Graphic Packaging Holding (NYSE:GPK) Shares Sold by Cozad Asset Management Inc.

Cozad Asset Management Inc. lowered its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,750 shares of the industrial products company’s stock after selling 1,100 shares during the quarter. Cozad Asset Management Inc.’s holdings in Graphic Packaging were worth $1,949,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. FMR LLC grew its position in shares of Graphic Packaging by 12.6% during the third quarter. FMR LLC now owns 20,460,161 shares of the industrial products company’s stock worth $605,416,000 after buying an additional 2,294,688 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Graphic Packaging by 11.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company’s stock worth $441,990,000 after buying an additional 1,702,764 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of 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. Amundi grew its position in shares of Graphic Packaging by 6.7% during the fourth quarter. Amundi now owns 4,799,090 shares of the industrial products company’s stock worth $128,178,000 after buying an additional 302,168 shares in the last quarter. Finally, Premier Fund Managers Ltd lifted its stake in Graphic Packaging by 9.6% during the third quarter. Premier Fund Managers Ltd now owns 3,441,614 shares of the industrial products company’s stock worth $101,545,000 after purchasing an additional 302,680 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Stock Performance

GPK stock opened at $26.21 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 stock has a market capitalization of $7.87 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 2.10 and a beta of 0.81. Graphic Packaging Holding has a 1 year low of $25.13 and a 1 year high of $30.70. The stock’s fifty day moving average is $26.99 and its two-hundred day moving average is $28.27.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share 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 company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. Graphic Packaging’s revenue for the quarter was down 6.8% compared to the same quarter last year. On average, research analysts predict that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging Increases Dividend

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

Analyst Ratings Changes

GPK has been the topic of several research analyst reports. Citigroup restated a “neutral” rating and set a $30.00 price objective (down from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Robert W. Baird reduced their price objective on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Truist Financial raised their price objective on Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a research note 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 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.