1620 Investment Advisors Inc. Has $303,000 Position in Graphic Packaging Holding (NYSE:GPK)

1620 Investment Advisors Inc. grew its position in Graphic Packaging Holding (NYSE:GPK) by 3.8% during the 4th quarter, Holdings Channel reports. The firm owned 11,163 shares of the industrial products company’s stock after purchasing an additional 413 shares during the quarter. 1620 Investment Advisors Inc.’s holdings in Graphic Packaging were worth $303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its holdings in Graphic Packaging by 4.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 180,249 shares of the industrial products company’s stock worth $4,894,000 after purchasing an additional 6,970 shares during the last quarter. Clear Investment Research LLC grew its position in shares of Graphic Packaging by 4.8% in the 4th quarter. Clear Investment Research LLC now owns 217,926 shares of the industrial products company’s stock valued at $5,919,000 after purchasing an additional 9,981 shares during the period. Whittier Trust Co. boosted its position in Graphic Packaging by 3.6% during the 4th quarter. Whittier Trust Co. now owns 360,673 shares of the industrial products company’s stock worth $9,792,000 after acquiring an additional 12,391 shares during the last quarter. Xponance Inc. boosted its position in Graphic Packaging by 9.2% during the 4th quarter. Xponance Inc. now owns 35,690 shares of the industrial products company’s stock worth $969,000 after acquiring an additional 2,996 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Graphic Packaging by 7.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 34,860 shares of the industrial products company’s stock worth $947,000 after purchasing an additional 2,390 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Price Performance

Shares of Graphic Packaging stock opened at $26.00 on Friday. The business’s 50-day moving average price is $26.95 and its 200-day moving average price is $28.21. 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 Holding has a 12 month low of $25.13 and a 12 month high of $30.70. The firm has a market capitalization of $7.80 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings data 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 the consensus estimate of $2.15 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. Graphic Packaging’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 earnings per share. Sell-side analysts forecast that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

Graphic Packaging Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th will be issued a $0.11 dividend. This is a positive change from Graphic Packaging’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, March 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.69%. Graphic Packaging’s dividend payout ratio (DPR) is presently 20.37%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GPK shares. Wells Fargo & Company upgraded Graphic Packaging from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $24.00 to $27.00 in a research note on Monday, January 6th. Robert W. Baird reduced their price objective on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Truist Financial raised their price objective on Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Finally, Citigroup restated a “neutral” rating and set a $30.00 price objective (down from $33.00) on shares of Graphic Packaging 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.70.

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.