Graphic Packaging Holding Company $GPK Stake Lifted by Flputnam Investment Management Co.

Flputnam Investment Management Co. increased its stake in shares of Graphic Packaging Holding Company (NYSE:GPK) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,047 shares of the industrial products company’s stock after buying an additional 3,187 shares during the quarter. Flputnam Investment Management Co.’s holdings in Graphic Packaging were worth $5,063,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of GPK. Victory Capital Management Inc. grew its stake in shares of Graphic Packaging by 1,004.9% in the first quarter. Victory Capital Management Inc. now owns 9,240,697 shares of the industrial products company’s stock worth $239,888,000 after purchasing an additional 8,404,340 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Graphic Packaging by 11.7% in the first quarter. American Century Companies Inc. now owns 18,488,501 shares of the industrial products company’s stock worth $479,962,000 after purchasing an additional 1,932,841 shares in the last quarter. Epoch Investment Partners Inc. grew its stake in shares of Graphic Packaging by 11,000.0% in the first quarter. Epoch Investment Partners Inc. now owns 1,299,806 shares of the industrial products company’s stock worth $33,743,000 after purchasing an additional 1,288,096 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Graphic Packaging by 14.8% in the first quarter. Dimensional Fund Advisors LP now owns 7,890,782 shares of the industrial products company’s stock worth $204,844,000 after purchasing an additional 1,018,017 shares in the last quarter. Finally, Ensign Peak Advisors Inc grew its stake in shares of Graphic Packaging by 783.7% in the fourth quarter. Ensign Peak Advisors Inc now owns 1,059,988 shares of the industrial products company’s stock worth $28,789,000 after purchasing an additional 940,035 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

Insider Buying and Selling at Graphic Packaging

In other news, EVP Joseph P. Yost sold 30,000 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $22.72, for a total transaction of $681,600.00. Following the completion of the sale, the executive vice president directly owned 255,203 shares of the company’s stock, valued at $5,798,212.16. This represents a 10.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Philip R. Martens sold 7,015 shares of the company’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $21.80, for a total value of $152,927.00. Following the sale, the director directly owned 26,811 shares of the company’s stock, valued at approximately $584,479.80. This represents a 20.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 93,752 shares of company stock valued at $2,073,663. 1.41% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GPK shares. Wells Fargo & Company increased their price target on Graphic Packaging from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Truist Financial decreased their price target on Graphic Packaging from $24.00 to $23.00 and set a “hold” rating for the company in a research note on Friday, July 11th. BNP Paribas Exane cut Graphic Packaging from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 25th. Bank of America cut their price objective on Graphic Packaging from $31.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, July 9th. Finally, UBS Group started coverage on Graphic Packaging in a report on Wednesday, June 4th. They issued a “neutral” rating and a $24.00 price objective for the company. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.38.

Graphic Packaging Trading Up 0.3%

Shares of Graphic Packaging stock opened at $22.25 on Monday. The company has a quick ratio of 0.56, a current ratio of 1.43 and a debt-to-equity ratio of 1.68. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 7.57 and a beta of 0.76. The business has a fifty day simple moving average of $22.33 and a 200-day simple moving average of $23.67. Graphic Packaging Holding Company has a fifty-two week low of $20.86 and a fifty-two week high of $30.70.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%.The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.13 billion. Graphic Packaging has set its FY 2025 guidance at 1.900-2.20 EPS. On average, equities analysts forecast that Graphic Packaging Holding Company will post 2.47 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, September 15th. Graphic Packaging’s dividend payout ratio is currently 24.86%.

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.