Outlook Wealth Advisors LLC Sells 1,109 Shares of Graphic Packaging Holding (NYSE:GPK)

Outlook Wealth Advisors LLC cut its position in Graphic Packaging Holding (NYSE:GPK) by 7.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 13,953 shares of the industrial products company’s stock after selling 1,109 shares during the period. Outlook Wealth Advisors LLC’s holdings in Graphic Packaging were worth $407,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Raymond James & Associates lifted its holdings in shares of Graphic Packaging by 1.0% during the first quarter. Raymond James & Associates now owns 560,646 shares of the industrial products company’s stock worth $16,360,000 after purchasing an additional 5,810 shares during the period. Waycross Investment Management Co lifted its holdings in Graphic Packaging by 9.3% during the 1st quarter. Waycross Investment Management Co now owns 48,278 shares of the industrial products company’s stock worth $1,409,000 after buying an additional 4,117 shares during the period. Carmel Capital Management L.L.C. grew its position in shares of Graphic Packaging by 3.6% in the 1st quarter. Carmel Capital Management L.L.C. now owns 377,875 shares of the industrial products company’s stock valued at $11,026,000 after buying an additional 13,250 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Graphic Packaging by 43.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 202,727 shares of the industrial products company’s stock valued at $5,916,000 after buying an additional 61,102 shares during the period. Finally, State of Michigan Retirement System raised its position in shares of Graphic Packaging by 2.5% during the first quarter. State of Michigan Retirement System now owns 75,200 shares of the industrial products company’s stock worth $2,194,000 after acquiring an additional 1,800 shares during the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Graphic Packaging

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

Graphic Packaging Stock Up 0.8 %

NYSE:GPK traded up $0.23 during trading hours on Friday, reaching $27.53. The company had a trading volume of 2,320,416 shares, compared to its average volume of 2,129,165. Graphic Packaging Holding has a twelve month low of $20.07 and a twelve month high of $29.50. The company has a quick ratio of 0.42, a current ratio of 1.10 and a debt-to-equity ratio of 1.66. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of 11.71 and a beta of 0.84. The business’s 50-day simple moving average is $27.42 and its two-hundred day simple moving average is $24.92.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, February 20th. The industrial products company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. Graphic Packaging had a return on equity of 35.66% and a net margin of 7.67%. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the business posted $0.59 EPS. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. On average, equities analysts expect that Graphic Packaging Holding will post 2.7 earnings per share for the current year.

Graphic Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.45%. Graphic Packaging’s dividend payout ratio is 17.02%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Citigroup upped their price objective on shares of Graphic Packaging from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Wells Fargo & Company reissued an “underweight” rating and set a $21.00 target price on shares of Graphic Packaging in a research note on Monday, April 1st. Finally, Robert W. Baird upped their price target on shares of Graphic Packaging from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Graphic Packaging currently has an average rating of “Hold” and an average target price of $28.44.

Graphic Packaging 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.