Avior Wealth Management LLC Buys 1,242 Shares of Graphic Packaging Holding (NYSE:GPK)

Avior Wealth Management LLC boosted its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 2,484.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,292 shares of the industrial products company’s stock after acquiring an additional 1,242 shares during the period. Avior Wealth Management LLC’s holdings in Graphic Packaging were worth $35,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. FMR LLC grew its holdings in Graphic Packaging by 12.6% during the 3rd quarter. FMR LLC now owns 20,460,161 shares of the industrial products company’s stock worth $605,416,000 after acquiring an additional 2,294,688 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Graphic Packaging by 24.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company’s stock worth $437,945,000 after acquiring an additional 2,927,344 shares during the period. JPMorgan Chase & Co. grew its holdings in Graphic Packaging by 8.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company’s stock worth $313,957,000 after acquiring an additional 787,266 shares during the period. Premier Fund Managers Ltd grew its holdings in Graphic Packaging by 9.6% during the 3rd quarter. Premier Fund Managers Ltd now owns 3,441,614 shares of the industrial products company’s stock worth $101,545,000 after acquiring an additional 302,680 shares during the period. Finally, Hennessy Advisors Inc. acquired a new stake in Graphic Packaging during the 4th quarter worth $51,642,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Price Performance

Shares of NYSE GPK opened at $27.98 on Thursday. The firm has a market cap of $8.40 billion, a PE ratio of 11.96 and a beta of 0.85. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78. Graphic Packaging Holding has a 1-year low of $23.47 and a 1-year high of $30.70. The company has a fifty day moving average price of $28.16 and a 200 day moving average price of $28.65.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.27 billion. Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. Graphic Packaging’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share. Research analysts predict that Graphic Packaging Holding will post 2.53 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, January 5th. Shareholders of record on Sunday, December 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.40 annualized dividend and a yield of 1.43%. Graphic Packaging’s dividend payout ratio (DPR) is presently 17.09%.

Wall Street Analysts Forecast Growth

GPK has been the subject of a number of analyst reports. 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 report on Monday, January 6th. Citigroup reissued a “neutral” rating and issued a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Truist Financial boosted their price target on shares of Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a report on Monday, January 6th. StockNews.com lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada decreased their price target on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Graphic Packaging has an average rating of “Hold” and an average target price of $32.37.

Insiders Place Their Bets

In other Graphic Packaging news, CAO Charles D. Lischer sold 12,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $29.65, for a total transaction of $355,800.00. Following the sale, the chief accounting officer now directly owns 49,849 shares of the company’s stock, valued at $1,478,022.85. The trade was a 19.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael James Farrell sold 25,900 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total transaction of $750,841.00. Following the completion of the sale, the executive vice president now directly owns 81,026 shares in the company, valued at approximately $2,348,943.74. The trade was a 24.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

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.