Graphic Packaging Holding Company $GPK Stock Holdings Lowered by Waycross Investment Management Co

Waycross Investment Management Co cut its position in Graphic Packaging Holding Company (NYSE:GPK) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,199 shares of the industrial products company’s stock after selling 815 shares during the quarter. Graphic Packaging comprises 0.9% of Waycross Investment Management Co’s holdings, making the stock its 28th biggest position. Waycross Investment Management Co’s holdings in Graphic Packaging were worth $889,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in Graphic Packaging in the 1st quarter worth about $28,000. Brooklyn Investment Group boosted its position 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 worth $28,000 after buying an additional 438 shares during the period. Wayfinding Financial LLC bought a new position in Graphic Packaging in the 1st quarter worth approximately $42,000. UMB Bank n.a. increased its position in Graphic Packaging by 42.3% in the 1st quarter. UMB Bank n.a. now owns 2,125 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 632 shares during the period. Finally, Summit Securities Group LLC bought a new stake in Graphic Packaging during the 1st quarter valued at $64,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GPK. Wells Fargo & Company decreased their price target on Graphic Packaging from $23.00 to $20.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 17th. Truist Financial reduced their price objective on shares of Graphic Packaging from $24.00 to $23.00 and set a “hold” rating for the company in a report on Friday, July 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Graphic Packaging in a research note on Saturday, September 27th. BNP Paribas Exane downgraded shares of Graphic Packaging from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 25th. Finally, Royal Bank Of Canada reduced their price target on shares of Graphic Packaging from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, June 18th. Four investment analysts have rated the stock with a Buy rating and six have given 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 target price of $24.38.

Insider Buying and Selling at Graphic Packaging

In related 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 transaction, the executive vice president directly owned 255,203 shares in the company, valued at $5,798,212.16. The trade was a 10.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Philip R. Martens sold 56,737 shares of the company’s stock in a transaction 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,752 shares of company stock worth $2,073,663 in the last ninety days. 1.41% of the stock is owned by corporate insiders.

Graphic Packaging Price Performance

Shares of Graphic Packaging stock opened at $19.08 on Tuesday. Graphic Packaging Holding Company has a 52 week low of $18.92 and a 52 week high of $30.70. The company has a current ratio of 1.43, a quick ratio of 0.56 and a debt-to-equity ratio of 1.68. The stock has a market cap of $5.65 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 6.58 and a beta of 0.74. The company’s 50-day moving average price is $21.28 and its two-hundred day moving average price is $22.50.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. Graphic Packaging had a net margin of 6.18% and a return on equity of 21.13%. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.13 billion. Graphic Packaging has set its FY 2025 guidance at 1.900-2.20 EPS. As a group, sell-side analysts anticipate that Graphic Packaging Holding Company will post 2.47 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Monday, September 15th will be given a $0.11 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.44 annualized dividend and a yield of 2.3%. Graphic Packaging’s payout ratio is 24.86%.

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.