Edgestream Partners L.P. cut its stake in Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 51.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 120,466 shares of the industrial products company's stock after selling 125,682 shares during the period. Edgestream Partners L.P.'s holdings in Graphic Packaging were worth $3,127,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC boosted its position in shares of Graphic Packaging by 92.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company's stock worth $39,000 after acquiring an additional 689 shares during the last quarter. Mizuho Bank Ltd. purchased a new position in Graphic Packaging in the fourth quarter valued at approximately $43,000. Wayfinding Financial LLC purchased a new position in Graphic Packaging in the first quarter valued at approximately $42,000. UMB Bank n.a. raised its holdings in Graphic Packaging by 42.3% in the first quarter. UMB Bank n.a. now owns 2,125 shares of the industrial products company's stock valued at $55,000 after buying an additional 632 shares during the period. Finally, Park Square Financial Group LLC purchased a new position in Graphic Packaging in the fourth quarter valued at approximately $79,000. 99.67% of the stock is owned by institutional investors and hedge funds.
Graphic Packaging Trading Up 0.2%
GPK opened at $22.01 on Thursday. The stock has a market capitalization of $6.64 billion, a PE ratio of 10.73 and a beta of 0.71. The firm's fifty day moving average price is $22.15 and its 200 day moving average price is $24.72. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.88 and a quick ratio of 0.73. Graphic Packaging Holding Company has a 12-month low of $20.86 and a 12-month high of $30.70.
Graphic Packaging (NYSE:GPK - Get Free Report) last posted its quarterly 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). The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.14 billion. Graphic Packaging had a net margin of 7.15% and a return on equity of 23.68%. The company's revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 earnings per share. As a group, research analysts expect that Graphic Packaging Holding Company will post 2.47 EPS for the current fiscal year.
Graphic Packaging announced that its board has authorized a stock repurchase plan on Thursday, May 1st that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the industrial products company to reacquire up to 23.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.
Graphic Packaging Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Saturday, July 5th. Investors of record on Sunday, June 15th were issued a $0.11 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.44 annualized dividend and a yield of 2.00%. Graphic Packaging's dividend payout ratio is presently 21.46%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on GPK shares. Bank of America cut their price target on shares of Graphic Packaging from $31.00 to $28.00 and set a "buy" rating on the stock in a report on Wednesday, July 9th. BNP Paribas Exane lowered shares of Graphic Packaging from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. UBS Group assumed coverage on shares of Graphic Packaging in a research report on Wednesday, June 4th. They set a "neutral" rating and a $24.00 target price on the stock. Royal Bank Of Canada decreased their price objective on shares of Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating for the company in a research report on Wednesday, June 18th. Finally, Truist Financial lowered their target price on Graphic Packaging from $24.00 to $23.00 and set a "hold" rating for the company in a research note on Friday, July 11th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Graphic Packaging currently has a consensus rating of "Hold" and a consensus price target of $26.88.
Read Our Latest Stock Report on Graphic Packaging
Graphic Packaging Profile
(
Free Report)
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.
Read More
Want to see what other hedge funds are holding GPK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Graphic Packaging Holding Company (NYSE:GPK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Graphic Packaging, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Graphic Packaging wasn't on the list.
While Graphic Packaging currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.