Atlas Capital Advisors Inc. Trims Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Atlas Capital Advisors Inc. cut its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 31.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,651 shares of the industrial products company’s stock after selling 2,148 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in Graphic Packaging were worth $126,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Picton Mahoney Asset Management raised its stake in Graphic Packaging by 55.4% during the 4th quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 394 shares during the last quarter. Crews Bank & Trust acquired a new position in shares of Graphic Packaging in the fourth quarter valued at approximately $32,000. Avior Wealth Management LLC raised its stake in shares of Graphic Packaging by 2,484.0% during the fourth quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 1,242 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Graphic Packaging by 92.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 689 shares during the period. Finally, UMB Bank n.a. grew its position in 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 buying an additional 549 shares during the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Graphic Packaging Trading Down 3.8 %

Shares of Graphic Packaging stock opened at $25.14 on Friday. The company has a 50-day moving average of $26.57 and a two-hundred day moving average of $27.92. Graphic Packaging Holding has a 12-month low of $24.50 and a 12-month high of $30.70. 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 stock has a market cap of $7.55 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings data 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 firm 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 business’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 earnings per share. On average, research analysts anticipate that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

Graphic Packaging Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, April 5th. Investors of record on Saturday, March 15th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.75%. This is a boost from Graphic Packaging’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, March 14th. Graphic Packaging’s dividend payout ratio is presently 20.37%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Truist Financial cut 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 restated 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. Wells Fargo & Company upgraded Graphic Packaging from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $24.00 to $27.00 in a research report on Monday, January 6th. Finally, Robert W. Baird reduced 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, 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.