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

Segall Bryant & Hamill LLC lifted its position in shares of Graphic Packaging Holding (NYSE:GPK) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 405,970 shares of the industrial products company’s stock after buying an additional 16,569 shares during the period. Segall Bryant & Hamill LLC owned about 0.14% of Graphic Packaging worth $11,026,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Graphic Packaging by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 29,725,347 shares of the industrial products company’s stock worth $807,340,000 after acquiring an additional 145,209 shares during the last quarter. LPL Financial LLC lifted its stake in Graphic Packaging by 1.1% in the fourth quarter. LPL Financial LLC now owns 123,226 shares of the industrial products company’s stock worth $3,347,000 after purchasing an additional 1,356 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in Graphic Packaging during the fourth quarter valued at about $649,000. KLP Kapitalforvaltning AS bought a new position in shares of Graphic Packaging during the fourth quarter valued at about $1,673,000. Finally, AXQ Capital LP purchased a new position in shares of Graphic Packaging in the fourth quarter worth about $452,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GPK. Truist Financial reduced their price target on Graphic Packaging from $31.00 to $30.00 and set a “hold” rating on the stock in a research report on Monday. Wells Fargo & Company raised shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $24.00 to $27.00 in a research note on Monday, January 6th. Citigroup reissued 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. Finally, Robert W. Baird decreased their price objective 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $31.37.

Graphic Packaging Stock Down 0.3 %

Shares of NYSE GPK opened at $25.25 on Wednesday. The firm has a fifty day simple moving average of $26.86 and a two-hundred day simple moving average of $28.11. The firm has a market capitalization 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. 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 company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter last year, the business earned $0.75 earnings per share. The business’s quarterly revenue was down 6.8% on a year-over-year basis. Equities analysts expect that Graphic Packaging Holding will post 2.47 earnings per share for the current year.

Graphic Packaging Increases Dividend

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

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.