Concurrent Investment Advisors LLC Buys 1,376 Shares of Graphic Packaging Holding (NYSE:GPK)

Concurrent Investment Advisors LLC increased its position in Graphic Packaging Holding (NYSE:GPK) by 14.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,133 shares of the industrial products company’s stock after purchasing an additional 1,376 shares during the period. Concurrent Investment Advisors LLC’s holdings in Graphic Packaging were worth $302,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. WealthBridge Capital Management LLC raised its stake in Graphic Packaging by 33.8% during the 4th quarter. WealthBridge Capital Management LLC now owns 10,048 shares of the industrial products company’s stock valued at $273,000 after buying an additional 2,541 shares during the last quarter. Alberta Investment Management Corp lifted its stake in shares of Graphic Packaging by 7.0% during the 4th quarter. Alberta Investment Management Corp now owns 113,423 shares of the industrial products company’s stock valued at $3,081,000 after buying an additional 7,453 shares in the last quarter. Truist Financial Corp boosted its stake in shares of Graphic Packaging by 6.2% in the fourth quarter. Truist Financial Corp now owns 241,302 shares of the industrial products company’s stock worth $6,554,000 after acquiring an additional 14,030 shares during the period. CIBC Asset Management Inc grew its holdings in Graphic Packaging by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 9,231 shares of the industrial products company’s stock valued at $251,000 after buying an additional 477 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its stake in Graphic Packaging by 2.0% during the fourth quarter. Sanctuary Advisors LLC now owns 24,606 shares of the industrial products company’s stock valued at $692,000 after acquiring an additional 486 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

Graphic Packaging Trading Up 1.2 %

Shares of GPK stock opened at $27.20 on Wednesday. Graphic Packaging Holding has a fifty-two week low of $25.13 and a fifty-two week high of $30.70. The firm has a market capitalization of $8.17 billion, a P/E ratio of 12.59, a PEG ratio of 2.10 and a beta of 0.84. The stock’s fifty day moving average is $27.15 and its two-hundred day moving average is $28.49. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results 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 business 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 was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Research analysts expect that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th will be issued a $0.11 dividend. This is a positive change from Graphic Packaging’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Friday, March 14th. Graphic Packaging’s dividend payout ratio is currently 20.37%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company upgraded 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 research report on Monday, January 6th. StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Citigroup reaffirmed a “neutral” rating and set a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Robert W. Baird lowered their price objective on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Finally, Truist Financial increased their target price on Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Four 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.com, the stock presently has an average rating of “Hold” and a consensus 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.