Farther Finance Advisors LLC Trims Stake in Graphic Packaging Holding (NYSE:GPK)

Farther Finance Advisors LLC reduced its position in Graphic Packaging Holding (NYSE:GPK) by 8.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 17,433 shares of the industrial products company’s stock after selling 1,516 shares during the period. Farther Finance Advisors LLC’s holdings in Graphic Packaging were worth $473,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Worldquant Millennium Advisors LLC lifted its holdings in shares of Graphic Packaging by 1.1% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 38,064 shares of the industrial products company’s stock valued at $1,126,000 after purchasing an additional 401 shares during the last quarter. KBC Group NV lifted its holdings in shares of Graphic Packaging by 1.8% in the 3rd quarter. KBC Group NV now owns 26,805 shares of the industrial products company’s stock valued at $793,000 after purchasing an additional 465 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Graphic Packaging by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 9,231 shares of the industrial products company’s stock valued at $251,000 after purchasing an additional 477 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Graphic Packaging by 2.0% in the 4th quarter. Sanctuary Advisors LLC now owns 24,606 shares of the industrial products company’s stock valued at $692,000 after purchasing an additional 486 shares during the last quarter. Finally, Keynote Financial Services LLC lifted its holdings in shares of Graphic Packaging by 6.9% in the 4th quarter. Keynote Financial Services LLC now owns 7,607 shares of the industrial products company’s stock valued at $207,000 after purchasing an additional 492 shares during the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GPK has been the topic of several recent research reports. Wells Fargo & Company upgraded Graphic Packaging from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $24.00 to $27.00 in a research report 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 report on Monday, January 6th. Robert W. Baird dropped their price target 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. Finally, Truist Financial boosted their price target on Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $31.70.

Graphic Packaging Stock Performance

NYSE GPK opened at $26.22 on Monday. 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 business’s 50 day moving average is $26.99 and its two-hundred day moving average is $28.29. Graphic Packaging Holding has a 12-month low of $25.13 and a 12-month high of $30.70. The stock 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.

Graphic Packaging (NYSE:GPK) last released its 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 business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. Research analysts expect that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging Increases Dividend

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

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.