Skylands Capital LLC Sells 5,450 Shares of Graphic Packaging Holding (NYSE:GPK)

Skylands Capital LLC cut its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 184,250 shares of the industrial products company’s stock after selling 5,450 shares during the period. Skylands Capital LLC’s holdings in Graphic Packaging were worth $5,004,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Synergy Asset Management LLC boosted its stake in shares of Graphic Packaging by 108.6% during the fourth quarter. Synergy Asset Management LLC now owns 64,343 shares of the industrial products company’s stock valued at $1,810,000 after purchasing an additional 33,493 shares in the last quarter. Howard Capital Management Group LLC lifted its position in Graphic Packaging by 1.3% during the fourth quarter. Howard Capital Management Group LLC now owns 1,021,143 shares of the industrial products company’s stock valued at $27,734,000 after acquiring an additional 13,175 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Graphic Packaging by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company’s stock valued at $313,957,000 after acquiring an additional 787,266 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in Graphic Packaging during the fourth quarter valued at approximately $51,642,000. Finally, Advocate Group LLC lifted its position in Graphic Packaging by 14.5% during the fourth quarter. Advocate Group LLC now owns 226,399 shares of the industrial products company’s stock valued at $6,149,000 after acquiring an additional 28,703 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors.

Graphic Packaging Stock Performance

GPK opened at $27.10 on Monday. The firm has a market capitalization of $8.14 billion, a PE ratio of 12.55, a PEG ratio of 2.10 and a beta of 0.84. Graphic Packaging Holding has a twelve month low of $25.13 and a twelve month high of $30.70. The firm’s 50-day moving average price is $27.22 and its 200 day moving average price is $28.50. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71.

Graphic Packaging (NYSE:GPK) last posted its quarterly 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 for the quarter, compared to analyst estimates of $2.15 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The business’s revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 earnings per share. As a group, sell-side analysts expect that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

Graphic Packaging Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Graphic Packaging’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a yield of 1.62%. Graphic Packaging’s payout ratio is 20.37%.

Analyst Upgrades and Downgrades

GPK has been the subject of a number of research analyst reports. StockNews.com cut shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Citigroup restated a “neutral” rating and set a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Truist Financial raised their price target on shares of Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Robert W. Baird dropped their target price on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company upgraded shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $24.00 to $27.00 in a research 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. According to data from MarketBeat.com, Graphic Packaging presently has a consensus rating of “Hold” and a consensus target price of $31.70.

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.