Graphic Packaging Holding Company (NYSE:GPK) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its holdings in shares of Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 26.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,323 shares of the industrial products company's stock after selling 108,647 shares during the period. Segall Bryant & Hamill LLC owned about 0.10% of Graphic Packaging worth $7,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Victory Capital Management Inc. lifted its holdings in Graphic Packaging by 1,004.9% in the 1st quarter. Victory Capital Management Inc. now owns 9,240,697 shares of the industrial products company's stock valued at $239,888,000 after purchasing an additional 8,404,340 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Graphic Packaging by 4.6% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 188,581 shares of the industrial products company's stock valued at $4,894,000 after purchasing an additional 8,332 shares in the last quarter. Whittier Trust Co. lifted its holdings in Graphic Packaging by 1.9% in the 1st quarter. Whittier Trust Co. now owns 367,559 shares of the industrial products company's stock valued at $9,538,000 after purchasing an additional 6,886 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Graphic Packaging by 8.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,351,192 shares of the industrial products company's stock valued at $268,717,000 after purchasing an additional 781,509 shares in the last quarter. Finally, Trail Ridge Investment Advisors LLC lifted its holdings in Graphic Packaging by 7.3% in the 1st quarter. Trail Ridge Investment Advisors LLC now owns 10,147 shares of the industrial products company's stock valued at $263,000 after purchasing an additional 686 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wells Fargo & Company raised their price objective on Graphic Packaging from $21.00 to $23.00 and gave the company an "equal weight" rating in a report on Friday. Truist Financial dropped their target price on Graphic Packaging from $24.00 to $23.00 and set a "hold" rating for the company in a research report on Friday, July 11th. Raymond James Financial reaffirmed an "outperform" rating and issued a $26.00 target price (down from $30.00) on shares of Graphic Packaging in a research report on Friday, May 2nd. UBS Group started coverage on Graphic Packaging in a research note on Wednesday, June 4th. They issued a "neutral" rating and a $24.00 price objective for the company. Finally, Royal Bank Of Canada decreased their price objective on Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating for the company in a research note on Wednesday, June 18th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $26.38.

Graphic Packaging Stock Down 0.8%

GPK stock traded down $0.18 during trading on Friday, hitting $22.44. 3,481,144 shares of the company's stock were exchanged, compared to its average volume of 2,638,762. The business has a 50-day moving average price of $22.16 and a two-hundred day moving average price of $24.65. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 10.95 and a beta of 0.71. Graphic Packaging Holding Company has a 52-week low of $20.86 and a 52-week high of $30.70. The company has a current ratio of 1.88, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its earnings results 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). The business had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2.14 billion. Graphic Packaging had a return on equity of 23.68% and a net margin of 7.15%. Graphic Packaging's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 EPS. As a group, equities research analysts expect that Graphic Packaging Holding Company will post 2.47 EPS for the current year.

Graphic Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, July 5th. Shareholders of record on Sunday, June 15th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Friday, June 13th. Graphic Packaging's dividend payout ratio is currently 21.46%.

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

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.