Fintel reports that on October 18, 2023, Jefferies maintained coverage of Graphic Packaging Holding (NYSE:GPK) with a Hold recommendation.
Analyst Price Forecast Suggests 41.49% Upside
As of October 5, 2023, the average one-year price target for Graphic Packaging Holding is 30.29. The forecasts range from a low of 26.26 to a high of $36.75. The average price target represents an increase of 41.49% from its latest reported closing price of 21.41.
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The projected annual revenue for Graphic Packaging Holding is 9,715MM, an increase of 0.50%. The projected annual non-GAAP EPS is 2.53.
Graphic Packaging Holding Declares $0.10 Dividend
On July 28, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of September 15, 2023 received the payment on October 5, 2023. Previously, the company paid $0.10 per share.
At the current share price of $21.41 / share, the stock's dividend yield is 1.87%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.88%, the lowest has been 1.27%, and the highest has been 2.95%. The standard deviation of yields is 0.36 (n=236).
The current dividend yield is 0.03 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.17. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.33%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 968 funds or institutions reporting positions in Graphic Packaging Holding. This is an increase of 84 owner(s) or 9.50% in the last quarter. Average portfolio weight of all funds dedicated to GPK is 0.32%, a decrease of 19.53%. Total shares owned by institutions increased in the last three months by 4.38% to 354,689K shares. 
The put/call ratio of GPK is 0.41, indicating a bullish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 12,053K shares representing 3.92% ownership of the company. In it's prior filing, the firm reported owning 12,718K shares, representing a decrease of 5.52%. The firm decreased its portfolio allocation in GPK by 14.74% over the last quarter.
Fuller & Thaler Asset Management holds 11,069K shares representing 3.60% ownership of the company. In it's prior filing, the firm reported owning 16,304K shares, representing a decrease of 47.29%. The firm decreased its portfolio allocation in GPK by 36.94% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 9,581K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 9,499K shares, representing an increase of 0.86%. The firm decreased its portfolio allocation in GPK by 12.27% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 9,328K shares representing 3.04% ownership of the company.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 7,930K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 8,038K shares, representing a decrease of 1.37%. The firm decreased its portfolio allocation in GPK by 11.52% over the last quarter.
Graphic Packaging Holding Background Information
(This description is provided by the company.)
Graphic Packaging Holding Company, headquartered in Atlanta, Georgia, is committed to providing consumer packaging that makes a world of difference. The Company is a leading provider of sustainable paper-based packaging solutions for a wide variety of products to food, beverage, foodservice, and other consumer products companies. The Company operates on a global basis, is one of the largest producers of folding cartons and paper-based foodservice products in the United States, and holds leading market positions in coated recycled paperboard, coated unbleached kraft paperboard and solid bleached sulfate paperboard. The Company's customers include many of the world's most widely-recognized companies and brands.
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This story originally appeared on Fintel.
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