Dana Investment Advisors Inc. Sells 8,354 Shares of Graphic Packaging Holding (NYSE:GPK)

Dana Investment Advisors Inc. cut its holdings in Graphic Packaging Holding (NYSE:GPK) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 467,472 shares of the industrial products company’s stock after selling 8,354 shares during the period. Dana Investment Advisors Inc. owned approximately 0.16% of Graphic Packaging worth $12,697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in GPK. Howard Capital Management Group LLC increased its position in Graphic Packaging by 0.3% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,007,968 shares of the industrial products company’s stock valued at $29,826,000 after buying an additional 2,969 shares in the last quarter. Farther Finance Advisors LLC increased its position in Graphic Packaging by 663.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 18,949 shares of the industrial products company’s stock valued at $561,000 after buying an additional 16,467 shares in the last quarter. QRG Capital Management Inc. increased its position in Graphic Packaging by 14.5% in the 3rd quarter. QRG Capital Management Inc. now owns 35,331 shares of the industrial products company’s stock valued at $1,045,000 after buying an additional 4,466 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in Graphic Packaging in the 3rd quarter valued at about $289,000. Finally, Advisor Resource Council bought a new stake in Graphic Packaging during the 3rd quarter worth approximately $328,000. 99.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GPK has been the topic of several analyst reports. Robert W. Baird cut their target price 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. Truist Financial lifted their target price on shares of Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Wells Fargo & Company raised shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $24.00 to $27.00 in a research report on Monday, January 6th. Finally, Citigroup reissued a “neutral” rating and set a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $31.70.

Graphic Packaging Trading Up 1.6 %

Shares of GPK stock opened at $26.24 on Thursday. The company has a 50 day moving average of $27.05 and a 200-day moving average of $28.42. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. Graphic Packaging Holding has a 12-month low of $25.13 and a 12-month high of $30.70. The firm has a market cap of $7.88 billion, a P/E ratio of 12.15, a PEG ratio of 2.10 and a beta of 0.84.

Graphic Packaging (NYSE:GPK) last issued 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). Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter in the previous year, the business earned $0.75 EPS. The company’s revenue for the quarter was down 6.8% on a year-over-year basis. Sell-side analysts anticipate 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 paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.68%. This is a positive change from Graphic Packaging’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, March 14th. Graphic Packaging’s payout ratio is currently 20.37%.

Graphic Packaging Company 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.