AlphaQuest LLC Has $496,000 Stock Position in Graphic Packaging Holding (NYSE:GPK)

AlphaQuest LLC reduced its position in Graphic Packaging Holding (NYSE:GPK) by 32.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,253 shares of the industrial products company’s stock after selling 8,596 shares during the period. AlphaQuest LLC’s holdings in Graphic Packaging were worth $496,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Truvestments Capital LLC bought a new position in Graphic Packaging in the 3rd quarter valued at about $30,000. Crews Bank & Trust bought a new position in Graphic Packaging in the 4th quarter valued at about $32,000. Avior Wealth Management LLC raised its holdings in Graphic Packaging by 2,484.0% in 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. Steward Partners Investment Advisory LLC raised its holdings in Graphic Packaging by 92.7% in 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 acquiring an additional 689 shares during the period. Finally, UMB Bank n.a. raised its holdings in Graphic Packaging by 58.2% in 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. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wells Fargo & Company raised shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $24.00 to $27.00 in a report on Monday, January 6th. Citigroup reissued a “neutral” rating and issued a $30.00 price target (down from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Truist Financial raised their target price 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. Finally, Robert W. Baird lowered their target price on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Graphic Packaging presently has a consensus rating of “Hold” and a consensus target price of $31.70.

Graphic Packaging Stock Performance

Shares of NYSE:GPK opened at $26.27 on Thursday. The company’s 50 day simple moving average is $27.03 and its 200 day simple moving average is $28.36. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81. 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.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share (EPS) 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 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% compared to the same quarter last year. During the same period last year, the business earned $0.75 earnings per share. As a group, research analysts predict that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

Graphic Packaging Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Investors of record on Saturday, March 15th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.68%. 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 20.37%.

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.