DekaBank Deutsche Girozentrale Has $21.31 Million Holdings in Graphic Packaging Holding Company (NYSE:GPK)

DekaBank Deutsche Girozentrale increased its holdings in shares of Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 23.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 832,035 shares of the industrial products company's stock after purchasing an additional 155,805 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.28% of Graphic Packaging worth $21,311,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Picton Mahoney Asset Management lifted its holdings in shares of Graphic Packaging by 55.4% during the 4th quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 394 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Graphic Packaging by 92.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 689 shares in the last quarter. Wayfinding Financial LLC bought a new position in shares of Graphic Packaging during the 1st quarter valued at about $42,000. Mizuho Bank Ltd. bought a new position in shares of Graphic Packaging during the 4th quarter valued at about $43,000. Finally, UMB Bank n.a. lifted its stake in Graphic Packaging by 42.3% in the 1st 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 in the last quarter. Institutional investors own 99.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. UBS Group began 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 lowered their price target on Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating on the stock in a research report on Wednesday, June 18th. Raymond James Financial reaffirmed an "outperform" rating and set a $26.00 price target (down previously from $30.00) on shares of Graphic Packaging in a research report on Friday, May 2nd. Bank of America lowered their price target on Graphic Packaging from $31.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, BNP Paribas Exane lowered Graphic Packaging from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $26.88.

Graphic Packaging Stock Performance

Shares of GPK stock traded down $0.18 during trading on Friday, reaching $22.42. 2,084,966 shares of the company's stock were exchanged, compared to its average volume of 2,610,981. The company has a quick ratio of 0.73, a current ratio of 1.88 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $6.77 billion, a PE ratio of 10.94 and a beta of 0.71. Graphic Packaging Holding Company has a twelve month low of $20.86 and a twelve month high of $30.70. The firm's fifty day moving average price is $22.15 and its 200-day moving average price is $24.79.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.05). Graphic Packaging had a net margin of 7.15% and a return on equity of 23.68%. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the company earned $0.66 earnings per share. The business's quarterly revenue was down 6.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Graphic Packaging Holding Company will post 2.47 EPS for the current year.

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, July 5th. Stockholders of record on Sunday, June 15th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.96%. Graphic Packaging's payout ratio is 21.46%.

Graphic Packaging announced that its board has initiated a stock repurchase 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 repurchase up to 23.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

About Graphic Packaging

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.