Envestnet Portfolio Solutions Inc. Sells 13,081 Shares of Graphic Packaging Holding Company (NYSE:GPK)

Envestnet Portfolio Solutions Inc. decreased its position in shares of Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 37.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,779 shares of the industrial products company's stock after selling 13,081 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Graphic Packaging were worth $565,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Picton Mahoney Asset Management raised its position in shares of Graphic Packaging by 55.4% in the 4th quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company's stock valued at $30,000 after buying an additional 394 shares in the last quarter. 1620 Investment Advisors Inc. lifted its stake in Graphic Packaging by 3.8% during the fourth quarter. 1620 Investment Advisors Inc. now owns 11,163 shares of the industrial products company's stock worth $303,000 after purchasing an additional 413 shares during the last quarter. Elevation Point Wealth Partners LLC boosted its holdings in shares of Graphic Packaging by 4.1% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 11,770 shares of the industrial products company's stock valued at $306,000 after purchasing an additional 465 shares in the last quarter. Sanctuary Advisors LLC increased its stake in shares of Graphic Packaging by 2.0% in the 4th quarter. Sanctuary Advisors LLC now owns 24,606 shares of the industrial products company's stock valued at $692,000 after purchasing an additional 486 shares during the last quarter. Finally, Keynote Financial Services LLC raised its holdings in shares of Graphic Packaging by 6.9% during the 4th quarter. Keynote Financial Services LLC now owns 7,607 shares of the industrial products company's stock worth $207,000 after buying an additional 492 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Graphic Packaging Trading Up 0.3%

NYSE GPK traded up $0.07 on Monday, hitting $21.09. The company's stock had a trading volume of 2,447,274 shares, compared to its average volume of 2,599,698. The firm has a market cap of $6.36 billion, a PE ratio of 10.29, a PEG ratio of 3.74 and a beta of 0.74. The company's 50-day moving average is $22.57 and its 200 day moving average is $25.15. The company has a quick ratio of 0.73, a current ratio of 1.88 and a debt-to-equity ratio of 1.80. Graphic Packaging Holding Company has a 1-year low of $20.86 and a 1-year high of $30.70.

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

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

Graphic Packaging Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, July 5th. Investors of record on Sunday, June 15th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.09%. The ex-dividend date is Friday, June 13th. Graphic Packaging's payout ratio is presently 21.46%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GPK. 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. Royal Bank Of Canada reduced their price target on shares of Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating on the stock in a research note on Wednesday, June 18th. UBS Group initiated coverage on shares of Graphic Packaging in a research report on Wednesday, June 4th. They set a "neutral" rating and a $24.00 price objective for the company. Raymond James Financial restated an "outperform" rating and issued a $26.00 target price (down previously from $30.00) on shares of Graphic Packaging in a research report on Friday, May 2nd. Finally, BNP Paribas Exane cut shares of Graphic Packaging from an "outperform" rating to a "neutral" rating in a research note on Wednesday, June 25th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $28.40.

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.