15,787 Shares in Graphic Packaging Holding (NYSE:GPK) Purchased by Oxford Asset Management LLP

Oxford Asset Management LLP bought a new position in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 15,787 shares of the industrial products company's stock, valued at approximately $429,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of GPK. Synergy Asset Management LLC lifted its position in shares of Graphic Packaging by 108.6% during the fourth quarter. Synergy Asset Management LLC now owns 64,343 shares of the industrial products company's stock worth $1,810,000 after acquiring an additional 33,493 shares in the last quarter. Howard Capital Management Group LLC lifted its position in Graphic Packaging by 1.3% in the 4th quarter. Howard Capital Management Group LLC now owns 1,021,143 shares of the industrial products company's stock worth $27,734,000 after buying an additional 13,175 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Graphic Packaging by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company's stock valued at $313,957,000 after purchasing an additional 787,266 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Graphic Packaging by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 194,467 shares of the industrial products company's stock valued at $5,282,000 after buying an additional 608 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new position in Graphic Packaging during the 4th quarter worth approximately $51,642,000. 99.67% of the stock is owned by institutional investors.

Graphic Packaging Trading Up 3.2 %

Shares of NYSE GPK traded up $0.69 during trading hours on Friday, reaching $22.06. The stock had a trading volume of 4,663,133 shares, compared to its average volume of 2,453,392. The business's fifty day moving average price is $25.55 and its two-hundred day moving average price is $27.26. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 10.21, a P/E/G ratio of 2.10 and a beta of 0.81. Graphic Packaging Holding has a 52-week low of $20.86 and a 52-week high of $30.70. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71.

Graphic Packaging (NYSE:GPK - Get Free Report) last released 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). Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The firm had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2.14 billion. During the same period in the previous year, the company posted $0.66 earnings per share. The business's quarterly revenue was down 6.2% compared to the same quarter last year. Analysts expect that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

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

Graphic Packaging Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.99%. This is a positive change from Graphic Packaging's previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, March 14th. Graphic Packaging's payout ratio is 20.37%.

Wall Street Analyst Weigh In

GPK has been the topic of a number of analyst reports. Wells Fargo & Company upgraded shares of Graphic Packaging from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $24.00 to $27.00 in a research report on Monday, January 6th. Truist Financial dropped their target price on shares of Graphic Packaging from $30.00 to $28.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Citigroup restated a "neutral" rating and set a $30.00 price objective (down from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Robert W. Baird reduced their price target on shares of Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Finally, Raymond James reissued an "outperform" rating and issued a $26.00 target price (down previously from $30.00) on shares of Graphic Packaging in a report on Friday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $30.31.

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.