Atlas Capital Advisors Inc. Lowers Position in Graphic Packaging Holding (NYSE:GPK)

Atlas Capital Advisors Inc. reduced its stake in Graphic Packaging Holding (NYSE:GPK) by 31.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,651 shares of the industrial products company’s stock after selling 2,148 shares during the period. Atlas Capital Advisors Inc.’s holdings in Graphic Packaging were worth $126,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GPK. Picton Mahoney Asset Management lifted its holdings in shares of Graphic Packaging by 55.4% in the 4th quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 394 shares during the last quarter. Crews Bank & Trust purchased a new stake in Graphic Packaging in the fourth quarter valued at approximately $32,000. Avior Wealth Management LLC lifted its stake in 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 in the last quarter. Steward Partners Investment Advisory LLC boosted its position 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 buying an additional 689 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of Graphic Packaging by 58.2% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on GPK shares. Robert W. Baird lowered their target price on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company upgraded shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $24.00 to $27.00 in a report on Monday, January 6th. Truist Financial reduced their target price on shares of Graphic Packaging from $31.00 to $30.00 and set a “hold” rating on the stock in a report on Monday, March 24th. Finally, Citigroup restated a “neutral” rating and issued a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a research note 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, Graphic Packaging currently has a consensus rating of “Hold” and a consensus target price of $31.37.

Graphic Packaging Stock Down 3.8 %

Shares of Graphic Packaging stock opened at $25.14 on Friday. Graphic Packaging Holding has a 52-week low of $24.50 and a 52-week high of $30.70. The company has a 50 day moving average of $26.57 and a 200 day moving average of $27.92. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $7.55 billion, a P/E ratio of 11.64, a P/E/G ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK) last released 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 analysts’ expectations of $2.15 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. Graphic Packaging’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same period last year, the firm posted $0.75 earnings per share. As a group, research analysts forecast 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. Stockholders of record on Saturday, March 15th were issued a $0.11 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.75%. This is an increase from Graphic Packaging’s previous quarterly dividend of $0.10. Graphic Packaging’s dividend payout ratio is presently 20.37%.

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.