquired a new stake in shares of Graphic Packaging during the fourth quarter worth $32,000. Avior Wealth Management LLC increased its stake 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 worth $35,000 after acquiring an additional 1,242 shares during the period. Steward Partners Investment Advisory LLC increased its position in Graphic Packaging by 92.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 689 shares during the period. Finally, UMB Bank n.a. grew its holdings in Graphic Packaging by 58.2% during the fourth quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 549 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Price Performance

Shares of NYSE:GPK opened at $27.48 on Wednesday. Graphic Packaging Holding has a one year low of $25.13 and a one year high of $30.70. The stock has a market cap of $8.25 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81. The business’s fifty day moving average price is $27.02 and its two-hundred day moving average price is $28.38. 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 data on Tuesday, February 4th. The industrial products company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 EPS. On average, analysts forecast that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

Graphic Packaging Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, April 5th. Investors of record on Saturday, March 15th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.60%. 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%.

Wall Street Analyst Weigh In

A number of research firms have commented on GPK. Wells Fargo & Company raised Graphic Packaging from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $24.00 to $27.00 in a report on Monday, January 6th. Robert W. Baird lowered their price target on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Citigroup reaffirmed a “neutral” rating and set a $30.00 price objective (down from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Finally, Truist Financial upped their target price on Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.