Advisor Resource Council Sells 20,134 Shares of Graphic Packaging Holding (NYSE:GPK)

Advisor Resource Council decreased its position in Graphic Packaging Holding (NYSE:GPKFree Report) by 53.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,409 shares of the industrial products company’s stock after selling 20,134 shares during the quarter. Advisor Resource Council’s holdings in Graphic Packaging were worth $508,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GPK. Principal Securities Inc. bought a new position in Graphic Packaging in the fourth quarter valued at about $26,000. Rise Advisors LLC bought a new position in Graphic Packaging in the first quarter valued at about $26,000. OLD Point Trust & Financial Services N A bought a new position in Graphic Packaging in the fourth quarter valued at about $27,000. GAMMA Investing LLC bought a new position in shares of Graphic Packaging in the fourth quarter worth about $44,000. Finally, ICA Group Wealth Management LLC bought a new position in shares of Graphic Packaging in the fourth quarter worth about $50,000. Institutional investors own 99.67% of the company’s stock.

Wall Street Analyst Weigh In

GPK has been the topic of several recent research reports. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $21.00 price objective on shares of Graphic Packaging in a research note on Monday, April 1st. Citigroup raised their price objective on Graphic Packaging from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Finally, StockNews.com raised Graphic Packaging from a “hold” rating to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.43.

Check Out Our Latest Stock Report on Graphic Packaging

Graphic Packaging Stock Performance

NYSE GPK opened at $25.67 on Friday. The stock has a market capitalization of $7.89 billion, a PE ratio of 11.62, a P/E/G ratio of 9.46 and a beta of 0.85. The business has a 50 day simple moving average of $27.34 and a two-hundred day simple moving average of $26.70. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.24 and a quick ratio of 0.52. Graphic Packaging Holding has a 1-year low of $20.07 and a 1-year high of $29.50.

Graphic Packaging (NYSE:GPKGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Graphic Packaging had a return on equity of 32.55% and a net margin of 7.36%. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 EPS. On average, research analysts predict that Graphic Packaging Holding will post 2.66 EPS for the current fiscal year.

Graphic Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Saturday, June 15th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, June 14th. Graphic Packaging’s payout ratio is 18.10%.

Graphic Packaging Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Graphic Packaging (NYSE:GPK)

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