Simplicity Wealth LLC Sells 3,340 Shares of Graphic Packaging Holding (NYSE:GPK)

Simplicity Wealth LLC lessened its stake in Graphic Packaging Holding (NYSE:GPK) by 18.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,964 shares of the industrial products company’s stock after selling 3,340 shares during the quarter. Simplicity Wealth LLC’s holdings in Graphic Packaging were worth $406,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Truvestments Capital LLC bought a new stake in Graphic Packaging in the third quarter valued at about $30,000. Crews Bank & Trust bought a new stake in Graphic Packaging in the fourth quarter valued at about $32,000. Avior Wealth Management LLC increased its holdings 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 worth $35,000 after acquiring an additional 1,242 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Graphic Packaging by 92.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 689 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of 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 worth $41,000 after acquiring an additional 549 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

Graphic Packaging Stock Down 0.7 %

NYSE:GPK opened at $27.55 on Tuesday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46. The company has a market cap of $8.27 billion, a PE ratio of 12.75, a PEG ratio of 2.10 and a beta of 0.81. Graphic Packaging Holding has a 52-week low of $25.13 and a 52-week high of $30.70. The stock has a 50-day simple moving average of $27.01 and a 200 day simple moving average of $28.39.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). The firm 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 firm’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 earnings per share. On average, sell-side analysts expect 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 given a dividend of $0.11 per share. The ex-dividend date 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 1.60%. Graphic Packaging’s dividend payout ratio is 20.37%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Citigroup restated a “neutral” rating and issued a $30.00 price target (down from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Truist Financial increased their price target on Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Robert W. Baird lowered their price target on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Finally, Wells Fargo & Company upgraded Graphic Packaging from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $24.00 to $27.00 in a 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 a consensus rating of “Hold” and a consensus price target 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.