Skylands Capital LLC Sells 5,450 Shares of Graphic Packaging Holding (NYSE:GPK)

Skylands Capital LLC lessened its stake in Graphic Packaging Holding (NYSE:GPK) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 184,250 shares of the industrial products company’s stock after selling 5,450 shares during the period. Skylands Capital LLC owned approximately 0.06% of Graphic Packaging worth $5,004,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in GPK. Truvestments Capital LLC bought a new stake in shares of Graphic Packaging during the 3rd quarter valued at $30,000. Crews Bank & Trust bought a new stake in shares of Graphic Packaging during the 4th quarter valued at $32,000. Avior Wealth Management LLC grew its position in shares of Graphic Packaging by 2,484.0% during the 4th quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 1,242 shares during the period. UMB Bank n.a. grew its position in shares of Graphic Packaging by 58.2% during the 4th quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 549 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Graphic Packaging during the 3rd quarter valued at $73,000. Institutional investors own 99.67% of the company’s stock.

Graphic Packaging Stock Performance

Graphic Packaging stock opened at $27.10 on Monday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.54. Graphic Packaging Holding has a 1-year low of $25.13 and a 1-year high of $30.70. The firm has a market capitalization of $8.14 billion, a P/E ratio of 12.55, a price-to-earnings-growth ratio of 2.10 and a beta of 0.84. The company’s 50-day moving average is $27.22 and its 200 day moving average is $28.50.

Graphic Packaging (NYSE:GPK) last posted 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 return on equity of 25.96% and a net margin of 7.47%. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same period last year, the company earned $0.75 earnings per share. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. Research analysts forecast 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. Shareholders of record on Saturday, March 15th will be paid a $0.11 dividend. This is an increase from Graphic Packaging’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Friday, March 14th. Graphic Packaging’s dividend payout ratio is currently 20.37%.

Analysts Set New Price Targets

GPK has been the subject of several recent analyst reports. Wells Fargo & Company raised shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $24.00 to $27.00 in a report on Monday, January 6th. StockNews.com cut shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Robert W. Baird decreased their price target on shares of 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 boosted their price target on shares of Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, January 6th. Finally, Citigroup restated a “neutral” rating and set a $30.00 target price (down from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $31.70.

Graphic Packaging 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.