Graphic Packaging Holding Company $GPK Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in shares of Graphic Packaging Holding Company (NYSE:GPK) by 0.3% during the second quarter, HoldingsChannel.com reports. The fund owned 5,670,434 shares of the industrial products company’s stock after buying an additional 17,827 shares during the period. Geode Capital Management LLC’s holdings in Graphic Packaging were worth $119,494,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GPK. Brooklyn Investment Group lifted its stake in Graphic Packaging by 69.9% in the 1st quarter. Brooklyn Investment Group now owns 1,065 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 438 shares in the last quarter. NorthRock Partners LLC increased its holdings in shares of Graphic Packaging by 1.9% in the first quarter. NorthRock Partners LLC now owns 30,986 shares of the industrial products company’s stock valued at $808,000 after purchasing an additional 563 shares during the last quarter. ProShare Advisors LLC lifted its position in Graphic Packaging by 4.6% during the second quarter. ProShare Advisors LLC now owns 13,379 shares of the industrial products company’s stock worth $282,000 after buying an additional 588 shares in the last quarter. US Bancorp DE boosted its stake in Graphic Packaging by 4.8% during the first quarter. US Bancorp DE now owns 14,288 shares of the industrial products company’s stock worth $371,000 after buying an additional 649 shares during the last quarter. Finally, LRI Investments LLC grew its holdings in Graphic Packaging by 48.3% in the 2nd quarter. LRI Investments LLC now owns 2,073 shares of the industrial products company’s stock valued at $44,000 after buying an additional 675 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Price Performance

Shares of GPK opened at $15.30 on Thursday. The firm has a 50-day simple moving average of $17.88 and a two-hundred day simple moving average of $20.71. The stock has a market cap of $4.51 billion, a PE ratio of 8.64 and a beta of 0.72. Graphic Packaging Holding Company has a 1-year low of $14.90 and a 1-year high of $30.49. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.43 and a quick ratio of 0.56.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. Graphic Packaging had a net margin of 6.18% and a return on equity of 21.13%. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.17 billion. Graphic Packaging has set its FY 2025 guidance at 1.800-2.000 EPS. As a group, analysts forecast that Graphic Packaging Holding Company will post 2.47 EPS for the current year.

Wall Street Analysts Forecast Growth

GPK has been the subject of a number of recent research reports. Zacks Research downgraded Graphic Packaging from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Graphic Packaging in a research note on Wednesday, October 8th. Citigroup decreased their target price on shares of Graphic Packaging from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Wells Fargo & Company cut their price target on shares of Graphic Packaging from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, November 6th. Finally, Raymond James Financial lowered shares of Graphic Packaging from an “outperform” rating to a “market perform” rating in a research report on Friday, October 17th. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $22.63.

Insider Activity at Graphic Packaging

In other news, EVP Joseph P. Yost sold 30,000 shares of Graphic Packaging stock in a transaction on Monday, August 25th. The stock was sold at an average price of $22.72, for a total value 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 approximately $5,798,212.16. The trade was a 10.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.41% of the stock is currently owned by corporate insiders.

About Graphic Packaging

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.