Segall Bryant & Hamill LLC Sells 108,647 Shares of Graphic Packaging Holding Company (NYSE:GPK)

Segall Bryant & Hamill LLC trimmed 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 Form 13F filing with the SEC. The firm owned 297,323 shares of the industrial products company's stock after selling 108,647 shares during the period. Segall Bryant & Hamill LLC owned 0.10% of Graphic Packaging worth $7,719,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of GPK. Proficio Capital Partners LLC bought a new position in Graphic Packaging in the 4th quarter valued at about $478,000. Envestnet Portfolio Solutions Inc. grew its position in Graphic Packaging by 7.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 34,860 shares of the industrial products company's stock valued at $947,000 after buying an additional 2,390 shares in the last quarter. Xponance Inc. grew its position in Graphic Packaging by 9.2% in the 4th quarter. Xponance Inc. now owns 35,690 shares of the industrial products company's stock valued at $969,000 after buying an additional 2,996 shares in the last quarter. Whittier Trust Co. grew its position in Graphic Packaging by 3.6% in the 4th quarter. Whittier Trust Co. now owns 360,673 shares of the industrial products company's stock valued at $9,792,000 after buying an additional 12,391 shares in the last quarter. Finally, Clear Investment Research LLC grew its position in Graphic Packaging by 4.8% in the 4th quarter. Clear Investment Research LLC now owns 217,926 shares of the industrial products company's stock valued at $5,919,000 after buying an additional 9,981 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on GPK. BNP Paribas Exane lowered shares of Graphic Packaging from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Raymond James Financial restated an "outperform" rating and set a $26.00 price objective (down previously from $30.00) on shares of Graphic Packaging in a research report on Friday, May 2nd. Truist Financial decreased their target price on shares of Graphic Packaging from $24.00 to $23.00 and set a "hold" rating for the company in a report on Friday, July 11th. UBS Group started coverage on shares of Graphic Packaging in a report on Wednesday, June 4th. They issued a "neutral" rating and a $24.00 target price for the company. Finally, Royal Bank Of Canada reduced their price target on shares of Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating for the company in a research report on Wednesday, June 18th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Graphic Packaging presently has a consensus rating of "Hold" and a consensus target price of $26.38.

Graphic Packaging Stock Performance

GPK traded up $0.00 during trading on Monday, reaching $22.45. 1,763,380 shares of the company's stock were exchanged, compared to its average volume of 2,639,804. 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 quick ratio of 0.73, a current ratio of 1.88 and a debt-to-equity ratio of 1.80. The business has a 50 day moving average price of $22.16 and a 200 day moving average price of $24.62. The company has a market capitalization of $6.78 billion, a P/E ratio of 10.95 and a beta of 0.71.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.05). Graphic Packaging had a net margin of 7.15% and a return on equity of 23.68%. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the firm posted $0.66 EPS. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. As a group, analysts predict that Graphic Packaging Holding Company will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

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

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