Graphic Packaging Holding (NYSE:GPK) Shares Bought by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB grew its position in Graphic Packaging Holding (NYSE:GPK - Free Report) by 67.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 109,560 shares of the industrial products company's stock after buying an additional 44,253 shares during the period. E. Ohman J or Asset Management AB's holdings in Graphic Packaging were worth $2,844,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Picton Mahoney Asset Management boosted its stake in Graphic Packaging by 55.4% in the fourth quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 394 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in 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 worth $39,000 after buying an additional 689 shares during the last quarter. Mizuho Bank Ltd. purchased a new position in Graphic Packaging during the 4th quarter worth $43,000. Park Square Financial Group LLC acquired a new position in Graphic Packaging during the 4th quarter valued at about $79,000. Finally, Atala Financial Inc purchased a new stake in Graphic Packaging in the fourth quarter valued at about $109,000. Hedge funds and other institutional investors own 99.67% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GPK. Raymond James restated an "outperform" rating and set a $26.00 price objective (down previously from $30.00) on shares of Graphic Packaging in a report on Friday, May 2nd. UBS Group initiated coverage on shares of Graphic Packaging in a research note on Wednesday, June 4th. They set a "neutral" rating and a $24.00 price target on the stock. 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 report on Tuesday, April 22nd. Finally, Royal Bank of Canada dropped their price objective on shares of Graphic Packaging from $32.00 to $26.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Graphic Packaging currently has a consensus rating of "Hold" and an average target price of $28.53.

Graphic Packaging Stock Performance

NYSE GPK traded up $0.23 on Tuesday, reaching $22.47. 3,214,923 shares of the company's stock traded hands, compared to its average volume of 2,544,664. Graphic Packaging Holding has a fifty-two week low of $20.86 and a fifty-two week high of $30.70. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 2.10 and a beta of 0.74. The stock has a 50 day moving average price of $23.46 and a 200-day moving average price of $25.99.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued its earnings results 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). The company had revenue of $2.12 billion during 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 firm's quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 EPS. Equities research analysts predict that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, July 5th. Stockholders 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 1.96%. The ex-dividend date is Friday, June 13th. Graphic Packaging's dividend payout ratio (DPR) is 21.46%.

Graphic Packaging declared that its board has authorized a share repurchase plan on Thursday, May 1st that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the industrial products company to buy up to 23.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board 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.