Cwm LLC Acquires 1,775 Shares of Graphic Packaging Holding (NYSE:GPK)

Cwm LLC raised its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 79.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,023 shares of the industrial products company’s stock after acquiring an additional 1,775 shares during the period. Cwm LLC’s holdings in Graphic Packaging were worth $99,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its position in shares of Graphic Packaging by 39.6% during the third quarter. Venturi Wealth Management LLC now owns 2,372 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 673 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Graphic Packaging by 44.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,476 shares of the industrial products company’s stock worth $55,000 after buying an additional 759 shares in the last quarter. CVA Family Office LLC purchased a new position in shares of Graphic Packaging in the 4th quarter worth approximately $62,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Graphic Packaging in the 4th quarter worth approximately $64,000. Finally, Smithfield Trust Co grew its holdings in shares of Graphic Packaging by 12.0% in the third quarter. Smithfield Trust Co now owns 5,134 shares of the industrial products company’s stock valued at $115,000 after acquiring an additional 552 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wells Fargo & Company reissued an “underweight” rating and issued a $21.00 price objective on shares of Graphic Packaging in a research report on Monday, April 1st. StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Citigroup raised their price objective on shares of Graphic Packaging from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, Robert W. Baird boosted their target price on shares of Graphic Packaging from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $28.13.

Graphic Packaging Price Performance

GPK opened at $27.20 on Tuesday. The company has a market capitalization of $8.36 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 0.40 and a beta of 0.86. The company has a quick ratio of 0.52, a current ratio of 1.24 and a debt-to-equity ratio of 1.72. The firm has a 50-day moving average price of $27.54 and a 200-day moving average price of $25.20. Graphic Packaging Holding has a twelve month low of $20.07 and a twelve month high of $29.50.

Graphic Packaging (NYSE:GPK) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.38 billion. Graphic Packaging had a return on equity of 32.55% and a net margin of 7.36%. The business’s quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.77 earnings per share. Equities analysts expect that Graphic Packaging Holding will post 2.69 EPS for the current year.

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Thursday, March 14th. Graphic Packaging’s payout ratio is presently 18.10%.

Insider Activity

In other Graphic Packaging news, EVP Joseph P. Yost sold 70,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $26.20, for a total value of $1,834,000.00. Following the sale, the executive vice president now directly owns 205,231 shares in the company, valued at approximately $5,377,052.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

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.