Concurrent Investment Advisors LLC Grows Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Concurrent Investment Advisors LLC boosted its holdings in Graphic Packaging Holding (NYSE:GPK) by 14.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,133 shares of the industrial products company’s stock after purchasing an additional 1,376 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Graphic Packaging were worth $302,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GPK. Worldquant Millennium Advisors LLC increased 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 acquiring an additional 401 shares during the last quarter. KBC Group NV increased its stake in Graphic Packaging by 1.8% in the third 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 raised its holdings in Graphic Packaging by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 9,231 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 477 shares in the last quarter. Sanctuary Advisors LLC lifted its position in Graphic Packaging by 2.0% in the fourth quarter. Sanctuary Advisors LLC now owns 24,606 shares of the industrial products company’s stock valued at $692,000 after acquiring an additional 486 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Graphic Packaging by 58.2% in the 4th quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 549 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Graphic Packaging Stock Performance

Shares of GPK stock opened at $27.20 on Wednesday. The firm has a market capitalization of $8.17 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 2.10 and a beta of 0.84. The company has a 50 day moving average price of $27.15 and a 200 day moving average price of $28.49. Graphic Packaging Holding has a one year low of $25.13 and a one year high of $30.70. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46.

Graphic Packaging (NYSE:GPK) last announced its quarterly 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 company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.15 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 earnings per share. Sell-side analysts anticipate that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, April 5th. Stockholders 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 dividend yield of 1.62%. The ex-dividend date is Friday, March 14th. This is a positive change from Graphic Packaging’s previous quarterly dividend of $0.10. Graphic Packaging’s dividend payout ratio is 20.37%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GPK shares. Robert W. Baird dropped their target price on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. StockNews.com cut shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Truist Financial raised their price target on Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Citigroup reissued a “neutral” rating and issued a $30.00 price objective (down previously from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Finally, Wells Fargo & Company upgraded Graphic Packaging from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $24.00 to $27.00 in a report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Graphic Packaging currently has a consensus rating of “Hold” and a consensus price target of $31.70.

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.