Wells Fargo & Company MN Grows Stock Position in Graphic Packaging Holding (NYSE:GPK)

Wells Fargo & Company MN lifted its stake in Graphic Packaging Holding (NYSE:GPK) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 194,467 shares of the industrial products company’s stock after buying an additional 608 shares during the quarter. Wells Fargo & Company MN’s holdings in Graphic Packaging were worth $5,282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GPK. Foundry Partners LLC boosted its stake in shares of Graphic Packaging by 6.3% during the 4th quarter. Foundry Partners LLC now owns 22,269 shares of the industrial products company’s stock worth $605,000 after acquiring an additional 1,314 shares in the last quarter. Nemes Rush Group LLC boosted its position in Graphic Packaging by 7.6% during the fourth quarter. Nemes Rush Group LLC now owns 83,548 shares of the industrial products company’s stock worth $2,269,000 after purchasing an additional 5,885 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Graphic Packaging by 920.6% in the fourth quarter. Alliancebernstein L.P. now owns 4,176,187 shares of the industrial products company’s stock valued at $113,425,000 after purchasing an additional 3,767,011 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of Graphic Packaging by 19.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 20,658 shares of the industrial products company’s stock valued at $561,000 after buying an additional 3,334 shares in the last quarter. Finally, Brandywine Global Investment Management LLC raised its stake in shares of Graphic Packaging by 23.8% during the 4th quarter. Brandywine Global Investment Management LLC now owns 338,557 shares of the industrial products company’s stock worth $9,195,000 after buying an additional 64,981 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.

Graphic Packaging Price Performance

Shares of NYSE GPK opened at $24.50 on Monday. The firm has a 50-day simple moving average of $25.93 and a 200-day simple moving average of $27.50. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 2.10 and a beta of 0.80. Graphic Packaging Holding has a 52 week low of $23.03 and a 52 week high of $30.70.

Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The company’s revenue for the quarter 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. On average, equities analysts predict that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th were issued a $0.11 dividend. This is a boost from Graphic Packaging’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Friday, March 14th. Graphic Packaging’s dividend payout ratio is presently 20.37%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GPK. Citigroup reissued a “neutral” rating and issued a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Robert W. Baird cut their target price on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Truist Financial reduced their price target on shares of Graphic Packaging from $31.00 to $30.00 and set a “hold” rating for the company in a research report on Monday, March 24th. Finally, Wells Fargo & Company upgraded 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. 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 data from MarketBeat, Graphic Packaging currently has a consensus rating of “Hold” and a consensus price target of $31.37.

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.