Invesco Ltd. Purchases 98,367 Shares of Graphic Packaging Holding (NYSE:GPK)

Invesco Ltd. boosted its position in Graphic Packaging Holding (NYSE:GPK) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,664,131 shares of the industrial products company’s stock after acquiring an additional 98,367 shares during the period. Invesco Ltd. owned 0.55% of Graphic Packaging worth $45,198,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Picton Mahoney Asset Management grew its stake in shares of Graphic Packaging by 55.4% in the fourth 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 stake in shares of Graphic Packaging in the 4th quarter worth approximately $32,000. Avior Wealth Management LLC increased its stake in shares of Graphic Packaging by 2,484.0% during the fourth quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company’s stock valued at $35,000 after buying an additional 1,242 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of Graphic Packaging by 92.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 689 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in 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 acquiring an additional 549 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Graphic Packaging Trading Down 0.7 %

NYSE GPK opened at $24.86 on Wednesday. Graphic Packaging Holding has a 12 month low of $23.03 and a 12 month high of $30.70. 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 stock’s fifty day moving average price is $26.04 and its 200-day moving average price is $27.61. The stock has a market cap of $7.50 billion, a P/E ratio of 11.51, a P/E/G ratio of 2.10 and a beta of 0.80.

Graphic Packaging (NYSE:GPK) last announced 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). The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. As a group, equities analysts forecast that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

Graphic Packaging Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, April 5th. Investors of record on Saturday, March 15th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, March 14th. 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 1.77%. Graphic Packaging’s dividend payout ratio is 20.37%.

Analysts Set New Price Targets

Several research firms have recently commented on GPK. Citigroup reaffirmed a “neutral” rating and issued a $30.00 target price (down from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Robert W. Baird cut their price objective 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. Truist Financial reduced their target price on Graphic Packaging from $31.00 to $30.00 and set a “hold” rating on the stock in a report on Monday, March 24th. Finally, Wells Fargo & Company upgraded Graphic Packaging from an “underweight” rating to an “equal weight” rating and raised their target price for the company 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 given a buy rating to the company. According to MarketBeat, the stock currently 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.