NBC Securities Inc. Has $798,000 Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

NBC Securities Inc. grew its position in Graphic Packaging Holding (NYSE:GPK - Free Report) by 105,982.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,764 shares of the industrial products company's stock after acquiring an additional 30,735 shares during the quarter. NBC Securities Inc.'s holdings in Graphic Packaging were worth $798,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Alliancebernstein L.P. grew its holdings in Graphic Packaging by 920.6% during the 4th quarter. Alliancebernstein L.P. now owns 4,176,187 shares of the industrial products company's stock worth $113,425,000 after acquiring an additional 3,767,011 shares in the last quarter. Norges Bank acquired a new stake in Graphic Packaging in the 4th quarter worth approximately $98,268,000. Marshall Wace LLP raised its position in Graphic Packaging by 735.3% during the 4th quarter. Marshall Wace LLP now owns 2,446,843 shares of the industrial products company's stock worth $66,456,000 after buying an additional 2,153,925 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Graphic Packaging by 11.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company's stock worth $441,990,000 after buying an additional 1,702,764 shares during the last quarter. Finally, Boston Trust Walden Corp purchased a new position in Graphic Packaging during the 4th quarter worth approximately $34,131,000. Hedge funds and other institutional investors own 99.67% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Truist Financial dropped 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 reaffirmed an "outperform" rating and set a $26.00 target price (down previously from $30.00) on shares of Graphic Packaging in a research note on Friday, May 2nd. Royal Bank of Canada lowered their price target on shares of Graphic Packaging from $32.00 to $26.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, UBS Group started coverage on shares of Graphic Packaging in a report on Wednesday. They issued a "neutral" rating and a $24.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $28.53.

Graphic Packaging Price Performance

Shares of GPK stock traded up $0.14 during mid-day trading on Friday, reaching $22.25. The stock had a trading volume of 1,900,217 shares, compared to its average volume of 2,539,063. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71. The company has a market cap of $6.72 billion, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 2.10 and a beta of 0.74. Graphic Packaging Holding has a 12-month low of $20.86 and a 12-month high of $30.70. The business has a 50-day simple moving average of $23.62 and a 200 day simple moving average of $26.08.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.05). Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the firm earned $0.66 earnings per share. The business's revenue for the quarter was down 6.2% on a year-over-year basis. On average, sell-side analysts anticipate that Graphic Packaging Holding will post 2.47 earnings per share for the current year.

Graphic Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, July 5th. Investors of record on Sunday, June 15th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, June 13th. This represents a $0.44 dividend on an annualized basis and a yield of 1.98%. Graphic Packaging's dividend payout ratio is currently 21.46%.

Graphic Packaging declared that its board has approved a stock buyback plan on Thursday, May 1st that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire up to 23.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management 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.