one8zero8 LLC Purchases Shares of 14,200 Graphic Packaging Holding (NYSE:GPK)

one8zero8 LLC acquired a new stake in shares of Graphic Packaging Holding (NYSE:GPK) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 14,200 shares of the industrial products company’s stock, valued at approximately $386,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in shares of Graphic Packaging during the 3rd quarter worth about $30,000. Picton Mahoney Asset Management increased its holdings in shares of Graphic Packaging by 55.4% during the fourth quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company’s stock worth $30,000 after buying an additional 394 shares in the last quarter. Crews Bank & Trust bought a new position in shares of Graphic Packaging in the fourth quarter valued at approximately $32,000. Avior Wealth Management LLC boosted its holdings in shares of Graphic Packaging by 2,484.0% in the 4th 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 in the last quarter. Finally, Steward Partners Investment Advisory LLC grew 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 acquiring an additional 689 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Stock Performance

Graphic Packaging stock opened at $26.22 on Monday. Graphic Packaging Holding has a 1 year low of $25.13 and a 1 year high of $30.70. The company’s 50-day moving average is $26.99 and its two-hundred day moving average is $28.29. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71. The company has a market cap of $7.87 billion, a PE ratio of 12.14, a PEG ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). The business 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 earnings per share. Equities analysts anticipate that Graphic Packaging Holding will post 2.47 earnings per share for the current year.

Graphic Packaging Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th will be issued 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 1.68%. This is a boost from Graphic Packaging’s previous quarterly dividend of $0.10. Graphic Packaging’s dividend payout ratio (DPR) is 20.37%.

Analyst Ratings Changes

Several equities analysts have issued reports on GPK shares. Truist Financial lifted 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 price target (down previously from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Wells Fargo & Company upgraded shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $24.00 to $27.00 in a research report on Monday, January 6th. Finally, Robert W. Baird reduced their target price on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.