Whittier Trust Co. Boosts Holdings in Graphic Packaging Holding Company $GPK

Whittier Trust Co. boosted its position in shares of Graphic Packaging Holding Company (NYSE:GPK) by 43.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 526,805 shares of the industrial products company’s stock after buying an additional 159,246 shares during the quarter. Whittier Trust Co. owned 0.17% of Graphic Packaging worth $11,094,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Concurrent Investment Advisors LLC boosted its stake in shares of Graphic Packaging by 3.6% during the first quarter. Concurrent Investment Advisors LLC now owns 11,535 shares of the industrial products company’s stock valued at $299,000 after purchasing an additional 402 shares during the period. Brooklyn Investment Group boosted its stake in shares of Graphic Packaging by 69.9% during the first quarter. Brooklyn Investment Group now owns 1,065 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 438 shares during the period. NorthRock Partners LLC boosted its stake in shares of Graphic Packaging by 1.9% during 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 period. Xponance Inc. raised its holdings in shares of Graphic Packaging by 1.8% in the first quarter. Xponance Inc. now owns 36,320 shares of the industrial products company’s stock valued at $943,000 after acquiring an additional 630 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Graphic Packaging by 4.8% in the first quarter. US Bancorp DE now owns 14,288 shares of the industrial products company’s stock valued at $371,000 after acquiring an additional 649 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Graphic Packaging

In related news, Director Philip R. Martens sold 56,737 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $21.84, for a total value of $1,239,136.08. Following the completion of the transaction, the director directly owned 33,826 shares of the company’s stock, valued at approximately $738,759.84. This represents a 62.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph P. Yost sold 30,000 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $22.72, for a total value of $681,600.00. Following the completion of the transaction, the executive vice president directly owned 255,203 shares of the company’s stock, valued at approximately $5,798,212.16. This represents a 10.52% 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. Corporate insiders own 1.41% of the company’s stock.

Graphic Packaging Trading Up 1.0%

Shares of GPK stock opened at $17.57 on Wednesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.43 and a quick ratio of 0.56. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 9.93 and a beta of 0.74. The stock has a 50 day simple moving average of $20.26 and a 200-day simple moving average of $21.91. Graphic Packaging Holding Company has a 1-year low of $16.94 and a 1-year high of $30.70.

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

Graphic Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Monday, September 15th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, September 15th. Graphic Packaging’s dividend payout ratio is presently 24.86%.

Analyst Ratings Changes

Several analysts recently weighed in on GPK shares. BNP Paribas Exane downgraded Graphic Packaging from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 25th. Bank of America restated a “neutral” rating and issued a $24.00 price objective on shares of Graphic Packaging in a report on Thursday, October 9th. Raymond James Financial downgraded Graphic Packaging from an “outperform” rating to a “market perform” rating in a report on Friday. Citigroup decreased their price objective on Graphic Packaging from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Finally, Wells Fargo & Company decreased their price objective on Graphic Packaging from $23.00 to $20.00 and set an “equal weight” rating for the company in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $23.00.

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.