Belpointe Asset Management LLC Invests $45,000 in Graphic Packaging Holding (NYSE:GPK)

Belpointe Asset Management LLC purchased a new position in Graphic Packaging Holding (NYSE:GPK – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,018 shares of the industrial products company’s stock, valued at approximately $45,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Accurate Wealth Management LLC purchased a new stake in shares of Graphic Packaging in the fourth quarter worth about $34,000. IFP Advisors Inc increased its position in shares of Graphic Packaging by 1,275.3% in the third quarter. IFP Advisors Inc now owns 2,668 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 2,474 shares during the last quarter. CWM LLC increased its position in shares of Graphic Packaging by 39.2% in the fourth quarter. CWM LLC now owns 3,282 shares of the industrial products company’s stock worth $73,000 after purchasing an additional 924 shares during the last quarter. American International Group Inc. increased its position in shares of Graphic Packaging by 21.6% in the second quarter. American International Group Inc. now owns 4,414 shares of the industrial products company’s stock worth $90,000 after purchasing an additional 783 shares during the last quarter. Finally, Bessemer Group Inc. bought a new position in shares of Graphic Packaging in the third quarter worth approximately $97,000. 94.47% of the stock is owned by hedge funds and other institutional investors.

Graphic Packaging Stock Down 1.6 %

Shares of Graphic Packaging stock opened at $25.01 on Thursday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.64 and a current ratio of 1.62. Graphic Packaging Holding has a 52-week low of $19.08 and a 52-week high of $26.16. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of 12.51, a P/E/G ratio of 0.34 and a beta of 0.97. The company’s 50 day moving average price is $24.98 and its 200-day moving average price is $23.60.

Graphic Packaging (NYSE:GPK – Get Rating) last announced its quarterly earnings results on Tuesday, May 2nd. The industrial products company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.15. Graphic Packaging had a return on equity of 38.99% and a net margin of 6.46%. The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the firm posted $0.48 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. Equities research analysts forecast that Graphic Packaging Holding will post 3.03 EPS for the current year.

Wall Street Analyst Weigh In

GPK has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Graphic Packaging from $28.00 to $30.00 in a research report on Wednesday, May 3rd. Raymond James upped their price objective on shares of Graphic Packaging from $29.00 to $30.00 in a research report on Wednesday, May 3rd. Mizuho increased their price target on shares of Graphic Packaging from $30.00 to $31.00 in a research report on Wednesday, May 3rd. Royal Bank of Canada increased their price target on shares of Graphic Packaging from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, February 9th. Finally, StockNews.com initiated coverage on shares of Graphic Packaging in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $28.78.

Insider Buying and Selling

In related news, EVP Joseph P. Yost sold 60,000 shares of the firm’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $23.99, for a total value of $1,439,400.00. Following the completion of the sale, the executive vice president now owns 209,250 shares of the company’s stock, valued at $5,019,907.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Graphic Packaging news, CFO Stephen R. Scherger sold 160,492 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $25.81, for a total transaction of $4,142,298.52. Following the completion of the transaction, the chief financial officer now owns 427,548 shares of the company’s stock, valued at $11,035,013.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph P. Yost sold 60,000 shares of the firm’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $23.99, for a total value of $1,439,400.00. Following the transaction, the executive vice president now directly owns 209,250 shares of the company’s stock, valued at approximately $5,019,907.50. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

About Graphic Packaging

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Graphic Packaging Holding Co engages in the provision of paper-based packaging solutions for a variety of products to food, beverage and other consumer products companies. It operates through the following business segments: Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other.