Graphic Packaging Holding (NYSE:GPK) Shares Bought by Nemes Rush Group LLC

Nemes Rush Group LLC raised its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 7.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 83,548 shares of the industrial products company’s stock after buying an additional 5,885 shares during the period. Nemes Rush Group LLC’s holdings in Graphic Packaging were worth $2,269,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GPK. Vanguard Group Inc. raised its position in Graphic Packaging by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 29,725,347 shares of the industrial products company’s stock valued at $807,340,000 after acquiring an additional 145,209 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Graphic Packaging by 7.9% during the 4th quarter. American Century Companies Inc. now owns 16,555,660 shares of the industrial products company’s stock valued at $449,652,000 after purchasing an additional 1,206,295 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Graphic Packaging by 11.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company’s stock valued at $441,990,000 after purchasing an additional 1,702,764 shares during the period. JPMorgan Chase & Co. boosted its holdings in Graphic Packaging by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company’s stock worth $313,957,000 after buying an additional 787,266 shares in the last quarter. Finally, Amundi grew its position in Graphic Packaging by 6.7% during the fourth quarter. Amundi now owns 4,799,090 shares of the industrial products company’s stock valued at $128,178,000 after buying an additional 302,168 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Stock Performance

Shares of NYSE:GPK opened at $25.96 on Tuesday. The business’s 50 day moving average price is $26.72 and its 200-day moving average price is $28.02. Graphic Packaging Holding has a 1 year low of $24.50 and a 1 year 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 $7.79 billion, a PE ratio of 12.02, a P/E/G ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK) last announced 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). The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period last year, the firm earned $0.75 EPS. As a group, equities research analysts expect that Graphic Packaging Holding will post 2.47 earnings per share 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. Shareholders of record on Saturday, March 15th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.70%. This is a positive change 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 20.37%.

Analysts Set New Price Targets

A number of brokerages have weighed in on GPK. Truist Financial decreased their price objective on shares of Graphic Packaging from $31.00 to $30.00 and set a “hold” rating for the company in a research report on Monday, March 24th. Citigroup reiterated a “neutral” rating and set 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 reduced their target price on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company raised shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $24.00 to $27.00 in a research note on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $31.37.

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.