Whittier Trust Co. of Nevada Inc. Purchases 87,475 Shares of Graphic Packaging Holding Company $GPK

Whittier Trust Co. of Nevada Inc. raised its position in Graphic Packaging Holding Company (NYSE:GPK) by 46.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 276,056 shares of the industrial products company’s stock after acquiring an additional 87,475 shares during the quarter. Whittier Trust Co. of Nevada Inc. owned approximately 0.09% of Graphic Packaging worth $5,814,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GPK. Caitong International Asset Management Co. Ltd bought a new position in Graphic Packaging in the first quarter valued at about $28,000. Brooklyn Investment Group lifted its holdings in Graphic Packaging by 69.9% in the first quarter. Brooklyn Investment Group now owns 1,065 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 438 shares during the period. Wayfinding Financial LLC bought a new position in Graphic Packaging in the first quarter valued at about $42,000. LRI Investments LLC lifted its holdings in Graphic Packaging by 48.3% in the second quarter. LRI Investments LLC now owns 2,073 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 675 shares during the period. Finally, Summit Securities Group LLC purchased a new stake in Graphic Packaging in the first quarter worth about $64,000. Institutional investors own 99.67% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on GPK. Wells Fargo & Company reduced their price target on Graphic Packaging from $23.00 to $20.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 17th. Royal Bank Of Canada cut Graphic Packaging from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $25.00 to $21.00 in a research report on Thursday, October 9th. Bank of America restated a “neutral” rating and issued a $24.00 price target on shares of Graphic Packaging in a research report on Thursday, October 9th. UBS Group reduced their price target on Graphic Packaging from $24.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Finally, Citigroup reduced their price target on Graphic Packaging from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. One investment analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $23.00.

Graphic Packaging Stock Performance

NYSE:GPK opened at $17.57 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 0.56 and a debt-to-equity ratio of 1.68. Graphic Packaging Holding Company has a 12-month low of $16.94 and a 12-month high of $30.70. The stock has a 50-day moving average price of $20.26 and a 200 day moving average price of $21.91. The stock has a market capitalization of $5.21 billion, a P/E ratio of 9.93 and a beta of 0.74.

Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Graphic Packaging has set its FY 2025 guidance at 1.900-2.20 EPS. Equities research analysts forecast that Graphic Packaging Holding Company will post 2.47 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Monday, September 15th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, September 15th. Graphic Packaging’s dividend payout ratio (DPR) is currently 24.86%.

Insider Activity at Graphic Packaging

In other Graphic Packaging news, EVP Joseph P. Yost sold 30,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president owned 255,203 shares in the company, valued at $5,798,212.16. This trade represents a 10.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Philip R. Martens sold 56,737 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $21.84, for a total value of $1,239,136.08. Following the transaction, the director owned 33,826 shares of the company’s stock, valued at $738,759.84. This represents a 62.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,752 shares of company stock valued at $2,073,663 in the last 90 days. 1.41% of the stock is currently owned by company 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.