Compagnie Lombard Odier SCmA Purchases 18,243 Shares of Graphic Packaging Holding (NYSE:GPK)

Compagnie Lombard Odier SCmA grew its position in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 20.8% in the first quarter, according to its most recent 13F filing 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 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Terra Alpha Investments LLC bought a new stake in shares of Graphic Packaging during the 1st quarter worth $1,247,000. UMB Bank n.a. raised its stake in shares of Graphic Packaging by 42.3% during the first quarter. UMB Bank n.a. now owns 2,125 shares of the industrial products company's stock valued at $55,000 after acquiring an additional 632 shares during the last quarter. E. Ohman J or Asset Management AB raised its stake in shares of Graphic Packaging by 67.8% during the first quarter. E. Ohman J or Asset Management AB now owns 109,560 shares of the industrial products company's stock valued at $2,844,000 after acquiring an additional 44,253 shares during the last quarter. Merit Financial Group LLC raised its stake in shares of Graphic Packaging by 6.4% during the first quarter. Merit Financial Group LLC now owns 8,480 shares of the industrial products company's stock valued at $220,000 after acquiring an additional 512 shares during the last quarter. Finally, NBC Securities Inc. raised its stake in shares of Graphic Packaging by 105,982.8% during the first quarter. NBC Securities Inc. now owns 30,764 shares of the industrial products company's stock valued at $798,000 after acquiring an additional 30,735 shares during the last quarter. 99.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Graphic Packaging Stock Performance

GPK stock traded down $0.44 on Friday, hitting $21.12. The company had a trading volume of 2,496,266 shares, compared to its average volume of 2,559,565. Graphic Packaging Holding has a 12-month low of $20.86 and a 12-month high of $30.70. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71. The stock's 50-day simple moving average is $23.34 and its 200 day simple moving average is $25.91. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 9.78, a P/E/G ratio of 2.10 and a beta of 0.74.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued its earnings results 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). Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The company had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $2.14 billion. During the same quarter in the prior year, the business posted $0.66 EPS. The company's revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, equities research analysts expect that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

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

Graphic Packaging declared that its board has authorized a stock buyback program on Thursday, May 1st that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the industrial products company to purchase up to 23.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

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.