Graphic Packaging Holding Company (NYSE:GPK) Position Trimmed by Tectonic Advisors LLC

Tectonic Advisors LLC lowered its position in shares of Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 11.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 206,179 shares of the industrial products company's stock after selling 27,740 shares during the period. Tectonic Advisors LLC owned about 0.07% of Graphic Packaging worth $5,352,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of GPK. Picton Mahoney Asset Management grew its holdings in shares of Graphic Packaging by 55.4% during the 4th quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company's stock worth $30,000 after acquiring 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 fourth quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 689 shares in the last quarter. Wayfinding Financial LLC purchased a new position in Graphic Packaging in the first quarter worth about $42,000. Mizuho Bank Ltd. purchased a new position in Graphic Packaging in the fourth quarter worth about $43,000. Finally, UMB Bank n.a. lifted its stake in Graphic Packaging by 42.3% in the first quarter. UMB Bank n.a. now owns 2,125 shares of the industrial products company's stock worth $55,000 after purchasing an additional 632 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company's stock.

Graphic Packaging Stock Down 0.8%

GPK traded down $0.18 during trading on Friday, hitting $22.44. The company had a trading volume of 3,480,111 shares, compared to its average volume of 2,633,110. The company has a market cap of $6.77 billion, a PE ratio of 10.95 and a beta of 0.71. The business has a 50-day moving average of $22.15 and a 200-day moving average of $24.69. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.88 and a quick ratio of 0.73. Graphic Packaging Holding Company has a 1-year low of $20.86 and a 1-year high of $30.70.

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

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

Graphic Packaging Dividend Announcement

The business 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 was Friday, June 13th. This represents a $0.44 annualized dividend and a yield of 1.96%. Graphic Packaging's dividend payout ratio is presently 21.46%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Bank of America cut their price objective on shares of Graphic Packaging from $31.00 to $28.00 and set a "buy" rating on the stock in a report on Wednesday, July 9th. Raymond James Financial reissued an "outperform" rating and set a $26.00 target price (down previously from $30.00) on shares of Graphic Packaging in a research note on Friday, May 2nd. UBS Group began coverage on shares of Graphic Packaging in a research note on Wednesday, June 4th. They issued a "neutral" rating and a $24.00 price target for the company. Royal Bank Of Canada reduced their target price on shares of Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating on the stock in a report on Wednesday, June 18th. Finally, BNP Paribas Exane downgraded shares of Graphic Packaging from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $26.38.

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.