TD Private Client Wealth LLC Has $622,000 Holdings in Graphic Packaging Holding Company (NYSE:GPK)

TD Private Client Wealth LLC raised its holdings in Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 366.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,942 shares of the industrial products company's stock after acquiring an additional 18,812 shares during the quarter. TD Private Client Wealth LLC's holdings in Graphic Packaging were worth $622,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Picton Mahoney Asset Management grew its stake in shares of 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 worth $30,000 after purchasing an additional 394 shares during the period. Steward Partners Investment Advisory LLC grew its position 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 buying an additional 689 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Graphic Packaging in the 1st quarter valued at about $42,000. Mizuho Bank Ltd. acquired a new stake in shares of Graphic Packaging in the 4th quarter valued at approximately $43,000. Finally, UMB Bank n.a. boosted its stake in Graphic Packaging by 42.3% during the 1st quarter. UMB Bank n.a. now owns 2,125 shares of the industrial products company's stock worth $55,000 after acquiring an additional 632 shares during the last quarter. Institutional investors own 99.67% of the company's stock.

Graphic Packaging Stock Performance

Shares of NYSE GPK traded up $0.17 during mid-day trading on Thursday, reaching $22.61. 3,464,852 shares of the company were exchanged, compared to its average volume of 2,617,822. The stock has a market capitalization of $6.82 billion, a P/E ratio of 11.03, a P/E/G ratio of 3.95 and a beta of 0.71. 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 company's 50-day simple moving average is $22.11 and its 200-day simple moving average is $24.90. Graphic Packaging Holding Company has a twelve month low of $20.86 and a twelve month high of $30.70.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.51 EPS 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% on a year-over-year basis. During the same quarter last year, the business earned $0.66 EPS. As a group, research analysts predict that Graphic Packaging Holding Company will post 2.47 earnings per share for the current year.

Graphic Packaging announced that its Board of Directors has authorized a share buyback plan on Thursday, May 1st that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the industrial products company to buy up to 23.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Graphic Packaging Announces Dividend

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

Analyst Upgrades and Downgrades

GPK has been the topic of several analyst reports. Raymond James Financial reiterated an "outperform" rating and issued a $26.00 target price (down from $30.00) on shares of Graphic Packaging in a report on Friday, May 2nd. Truist Financial dropped their target price on Graphic Packaging from $30.00 to $28.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Royal Bank Of Canada cut their price target on shares of Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating on the stock in a research report on Wednesday, June 18th. Bank of America decreased their target price on shares of Graphic Packaging from $31.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, BNP Paribas Exane cut shares of Graphic Packaging from an "outperform" rating to a "neutral" rating in a research note on Wednesday, June 25th. 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 presently has an average rating of "Hold" and an average price target of $27.50.

Graphic Packaging Company 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.