LGT Fund Management Co Ltd. Buys 6,336 Shares of Graphic Packaging Holding (NYSE:GPK)

LGT Fund Management Co Ltd. raised its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 35.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,367 shares of the industrial products company’s stock after buying an additional 6,336 shares during the period. LGT Fund Management Co Ltd.’s holdings in Graphic Packaging were worth $662,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GPK. Truvestments Capital LLC bought a new position in shares of Graphic Packaging in the third quarter worth about $30,000. Crews Bank & Trust bought a new position in shares of Graphic Packaging in the fourth quarter worth about $32,000. Avior Wealth Management LLC increased its stake in shares of Graphic Packaging by 2,484.0% in 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 during the period. UMB Bank n.a. increased 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 worth $41,000 after purchasing an additional 549 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Graphic Packaging during the third quarter worth about $73,000. 99.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Graphic Packaging Price Performance

GPK stock opened at $26.13 on Tuesday. The stock has a 50-day moving average price of $27.11 and a two-hundred day moving average price of $28.46. The stock has a market cap of $7.84 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 2.10 and a beta of 0.84. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71. 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 for the quarter, missing the consensus estimate of $0.63 by ($0.04). The company 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%. Graphic Packaging’s revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 EPS. Equities analysts forecast that Graphic Packaging Holding will post 2.47 EPS 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. Investors of record on Saturday, March 15th will be paid a $0.11 dividend. This is an increase from Graphic Packaging’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.68%. The ex-dividend date is Friday, March 14th. Graphic Packaging’s dividend payout ratio (DPR) is 20.37%.

About Graphic Packaging

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.