Hunter Perkins Capital Management LLC Has $10.83 Million Holdings in Graphic Packaging Holding Company (NYSE:GPK)

Hunter Perkins Capital Management LLC reduced its position in shares of Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 27.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 416,205 shares of the industrial products company's stock after selling 155,097 shares during the period. Graphic Packaging comprises about 2.5% of Hunter Perkins Capital Management LLC's investment portfolio, making the stock its 11th biggest position. Hunter Perkins Capital Management LLC owned 0.14% of Graphic Packaging worth $10,830,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New World Advisors LLC raised its stake in shares of Graphic Packaging by 41.7% in the first quarter. New World Advisors LLC now owns 17,000 shares of the industrial products company's stock valued at $441,000 after acquiring an additional 5,000 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in Graphic Packaging by 1.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 61,206 shares of the industrial products company's stock valued at $1,589,000 after purchasing an additional 996 shares in the last quarter. XML Financial LLC increased its holdings in Graphic Packaging by 7.4% during the 1st quarter. XML Financial LLC now owns 23,530 shares of the industrial products company's stock valued at $611,000 after purchasing an additional 1,620 shares in the last quarter. Aspire Private Capital LLC raised its position in Graphic Packaging by 10.5% in the 1st quarter. Aspire Private Capital LLC now owns 28,093 shares of the industrial products company's stock valued at $729,000 after purchasing an additional 2,665 shares during the last quarter. Finally, Advocate Group LLC boosted its stake in Graphic Packaging by 10.3% in the first quarter. Advocate Group LLC now owns 249,718 shares of the industrial products company's stock worth $6,483,000 after purchasing an additional 23,319 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GPK shares. UBS Group initiated coverage on Graphic Packaging in a report on Wednesday, June 4th. They issued a "neutral" rating and a $24.00 price target for the company. Royal Bank Of Canada reduced their target price on shares of Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating on the stock in a research report on Wednesday, June 18th. Truist Financial decreased their price target on shares of Graphic Packaging from $30.00 to $28.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Raymond James Financial restated an "outperform" rating and issued a $26.00 price objective (down previously from $30.00) on shares of Graphic Packaging in a research report on Friday, May 2nd. Finally, BNP Paribas Exane lowered Graphic Packaging from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $28.40.

Graphic Packaging Trading Up 0.3%

GPK traded up $0.07 during trading on Monday, reaching $21.09. 1,803,284 shares of the company's stock were exchanged, compared to its average volume of 2,947,556. The company's fifty day moving average price is $22.64 and its 200-day moving average price is $25.20. The firm has a market capitalization of $6.36 billion, a PE ratio of 10.29, a P/E/G ratio of 3.74 and a beta of 0.74. Graphic Packaging Holding Company 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 1.80, a quick ratio of 0.73 and a current ratio of 1.88.

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 the consensus estimate of $2.14 billion. Graphic Packaging had a return on equity of 23.68% and a net margin of 7.15%. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 earnings per share. As a group, equities analysts forecast that Graphic Packaging Holding Company will post 2.47 EPS for the current year.

Graphic Packaging Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 2.09%. Graphic Packaging's dividend payout ratio (DPR) is presently 21.46%.

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