Graphic Packaging Holding Company $GPK Shares Sold by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC reduced its position in shares of Graphic Packaging Holding Company (NYSE:GPK) by 65.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 151,592 shares of the industrial products company’s stock after selling 283,396 shares during the period. Hunter Perkins Capital Management LLC owned approximately 0.05% of Graphic Packaging worth $2,300,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GPK. A. D. Beadell Investment Counsel Inc. raised its stake in shares of Graphic Packaging by 24.5% during the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 46,365 shares of the industrial products company’s stock worth $698,000 after buying an additional 9,135 shares in the last quarter. Salem Investment Counselors Inc. boosted its stake in shares of Graphic Packaging by 50.5% in the fourth quarter. Salem Investment Counselors Inc. now owns 47,859 shares of the industrial products company’s stock valued at $726,000 after buying an additional 16,060 shares in the last quarter. SG Americas Securities LLC grew its holdings in Graphic Packaging by 673.5% during the fourth quarter. SG Americas Securities LLC now owns 165,245 shares of the industrial products company’s stock worth $2,489,000 after acquiring an additional 143,882 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Graphic Packaging by 282.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 62,562 shares of the industrial products company’s stock worth $980,000 after acquiring an additional 46,204 shares during the period. Finally, NorthCrest Asset Manangement LLC purchased a new position in Graphic Packaging in the fourth quarter worth $176,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Insider Activity

In other news, CEO Robbert Rietbroek acquired 44,278 shares of Graphic Packaging stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average price of $11.32 per share, with a total value of $501,226.96. Following the completion of the purchase, the chief executive officer owned 44,278 shares of the company’s stock, valued at approximately $501,226.96. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.41% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Zacks Research lowered shares of Graphic Packaging from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. UBS Group cut their price target on shares of Graphic Packaging from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Monday, January 12th. Truist Financial set a $14.00 price objective on shares of Graphic Packaging in a research note on Wednesday, February 4th. Citigroup lowered their target price on shares of Graphic Packaging from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Finally, Robert W. Baird set a $15.00 target price on shares of Graphic Packaging in a report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Graphic Packaging presently has a consensus rating of “Reduce” and a consensus price target of $16.00.

Graphic Packaging Stock Down 1.1%

GPK opened at $9.24 on Friday. The company has a quick ratio of 0.52, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The firm has a market cap of $2.73 billion, a P/E ratio of 6.24 and a beta of 0.65. Graphic Packaging Holding Company has a 52 week low of $8.78 and a 52 week high of $26.40. The business’s fifty day simple moving average is $12.13 and its 200 day simple moving average is $15.19.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Monday, March 2nd. The industrial products company reported $0.24 earnings per share for the quarter. The firm had revenue of $2.10 billion during the quarter. Graphic Packaging had a net margin of 5.15% and a return on equity of 16.58%. As a group, equities research analysts anticipate that Graphic Packaging Holding Company will post 2.47 EPS for the current fiscal year.

Graphic Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Sunday, March 15th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, March 13th. Graphic Packaging’s payout ratio is currently 29.73%.

About Graphic Packaging

Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.

Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.