Graphic Packaging Holding (NYSE:GPK) Declares Dividend Increase – $0.10 Per Share

Graphic Packaging Holding (NYSE:GPKGet Rating) announced a quarterly dividend on Thursday, September 22nd, Zacks reports. Investors of record on Thursday, December 15th will be given a dividend of 0.10 per share by the industrial products company on Thursday, January 5th. This represents a $0.40 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Wednesday, December 14th. This is a positive change from Graphic Packaging’s previous quarterly dividend of $0.08.

Graphic Packaging has a payout ratio of 12.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Graphic Packaging to earn $2.44 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 12.3%.

Graphic Packaging Stock Down 0.1 %

Shares of NYSE:GPK opened at $20.80 on Friday. The firm has a market cap of $6.40 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 0.38 and a beta of 0.94. The company has a fifty day simple moving average of $22.39 and a 200 day simple moving average of $21.36. The company has a current ratio of 1.34, a quick ratio of 0.57 and a debt-to-equity ratio of 2.91. Graphic Packaging has a 12-month low of $17.63 and a 12-month high of $24.07.

Graphic Packaging (NYSE:GPKGet Rating) last issued its earnings results on Tuesday, July 26th. The industrial products company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.26 billion. Graphic Packaging had a return on equity of 28.19% and a net margin of 3.40%. The firm’s quarterly revenue was up 35.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 EPS. On average, equities research analysts anticipate that Graphic Packaging will post 2.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. BMO Capital Markets raised Graphic Packaging from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $20.00 to $25.00 in a research report on Friday, May 27th. Citigroup increased their price target on Graphic Packaging to $27.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Graphic Packaging from $25.00 to $27.00 in a research note on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Graphic Packaging presently has an average rating of “Moderate Buy” and a consensus target price of $25.81.

Insider Activity at Graphic Packaging

In related news, SVP Jean Francois Roche sold 46,898 shares of Graphic Packaging stock in a transaction on Monday, August 1st. The stock was sold at an average price of $22.50, for a total transaction of $1,055,205.00. Following the completion of the sale, the senior vice president now owns 84 shares of the company’s stock, valued at $1,890. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Jean Francois Roche sold 46,898 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $22.50, for a total transaction of $1,055,205.00. Following the transaction, the senior vice president now directly owns 84 shares of the company’s stock, valued at $1,890. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael James Farrell sold 12,779 shares of the business’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $23.35, for a total value of $298,389.65. Following the completion of the sale, the executive vice president now directly owns 44,902 shares in the company, valued at $1,048,461.70. The disclosure for this sale can be found here. 0.93% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Graphic Packaging

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. boosted its stake in Graphic Packaging by 21.6% during the second quarter. American International Group Inc. now owns 4,414 shares of the industrial products company’s stock valued at $90,000 after buying an additional 783 shares during the last quarter. Covestor Ltd lifted its stake in shares of Graphic Packaging by 125.1% in the 1st quarter. Covestor Ltd now owns 8,043 shares of the industrial products company’s stock valued at $161,000 after purchasing an additional 4,470 shares during the last quarter. MetLife Investment Management LLC bought a new stake in shares of Graphic Packaging in the 1st quarter valued at approximately $184,000. Captrust Financial Advisors lifted its stake in shares of Graphic Packaging by 5.8% in the 2nd quarter. Captrust Financial Advisors now owns 11,071 shares of the industrial products company’s stock valued at $228,000 after purchasing an additional 606 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its stake in shares of Graphic Packaging by 9.0% in the 1st quarter. Yousif Capital Management LLC now owns 11,619 shares of the industrial products company’s stock valued at $233,000 after purchasing an additional 955 shares during the last quarter. 90.48% of the stock is owned by institutional investors.

Graphic Packaging Company Profile

(Get Rating)

Graphic Packaging Holding Company, together with its subsidiaries, provides fiber-based packaging solutions to food, beverage, foodservice, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging products, such as folding cartons, cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies; and barrier packaging products that protect against moisture, hot and cold temperature, grease, oil, oxygen, sunlight, insects, and other potential product-damaging factors.

Further Reading

Dividend History for Graphic Packaging (NYSE:GPK)

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