TD Private Client Wealth LLC Boosts Position in Graphic Packaging Holding Company (NYSE:GPK)

TD Private Client Wealth LLC grew its position in Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 366.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 23,942 shares of the industrial products company's stock after buying an additional 18,812 shares during the period. TD Private Client Wealth LLC's holdings in Graphic Packaging were worth $622,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Picton Mahoney Asset Management grew its position in Graphic Packaging by 55.4% during the fourth quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company's stock valued at $30,000 after buying an additional 394 shares during the period. Concurrent Investment Advisors LLC grew its position in Graphic Packaging by 3.6% during the first quarter. Concurrent Investment Advisors LLC now owns 11,535 shares of the industrial products company's stock valued at $299,000 after buying an additional 402 shares during the period. 1620 Investment Advisors Inc. grew its position in Graphic Packaging by 3.8% during the fourth quarter. 1620 Investment Advisors Inc. now owns 11,163 shares of the industrial products company's stock valued at $303,000 after buying an additional 413 shares during the period. Elevation Point Wealth Partners LLC grew its position in Graphic Packaging by 4.1% during the first quarter. Elevation Point Wealth Partners LLC now owns 11,770 shares of the industrial products company's stock valued at $306,000 after buying an additional 465 shares during the period. Finally, Merit Financial Group LLC grew its position in Graphic Packaging by 6.4% during the first quarter. Merit Financial Group LLC now owns 8,480 shares of the industrial products company's stock valued at $220,000 after buying an additional 512 shares during the period. 99.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GPK shares. Raymond James Financial restated an "outperform" rating and set a $26.00 target price (down from $30.00) on shares of Graphic Packaging in a research report on Friday, May 2nd. Truist Financial cut their target price on shares of Graphic Packaging from $24.00 to $23.00 and set a "hold" rating for the company in a research report on Friday. BNP Paribas Exane lowered shares of Graphic Packaging from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Royal Bank Of Canada dropped 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. Finally, Bank of America dropped their price target on shares of Graphic Packaging from $31.00 to $28.00 and set a "buy" rating for the company in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $26.88.

Graphic Packaging Price Performance

Shares of NYSE:GPK traded down $0.28 during midday trading on Friday, reaching $22.32. 493,363 shares of the company were exchanged, compared to its average volume of 2,946,619. The company has a current ratio of 1.88, a quick ratio of 0.73 and a debt-to-equity ratio of 1.80. The business's fifty day moving average is $22.13 and its two-hundred day moving average is $24.87. Graphic Packaging Holding Company has a one year low of $20.86 and a one year high of $30.70. The stock has a market cap of $6.74 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 4.05 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.05). The company had revenue of $2.12 billion for 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%. Graphic Packaging's revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 EPS. As a group, analysts predict that Graphic Packaging Holding Company will post 2.47 earnings per share for the current year.

Graphic Packaging Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, July 5th. Investors of record on Sunday, June 15th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Friday, June 13th. Graphic Packaging's dividend payout ratio is presently 21.46%.

Graphic Packaging declared that its board has approved a stock buyback program 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 programs are often a sign that the company's board of directors believes its stock is 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.