CVA Family Office LLC Acquires New Position in Graphic Packaging Holding (NYSE:GPK)

CVA Family Office LLC acquired a new stake in shares of Graphic Packaging Holding (NYSE:GPK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,531 shares of the industrial products company’s stock, valued at approximately $62,000.

Other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC raised its holdings in Graphic Packaging by 13.6% in the first quarter. Advisory Services Network LLC now owns 3,600 shares of the industrial products company’s stock worth $92,000 after buying an additional 431 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in Graphic Packaging by 4.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,648 shares of the industrial products company’s stock valued at $271,000 after purchasing an additional 483 shares during the period. DAVENPORT & Co LLC boosted its holdings in shares of Graphic Packaging by 3.6% during the 3rd quarter. DAVENPORT & Co LLC now owns 14,391 shares of the industrial products company’s stock valued at $321,000 after purchasing an additional 500 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of Graphic Packaging by 0.9% during the 2nd quarter. Baird Financial Group Inc. now owns 56,009 shares of the industrial products company’s stock valued at $1,346,000 after acquiring an additional 508 shares during the last quarter. Finally, Outlook Wealth Advisors LLC increased its position in Graphic Packaging by 3.0% in the third quarter. Outlook Wealth Advisors LLC now owns 18,295 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 527 shares during the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Joseph P. Yost sold 70,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $26.20, for a total transaction of $1,834,000.00. Following the transaction, the executive vice president now directly owns 205,231 shares in the company, valued at $5,377,052.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. StockNews.com cut shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Robert W. Baird lifted their price target on Graphic Packaging from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Citigroup upped their price objective on Graphic Packaging from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, Wells Fargo & Company raised their price objective on Graphic Packaging from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $28.22.

Graphic Packaging Trading Up 0.7 %

Shares of NYSE GPK opened at $29.09 on Thursday. Graphic Packaging Holding has a fifty-two week low of $20.07 and a fifty-two week high of $29.28. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.42 and a current ratio of 1.10. The company has a market cap of $8.90 billion, a price-to-earnings ratio of 12.38 and a beta of 0.83. The business’s 50 day moving average price is $26.19 and its 200-day moving average price is $24.06.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.40 billion. Graphic Packaging had a net margin of 7.67% and a return on equity of 35.66%. The firm’s revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 EPS. On average, sell-side analysts expect that Graphic Packaging Holding will post 2.71 earnings per share for the current year.

Graphic Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, March 14th. Graphic Packaging’s dividend payout ratio (DPR) is presently 17.02%.

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.