1620 Investment Advisors Inc. Acquires 413 Shares of Graphic Packaging Holding (NYSE:GPK)

1620 Investment Advisors Inc. raised its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,163 shares of the industrial products company’s stock after purchasing an additional 413 shares during the quarter. 1620 Investment Advisors Inc.’s holdings in Graphic Packaging were worth $303,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of GPK. Synergy Asset Management LLC lifted its holdings in shares of Graphic Packaging by 108.6% in the 4th quarter. Synergy Asset Management LLC now owns 64,343 shares of the industrial products company’s stock worth $1,810,000 after acquiring an additional 33,493 shares during the last quarter. Howard Capital Management Group LLC grew its position in shares of Graphic Packaging by 1.3% in the 4th quarter. Howard Capital Management Group LLC now owns 1,021,143 shares of the industrial products company’s stock worth $27,734,000 after buying an additional 13,175 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Graphic Packaging by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company’s stock worth $313,957,000 after purchasing an additional 787,266 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in Graphic Packaging in the 4th quarter worth approximately $51,642,000. Finally, Advocate Group LLC lifted its stake in Graphic Packaging by 14.5% during the 4th quarter. Advocate Group LLC now owns 226,399 shares of the industrial products company’s stock valued at $6,149,000 after acquiring an additional 28,703 shares during the period. Institutional investors own 99.67% of the company’s stock.

Graphic Packaging Price Performance

Shares of GPK stock opened at $26.00 on Friday. Graphic Packaging Holding has a twelve month low of $25.13 and a twelve 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 company has a market capitalization of $7.80 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81. The firm has a fifty day simple moving average of $26.95 and a 200-day simple moving average of $28.21.

Graphic Packaging (NYSE:GPK) last released 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). The firm had revenue of $2.10 billion during 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 firm’s revenue was down 6.8% on a year-over-year basis. During the same period last year, the business earned $0.75 EPS. Equities research analysts anticipate that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.69%. This is a boost from Graphic Packaging’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, March 14th. Graphic Packaging’s dividend payout ratio (DPR) is presently 20.37%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wells Fargo & Company raised shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $24.00 to $27.00 in a report on Monday, January 6th. Truist Financial boosted their price target on shares of Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Robert W. Baird decreased their target price on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Finally, Citigroup reissued 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. 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 $31.70.

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.