Avantax Advisory Services Inc. Has $407,000 Stock Position in Graphic Packaging Holding (NYSE:GPK)

Avantax Advisory Services Inc. cut its holdings in Graphic Packaging Holding (NYSE:GPK) by 3.6% during the 4th quarter, HoldingsChannel reports. The fund owned 14,991 shares of the industrial products company’s stock after selling 564 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Graphic Packaging were worth $407,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of GPK. Truvestments Capital LLC acquired a new position in shares of Graphic Packaging during the 3rd quarter worth approximately $30,000. Crews Bank & Trust bought a new stake in shares of Graphic Packaging in the fourth quarter valued at approximately $32,000. Avior Wealth Management LLC grew its position in Graphic Packaging by 2,484.0% during the fourth quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company’s stock worth $35,000 after buying an additional 1,242 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Graphic Packaging by 92.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 689 shares during the period. Finally, UMB Bank n.a. raised its holdings in Graphic Packaging by 58.2% in the 4th quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 549 shares in the last quarter. 99.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Truist Financial increased their target price on Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Robert W. Baird reduced 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 note on Wednesday, February 5th. Citigroup restated a “neutral” rating and issued a $30.00 target price (down from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Finally, Wells Fargo & Company upgraded shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $24.00 to $27.00 in a research report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.70.

Graphic Packaging Trading Down 2.6 %

GPK opened at $25.31 on Monday. The company has a market cap of $7.60 billion, a P/E ratio of 11.72, a PEG 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. The company’s 50 day moving average is $26.93 and its 200-day moving average is $28.16. Graphic Packaging Holding has a 1-year low of $25.13 and a 1-year high of $30.70.

Graphic Packaging (NYSE:GPK) last issued its 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 company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.15 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The business’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 EPS. Equities research analysts predict that Graphic Packaging Holding will post 2.47 earnings per share 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 issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Friday, March 14th. This is a boost from Graphic Packaging’s previous quarterly dividend of $0.10. Graphic Packaging’s dividend payout ratio is presently 20.37%.

Graphic Packaging Company 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.