Graphic Packaging Holding Company $GPK Position Cut by Aberdeen Group plc

Aberdeen Group plc trimmed its holdings in Graphic Packaging Holding Company (NYSE:GPK) by 13.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 928,001 shares of the industrial products company’s stock after selling 145,879 shares during the quarter. Aberdeen Group plc’s holdings in Graphic Packaging were worth $19,553,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GPK. Caitong International Asset Management Co. Ltd bought a new position in Graphic Packaging in the 1st quarter worth approximately $28,000. Brooklyn Investment Group grew its holdings in Graphic Packaging by 69.9% in the 1st 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 in the last quarter. Wayfinding Financial LLC bought a new position in Graphic Packaging during the 1st quarter valued at $42,000. Summit Securities Group LLC bought a new position in Graphic Packaging during the 1st quarter valued at $64,000. Finally, Signaturefd LLC boosted its stake in Graphic Packaging by 554.5% during the 1st quarter. Signaturefd LLC now owns 3,639 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 3,083 shares in the last quarter. 99.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. UBS Group decreased their price target on Graphic Packaging from $24.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Royal Bank Of Canada lowered Graphic Packaging from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $25.00 to $21.00 in a research note on Thursday. Citigroup decreased their price target on Graphic Packaging from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Truist Financial decreased their price target on Graphic Packaging from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Monday. Finally, BNP Paribas Exane lowered Graphic Packaging from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 25th. Two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Graphic Packaging currently has an average rating of “Hold” and a consensus price target of $23.00.

Insiders Place Their Bets

In other news, EVP Joseph P. Yost sold 30,000 shares of the 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 completion of the sale, the executive vice president owned 255,203 shares in the company, valued at $5,798,212.16. This represents a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Philip R. Martens sold 7,015 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $21.80, for a total value of $152,927.00. Following the completion of the sale, the director owned 26,811 shares of the company’s stock, valued at $584,479.80. The trade was a 20.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 93,752 shares of company stock valued at $2,073,663 in the last 90 days. Corporate insiders own 1.41% of the company’s stock.

Graphic Packaging Price Performance

Shares of NYSE:GPK opened at $17.50 on Tuesday. Graphic Packaging Holding Company has a one year low of $17.33 and a one year high of $30.70. The stock has a fifty day moving average of $20.88 and a 200-day moving average of $22.24. The company has a market capitalization of $5.18 billion, a PE ratio of 9.89 and a beta of 0.74. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.56 and a current ratio of 1.43.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%.The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.13 billion. Graphic Packaging has set its FY 2025 guidance at 1.900-2.20 EPS. As a group, equities 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 announced a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Monday, September 15th were issued a $0.11 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.5%. Graphic Packaging’s dividend payout ratio is presently 24.86%.

Graphic Packaging Company 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.