Compagnie Lombard Odier SCmA Increases Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Compagnie Lombard Odier SCmA grew its stake in Graphic Packaging Holding (NYSE:GPK - Free Report) by 20.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 106,061 shares of the industrial products company's stock after purchasing an additional 18,243 shares during the period. Compagnie Lombard Odier SCmA's holdings in Graphic Packaging were worth $2,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in GPK. Allspring Global Investments Holdings LLC grew its position in shares of Graphic Packaging by 11.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company's stock valued at $441,990,000 after purchasing an additional 1,702,764 shares in the last quarter. AlphaCentric Advisors LLC purchased a new position in shares of Graphic Packaging during the fourth quarter worth $1,086,000. Sanctuary Advisors LLC boosted its position in shares of Graphic Packaging by 2.0% during the fourth quarter. Sanctuary Advisors LLC now owns 24,606 shares of the industrial products company's stock worth $692,000 after buying an additional 486 shares during the period. CIBC Asset Management Inc boosted its position in shares of Graphic Packaging by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 9,231 shares of the industrial products company's stock worth $251,000 after buying an additional 477 shares during the period. Finally, Truist Financial Corp boosted its position in shares of Graphic Packaging by 6.2% during the fourth quarter. Truist Financial Corp now owns 241,302 shares of the industrial products company's stock worth $6,554,000 after buying an additional 14,030 shares during the period. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on GPK. UBS Group started coverage on Graphic Packaging in a research report on Wednesday, June 4th. They set a "neutral" rating and a $24.00 price target for the company. Royal Bank of Canada reduced their price objective on Graphic Packaging from $32.00 to $26.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Truist Financial reduced their price objective on Graphic Packaging from $30.00 to $28.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Finally, Raymond James reiterated an "outperform" rating and issued a $26.00 price objective (down from $30.00) on shares of Graphic Packaging in a research note on Friday, May 2nd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Graphic Packaging has an average rating of "Hold" and an average price target of $28.53.

Graphic Packaging Stock Down 2.6%

Shares of NYSE GPK traded down $0.56 during mid-day trading on Friday, hitting $21.11. The company had a trading volume of 3,302,155 shares, compared to its average volume of 2,561,945. Graphic Packaging Holding has a 1-year low of $20.86 and a 1-year high of $30.70. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.54. The company has a market capitalization of $6.37 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 2.10 and a beta of 0.74. The business's 50-day simple moving average is $23.29 and its 200 day simple moving average is $25.79.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.05). The firm had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2.14 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The business's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 EPS. On average, analysts predict that Graphic Packaging Holding will post 2.47 earnings per share for the current year.

Graphic Packaging Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, July 5th. Shareholders of record on Sunday, June 15th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Friday, June 13th. Graphic Packaging's payout ratio is 21.46%.

Graphic Packaging declared that its board has initiated a share buyback program on Thursday, May 1st that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the industrial products company to buy up to 23.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

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.