Dana Investment Advisors Inc. Trims Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Dana Investment Advisors Inc. trimmed its holdings in Graphic Packaging Holding (NYSE:GPK) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 467,472 shares of the industrial products company’s stock after selling 8,354 shares during the period. Dana Investment Advisors Inc.’s holdings in Graphic Packaging were worth $12,697,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC purchased a new position in shares of Graphic Packaging during the 4th quarter valued at $478,000. Assetmark Inc. grew its position in shares of Graphic Packaging by 8.8% during the 4th quarter. Assetmark Inc. now owns 91,781 shares of the industrial products company’s stock valued at $2,493,000 after purchasing an additional 7,398 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Graphic Packaging by 9.0% during the 4th quarter. Victory Capital Management Inc. now owns 836,357 shares of the industrial products company’s stock valued at $22,715,000 after purchasing an additional 68,956 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Graphic Packaging by 92.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 689 shares in the last quarter. Finally, LGT Fund Management Co Ltd. grew its position in shares of Graphic Packaging by 35.1% during the 4th quarter. LGT Fund Management Co Ltd. now owns 24,367 shares of the industrial products company’s stock valued at $662,000 after purchasing an additional 6,336 shares in the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GPK has been the subject of a number of recent analyst reports. Citigroup restated a “neutral” rating and set a $30.00 price target (down from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Truist Financial lifted their price objective on shares of Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Wells Fargo & Company raised shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $24.00 to $27.00 in a report on Monday, January 6th. Finally, Robert W. Baird dropped their price objective on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $31.70.

Graphic Packaging Stock Performance

Graphic Packaging stock opened at $26.24 on Thursday. The company has a market capitalization of $7.88 billion, a PE ratio of 12.15, a P/E/G ratio of 2.10 and a beta of 0.84. The firm has a fifty day simple moving average of $27.05 and a two-hundred day simple moving average of $28.42. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. Graphic Packaging Holding has a twelve month low of $25.13 and a twelve month high of $30.70.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 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 the consensus estimate of $2.15 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The business’s revenue was down 6.8% on a year-over-year basis. During the same period last year, the company posted $0.75 earnings per share. Research analysts expect that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.68%. This is an increase 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 is 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.