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

Avior Wealth Management LLC boosted its stake in Graphic Packaging Holding (NYSE:GPK) by 2,484.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,292 shares of the industrial products company’s stock after buying 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 and hedge funds have also bought and sold shares of the stock. FMR LLC grew its stake in Graphic Packaging by 12.6% in the 3rd quarter. FMR LLC now owns 20,460,161 shares of the industrial products company’s stock valued at $605,416,000 after buying an additional 2,294,688 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Graphic Packaging by 24.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company’s stock valued at $437,945,000 after buying an additional 2,927,344 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Graphic Packaging by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company’s stock valued at $313,957,000 after buying an additional 787,266 shares during the last quarter. Premier Fund Managers Ltd grew its stake in Graphic Packaging by 9.6% in the 3rd quarter. Premier Fund Managers Ltd now owns 3,441,614 shares of the industrial products company’s stock valued at $101,545,000 after buying an additional 302,680 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in Graphic Packaging in the 4th quarter valued at about $51,642,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Wall Street Analyst Weigh In

GPK has been the topic of a number of research reports. Truist Financial upped their price target on shares of Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Royal Bank of Canada decreased their target price on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Citigroup restated a “neutral” rating and set a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. StockNews.com lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company upgraded shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and increased their target price 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 given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $32.37.

Insider Activity at Graphic Packaging

In related news, EVP Michael James Farrell sold 25,900 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total value of $750,841.00. Following the completion of the transaction, the executive vice president now owns 81,026 shares of the company’s stock, valued at $2,348,943.74. This represents a 24.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Charles D. Lischer sold 12,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $29.65, for a total transaction of $355,800.00. Following the transaction, 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 disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Graphic Packaging Stock Performance

NYSE GPK opened at $27.98 on Thursday. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $8.40 billion, a price-to-earnings ratio of 11.96 and a beta of 0.85. The firm’s 50 day simple moving average is $28.16 and its 200 day simple moving average is $28.65. Graphic Packaging Holding has a 1 year low of $23.47 and a 1 year high of $30.70.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.04). The firm had revenue of $2.22 billion for 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%. The business’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.74 EPS. As a group, research analysts expect that Graphic Packaging Holding will post 2.53 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, January 5th. Investors of record on Sunday, December 15th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.43%. The ex-dividend date was Friday, December 13th. Graphic Packaging’s payout ratio is 17.09%.

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.