39,825 Shares in Graphic Packaging Holding (NYSE:GPK) Purchased by Nomura Holdings Inc.

Nomura Holdings Inc. purchased a new stake in Graphic Packaging Holding (NYSE:GPK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 39,825 shares of the industrial products company's stock, valued at approximately $1,082,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Picton Mahoney Asset Management grew 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 acquiring an additional 394 shares during the period. Crews Bank & Trust bought a new stake in Graphic Packaging in the 4th quarter valued at about $32,000. Avior Wealth Management LLC lifted its holdings in shares of Graphic Packaging by 2,484.0% during the 4th quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company's stock worth $35,000 after acquiring an additional 1,242 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings 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 acquiring an additional 689 shares during the period. Finally, UMB Bank n.a. increased its position in 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. Institutional investors own 99.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GPK. Royal Bank of Canada lowered their price objective on shares of Graphic Packaging from $32.00 to $26.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Raymond James reiterated 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. Truist Financial decreased their price target on shares of Graphic Packaging from $30.00 to $28.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Finally, Robert W. Baird decreased their price target on shares of Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.17.

Graphic Packaging Trading Down 0.0%

NYSE GPK traded down $0.00 on Friday, hitting $22.62. The company's stock had a trading volume of 3,175,577 shares, compared to its average volume of 2,520,934. Graphic Packaging Holding has a 1-year low of $20.86 and a 1-year high of $30.70. 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 company's 50-day moving average is $24.31 and its 200 day moving average is $26.53. The firm has a market cap of $6.83 billion, a PE ratio of 10.47, a PEG ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted 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 return on equity of 25.96% and a net margin of 7.47%. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the company earned $0.66 earnings per share. The company's quarterly revenue was down 6.2% compared to the same quarter last year. As a group, analysts predict that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging declared that its Board of Directors has initiated a stock buyback program 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 purchase up to 23.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Graphic Packaging Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, July 5th. Stockholders of record on Sunday, June 15th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Friday, June 13th. Graphic Packaging's dividend payout ratio (DPR) is presently 21.46%.

Graphic Packaging 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.