449,515 Shares in Graphic Packaging Holding Company $GPK Bought by Legal & General Group Plc

Legal & General Group Plc bought a new position in shares of Graphic Packaging Holding Company (NYSE:GPK) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 449,515 shares of the industrial products company’s stock, valued at approximately $4,751,000.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP increased its stake in shares of Graphic Packaging by 282.0% in the third quarter. Quarry LP now owns 1,547 shares of the industrial products company’s stock valued at $30,000 after buying an additional 1,142 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of Graphic Packaging by 13,971.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,970 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 1,956 shares during the period. Danske Bank A S bought a new stake in Graphic Packaging in the third quarter valued at approximately $45,000. Bell Investment Advisors Inc acquired a new stake in Graphic Packaging during the 2nd quarter valued at approximately $25,000. Finally, Physician Wealth Advisors Inc. increased its position in Graphic Packaging by 2,321.1% during the 1st quarter. Physician Wealth Advisors Inc. now owns 3,220 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 3,087 shares during the period. Institutional investors own 99.67% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GPK. JPMorgan Chase & Co. started coverage on shares of Graphic Packaging in a research report on Monday, June 29th. They issued a “neutral” rating and a $11.70 price target on the stock. Wells Fargo & Company lifted their target price on shares of Graphic Packaging from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 5th. UBS Group boosted their target price on shares of Graphic Packaging from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Bank of America assumed coverage on shares of Graphic Packaging in a research report on Tuesday, July 14th. They set a “neutral” rating and a $12.00 price target on the stock. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Graphic Packaging in a report on Wednesday, June 24th. Nine analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $11.14.

Graphic Packaging Stock Performance

Shares of GPK stock opened at $10.69 on Friday. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 16.20 and a beta of 0.65. Graphic Packaging Holding Company has a 52 week low of $8.78 and a 52 week high of $21.71. The company has a quick ratio of 0.60, a current ratio of 1.38 and a debt-to-equity ratio of 1.58. The firm has a 50 day moving average of $11.12 and a 200-day moving average of $10.65.

Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, August 4th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.18 billion. Graphic Packaging had a net margin of 2.25% and a return on equity of 9.95%. Graphic Packaging’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 EPS. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. On average, equities analysts forecast that Graphic Packaging Holding Company will post 0.72 earnings per share for the current year.

Graphic Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Graphic Packaging’s dividend payout ratio is 66.67%.

Graphic Packaging Profile

Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.

Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.