Wealth Enhancement Advisory Services LLC Trims Stock Holdings in Graphic Packaging Holding Company (NYSE:GPK)

Wealth Enhancement Advisory Services LLC lowered its stake in Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 86.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 20,657 shares of the industrial products company's stock after selling 137,008 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Graphic Packaging were worth $536,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC grew its stake in Graphic Packaging by 4.1% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 11,770 shares of the industrial products company's stock valued at $306,000 after acquiring an additional 465 shares during the period. Howard Capital Management Group LLC lifted its holdings in Graphic Packaging by 0.6% in the 1st quarter. Howard Capital Management Group LLC now owns 1,027,748 shares of the industrial products company's stock valued at $26,680,000 after purchasing an additional 6,605 shares in the last quarter. Compagnie Lombard Odier SCmA lifted its holdings in Graphic Packaging by 20.8% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 106,061 shares of the industrial products company's stock valued at $2,753,000 after purchasing an additional 18,243 shares in the last quarter. Terra Alpha Investments LLC purchased a new position in Graphic Packaging in the 1st quarter valued at $1,247,000. Finally, UMB Bank n.a. lifted its holdings in Graphic Packaging by 42.3% in the 1st quarter. UMB Bank n.a. now owns 2,125 shares of the industrial products company's stock valued at $55,000 after purchasing an additional 632 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GPK. Raymond James Financial restated an "outperform" rating and issued a $26.00 price objective (down previously from $30.00) on shares of Graphic Packaging in a report on Friday, May 2nd. Royal Bank Of Canada decreased their price objective on Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating on the stock in a report on Wednesday, June 18th. BNP Paribas Exane lowered Graphic Packaging from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Truist Financial decreased their price objective on Graphic Packaging from $30.00 to $28.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Finally, UBS Group began coverage on Graphic Packaging in a report on Wednesday, June 4th. They issued a "neutral" rating and a $24.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $28.40.

Graphic Packaging Trading Down 1.2%

Shares of NYSE GPK traded down $0.26 during trading on Monday, hitting $21.76. 2,584,586 shares of the company were exchanged, compared to its average volume of 2,605,523. Graphic Packaging Holding Company has a 12-month low of $20.86 and a 12-month high of $30.70. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.73 and a current ratio of 1.88. The company has a fifty day moving average price of $22.24 and a 200-day moving average price of $24.94. The firm has a market capitalization of $6.57 billion, a PE ratio of 10.61, a P/E/G ratio of 3.92 and a beta of 0.71.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its quarterly 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). The company 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%. The firm's revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior 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 Dividend Announcement

The business also recently disclosed 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 2.02%. Graphic Packaging's dividend payout ratio (DPR) is currently 21.46%.

Graphic Packaging announced that its Board of Directors has initiated a stock repurchase 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 purchase up to 23.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are 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.