Concurrent Investment Advisors LLC Makes New $880,000 Investment in Graphic Packaging Holding (NYSE:GPK)

Concurrent Investment Advisors LLC acquired a new stake in shares of Graphic Packaging Holding (NYSE:GPK) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 30,155 shares of the industrial products company’s stock, valued at approximately $880,000.

Several other large investors have also bought and sold shares of GPK. Susquehanna Fundamental Investments LLC bought a new stake in shares of Graphic Packaging during the first quarter valued at approximately $1,429,000. Tectonic Advisors LLC boosted its holdings in shares of Graphic Packaging by 5.6% during the 1st quarter. Tectonic Advisors LLC now owns 311,393 shares of the industrial products company’s stock valued at $9,086,000 after buying an additional 16,475 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Graphic Packaging in the 1st quarter worth about $6,970,000. Envestnet Portfolio Solutions Inc. increased its stake in shares of Graphic Packaging by 12.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 27,259 shares of the industrial products company’s stock worth $795,000 after acquiring an additional 2,962 shares in the last quarter. Finally, Texas Permanent School Fund Corp lifted its position in Graphic Packaging by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 267,854 shares of the industrial products company’s stock valued at $7,816,000 after acquiring an additional 3,503 shares during the period. 99.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on GPK. Wells Fargo & Company reissued an “underweight” rating and issued a $21.00 target price on shares of Graphic Packaging in a research note on Monday, April 1st. StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus began coverage on Graphic Packaging in a research note on Tuesday, July 9th. They set a “buy” rating and a $35.20 price objective for the company. Finally, Citigroup reduced their target price on shares of Graphic Packaging from $31.00 to $30.00 and set a “buy” rating for the company in a report on Monday, July 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Graphic Packaging has a consensus rating of “Hold” and a consensus target price of $28.74.

Graphic Packaging Price Performance

Shares of GPK stock traded down $0.22 during mid-day trading on Monday, hitting $27.30. The company had a trading volume of 1,955,087 shares, compared to its average volume of 2,720,412. The company has a market capitalization of $8.39 billion, a P/E ratio of 12.45, a P/E/G ratio of 10.02 and a beta of 0.85. The stock’s 50 day moving average price is $27.26 and its 200-day moving average price is $26.79. 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 52-week low of $20.07 and a 52-week high of $29.50.

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

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Saturday, June 15th were given a dividend of $0.10 per share. The ex-dividend date was Friday, June 14th. This represents a $0.40 annualized dividend and a yield of 1.47%. Graphic Packaging’s dividend payout ratio (DPR) is presently 18.10%.

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.