LGT Fund Management Co Ltd. Has $662,000 Stake in Graphic Packaging Holding (NYSE:GPK)

LGT Fund Management Co Ltd. increased its holdings in Graphic Packaging Holding (NYSE:GPK) by 35.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,367 shares of the industrial products company’s stock after buying an additional 6,336 shares during the period. LGT Fund Management Co Ltd.’s holdings in Graphic Packaging were worth $662,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GPK. Truvestments Capital LLC acquired a new stake in shares of Graphic Packaging in the third quarter valued at approximately $30,000. Crews Bank & Trust acquired a new stake in shares of Graphic Packaging in the fourth quarter valued at approximately $32,000. Avior Wealth Management LLC raised its position in shares of Graphic Packaging by 2,484.0% in the fourth quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company’s stock valued at $35,000 after buying an additional 1,242 shares in the last quarter. UMB Bank n.a. increased its stake in Graphic Packaging by 58.2% in the fourth quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 549 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Graphic Packaging in the third quarter valued at approximately $73,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Graphic Packaging Stock Performance

Shares of GPK stock opened at $26.13 on Tuesday. The stock has a market capitalization of $7.84 billion, a P/E ratio of 12.10, a PEG ratio of 2.10 and a beta of 0.84. 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 firm’s 50 day moving average is $27.11 and its 200 day moving average is $28.46. Graphic Packaging Holding has a 12 month low of $25.13 and a 12 month high of $30.70.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings results 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). Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The business 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 company posted $0.75 earnings per share. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Graphic Packaging Holding will post 2.47 earnings per share for the current year.

Graphic Packaging Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Graphic Packaging’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.68%. Graphic Packaging’s dividend payout ratio is currently 20.37%.

Analyst Ratings Changes

A number of research analysts recently issued reports on GPK shares. Truist Financial lifted 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. Robert W. Baird decreased their price objective 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. Citigroup reissued a “neutral” rating and issued a $30.00 price objective (down from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Finally, Wells Fargo & Company raised shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $24.00 to $27.00 in a research note on Monday, January 6th. Four 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.com, Graphic Packaging has a consensus rating of “Hold” and a consensus 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.