Segall Bryant & Hamill LLC Acquires 16,569 Shares of Graphic Packaging Holding (NYSE:GPK)

Segall Bryant & Hamill LLC lifted its stake in Graphic Packaging Holding (NYSE:GPK) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 405,970 shares of the industrial products company’s stock after purchasing an additional 16,569 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Graphic Packaging were worth $11,026,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in Graphic Packaging in the third quarter worth $30,000. Picton Mahoney Asset Management raised its position in shares of Graphic Packaging by 55.4% in the 4th quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 394 shares during the last quarter. Crews Bank & Trust bought a new position in Graphic Packaging in the 4th quarter worth about $32,000. Avior Wealth Management LLC grew its position in Graphic Packaging by 2,484.0% during the 4th quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 1,242 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in Graphic Packaging by 92.7% during 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 purchasing an additional 689 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Graphic Packaging Trading Down 0.3 %

NYSE:GPK opened at $25.25 on Wednesday. The company has a market cap of $7.58 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71. The company has a 50 day simple moving average of $26.86 and a two-hundred day simple moving average of $28.11. Graphic Packaging Holding has a 12 month low of $24.50 and a 12 month high of $30.70.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.04). Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the previous year, the firm earned $0.75 EPS. The business’s revenue was down 6.8% on a year-over-year basis. Research analysts forecast that Graphic Packaging Holding will post 2.47 earnings per share for the current year.

Graphic Packaging Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Graphic Packaging’s previous quarterly dividend of $0.10. Graphic Packaging’s dividend payout ratio is 20.37%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GPK shares. Citigroup reiterated a “neutral” rating and issued a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Robert W. Baird decreased their price objective on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Truist Financial cut their target price on Graphic Packaging from $31.00 to $30.00 and set a “hold” rating on the stock in a research note on Monday. Finally, Wells Fargo & Company upgraded Graphic Packaging from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $24.00 to $27.00 in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $31.37.

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.