Milford Funds Ltd. purchased a new position in Graphic Packaging Holding Company (NYSE:GPK – Free Report) in the fourth quarter, Holdings Channel reports. The fund purchased 2,880,110 shares of the industrial products company’s stock, valued at approximately $43,374,000.
A number of other institutional investors also recently added to or reduced their stakes in GPK. Quarry LP lifted its stake in Graphic Packaging by 282.0% in the third quarter. Quarry LP now owns 1,547 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 1,142 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Graphic Packaging in the third quarter worth approximately $31,000. MassMutual Private Wealth & Trust FSB lifted its stake in Graphic Packaging by 649.6% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,039 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 1,767 shares during the last quarter. Danske Bank A S purchased a new position in Graphic Packaging in the third quarter worth approximately $45,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in Graphic Packaging in the third quarter worth approximately $49,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.
Graphic Packaging Stock Up 0.6%
Shares of Graphic Packaging stock opened at $10.69 on Friday. The company has a market cap of $3.16 billion, a P/E ratio of 11.62 and a beta of 0.66. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.59 and a current ratio of 1.41. Graphic Packaging Holding Company has a one year low of $8.78 and a one year high of $23.76. The firm has a fifty day moving average of $10.11 and a two-hundred day moving average of $12.32.
Graphic Packaging Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Monday, June 15th will be given a dividend of $0.11 per share. The ex-dividend date is Monday, June 15th. This represents a $0.44 dividend on an annualized basis and a yield of 4.1%. Graphic Packaging’s dividend payout ratio is presently 47.83%.
Insider Buying and Selling at Graphic Packaging
In related news, Director Jeffrey Stafeil purchased 17,878 shares of the stock in a transaction dated Thursday, May 7th. The shares were acquired at an average cost of $11.19 per share, with a total value of $200,054.82. Following the purchase, the director directly owned 17,878 shares in the company, valued at $200,054.82. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Graphic Packaging in a research note on Wednesday, April 1st. They issued a “hold” rating and a $9.60 price target for the company. Wells Fargo & Company reduced their price objective on shares of Graphic Packaging from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday, April 14th. UBS Group boosted their price objective on shares of Graphic Packaging from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Zacks Research upgraded shares of Graphic Packaging from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Graphic Packaging in a research report on Friday, March 27th. Nine research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $12.33.
Check Out Our Latest Analysis on Graphic Packaging
Key Graphic Packaging News
Here are the key news stories impacting Graphic Packaging this week:
- Negative Sentiment: Multiple law firms, including Pomerantz, Bronstein Gewirtz & Grossman, Faruqi & Faruqi, The Gross Law Firm, Rosen, Schall, DJS Law Group, and others, announced or promoted shareholder lawsuits alleging federal securities-law violations involving Graphic Packaging. These notices can pressure the stock by increasing legal overhang and investor uncertainty. Article Title
- Negative Sentiment: The repeated July 6 lead-plaintiff deadline reminders keep the lawsuit in focus and may encourage more investors to come forward, reinforcing concerns around potential damages and management credibility. Article Title
- Neutral Sentiment: Graphic Packaging also announced that Larry M. Venturelli was elected Chairman of the Board after the annual meeting. While this is a routine governance update, it does not appear to offset the more significant litigation headlines. Article Title
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.
Featured Articles
- Five stocks we like better than Graphic Packaging
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Want to see what other hedge funds are holding GPK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Graphic Packaging Holding Company (NYSE:GPK – Free Report).
Receive News & Ratings for Graphic Packaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graphic Packaging and related companies with MarketBeat.com's FREE daily email newsletter.
