Graphic Packaging Holding (NYSE:GPK) Shares Sold by Coyle Financial Counsel LLC

Coyle Financial Counsel LLC decreased its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 47.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,506 shares of the industrial products company’s stock after selling 54,295 shares during the quarter. Coyle Financial Counsel LLC’s holdings in Graphic Packaging were worth $1,616,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Synergy Asset Management LLC raised its stake in Graphic Packaging by 108.6% during the fourth quarter. Synergy Asset Management LLC now owns 64,343 shares of the industrial products company’s stock worth $1,810,000 after acquiring an additional 33,493 shares during the period. Howard Capital Management Group LLC increased its stake in shares of Graphic Packaging by 1.3% in the fourth quarter. Howard Capital Management Group LLC now owns 1,021,143 shares of the industrial products company’s stock valued at $27,734,000 after purchasing an additional 13,175 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Graphic Packaging by 8.0% in the third quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company’s stock valued at $313,957,000 after purchasing an additional 787,266 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of Graphic Packaging in the fourth quarter valued at approximately $51,642,000. Finally, Advocate Group LLC increased its stake in shares of Graphic Packaging by 14.5% in the fourth quarter. Advocate Group LLC now owns 226,399 shares of the industrial products company’s stock valued at $6,149,000 after purchasing an additional 28,703 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.

Analysts Set New Price Targets

GPK has been the topic of several analyst reports. Wells Fargo & Company upgraded 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 note on Monday, January 6th. Citigroup restated a “neutral” rating and issued a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Robert W. Baird dropped their price target on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. StockNews.com lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Truist Financial raised their price objective on shares of Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Graphic Packaging currently has a consensus rating of “Hold” and an average price target of $31.70.

Graphic Packaging Price Performance

NYSE GPK opened at $26.86 on Tuesday. Graphic Packaging Holding has a 12 month low of $25.13 and a 12 month high of $30.70. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.54. The firm has a market capitalization of $8.06 billion, a PE ratio of 12.43, a P/E/G ratio of 2.10 and a beta of 0.84. The company’s 50 day simple moving average is $27.18 and its 200 day simple moving average is $28.49.

Graphic Packaging (NYSE:GPK) last issued 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). The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.15 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The company’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 earnings per share. As a group, equities research analysts forecast that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

Graphic Packaging Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, April 5th. Investors of record on Saturday, March 15th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.64%. This is a boost from Graphic Packaging’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, March 14th. Graphic Packaging’s dividend payout ratio (DPR) is presently 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.