Wealthfront Advisers LLC Takes Position in Graphic Packaging Holding (NYSE:GPK)

Wealthfront Advisers LLC purchased a new stake in Graphic Packaging Holding (NYSE:GPK) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 46,588 shares of the industrial products company’s stock, valued at approximately $1,265,000.

Other hedge funds have also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new position in shares of Graphic Packaging during the 3rd quarter worth approximately $30,000. Crews Bank & Trust purchased a new position in shares of Graphic Packaging during the 4th quarter worth approximately $32,000. Avior Wealth Management LLC boosted its position in shares of Graphic Packaging by 2,484.0% during the 4th quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 1,242 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of 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. boosted its position in shares of Graphic Packaging by 58.2% during the 4th quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 549 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Graphic Packaging Price Performance

Shares of GPK opened at $26.22 on Friday. Graphic Packaging Holding has a twelve month low of $25.13 and a twelve month high of $30.70. The firm’s fifty day simple moving average is $26.99 and its 200-day simple moving average is $28.30. The firm has a market capitalization of $7.87 billion, a price-to-earnings ratio of 12.14, a PEG 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 (NYSE:GPK) last announced its quarterly earnings data 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 net margin of 7.47% and a return on equity of 25.96%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the previous year, the business posted $0.75 earnings per share. Graphic Packaging’s revenue for the quarter was down 6.8% compared to the same quarter last year. Equities analysts forecast that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

Graphic Packaging Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, April 5th. Investors of record on Saturday, March 15th will be paid a dividend of $0.11 per share. This is a positive change from Graphic Packaging’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.68%. The ex-dividend date is Friday, March 14th. Graphic Packaging’s dividend payout ratio (DPR) is currently 20.37%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Truist Financial raised their price target on shares of Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Robert W. Baird decreased their price target on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company raised shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $24.00 to $27.00 in a research report on Monday, January 6th. Finally, Citigroup reissued a “neutral” rating and issued a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.