UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $37.81 Million Stake in Graphic Packaging Holding (NYSE:GPK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,392,256 shares of the industrial products company's stock after selling 51,627 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.46% of Graphic Packaging worth $37,814,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Picton Mahoney Asset Management grew its stake in shares of 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 worth $30,000 after acquiring an additional 394 shares during the last quarter. Crews Bank & Trust acquired a new stake in Graphic Packaging during the fourth quarter worth $32,000. Avior Wealth Management LLC increased its stake in Graphic Packaging by 2,484.0% in the fourth quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 1,242 shares during the period. Steward Partners Investment Advisory LLC lifted its position 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 worth $39,000 after buying an additional 689 shares during the period. Finally, UMB Bank n.a. increased its position in shares of Graphic Packaging by 58.2% during the 4th quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company's stock worth $41,000 after purchasing an additional 549 shares in the last quarter. 99.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GPK. Royal Bank of Canada cut their price target on Graphic Packaging from $32.00 to $26.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Robert W. Baird cut their price target on shares of Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Raymond James reaffirmed an "outperform" rating and set a $26.00 price objective (down from $30.00) on shares of Graphic Packaging in a research report on Friday, May 2nd. Finally, Truist Financial cut their target price 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. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $29.17.

Graphic Packaging Stock Performance

Shares of GPK traded down $0.58 during mid-day trading on Wednesday, hitting $22.36. 3,880,286 shares of the company's stock were exchanged, compared to its average volume of 2,530,678. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81. The stock's 50-day simple moving average is $24.19 and its 200-day simple moving average is $26.44. Graphic Packaging Holding has a 52 week low of $20.86 and a 52 week high of $30.70.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its earnings results on Thursday, May 1st. The industrial products company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.05). The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.14 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The business's revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. On average, equities research analysts expect that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, July 5th. Stockholders of record on Sunday, June 15th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.44 annualized dividend and a dividend yield of 1.97%. Graphic Packaging's payout ratio is 21.46%.

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