Oak Thistle LLC Takes $1.16 Million Position in Graphic Packaging Holding Company $GPK

Oak Thistle LLC purchased a new stake in shares of Graphic Packaging Holding Company (NYSE:GPK) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 76,945 shares of the industrial products company’s stock, valued at approximately $1,159,000.

Other hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC lifted its holdings in Graphic Packaging by 3.0% in the second quarter. NewEdge Advisors LLC now owns 18,379 shares of the industrial products company’s stock valued at $387,000 after acquiring an additional 539 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Graphic Packaging by 0.9% in the second quarter. Thrivent Financial for Lutherans now owns 71,049 shares of the industrial products company’s stock valued at $1,497,000 after acquiring an additional 660 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in Graphic Packaging by 1.1% in the third quarter. Oppenheimer & Co. Inc. now owns 65,067 shares of the industrial products company’s stock valued at $1,273,000 after acquiring an additional 711 shares during the period. Hsbc Holdings PLC lifted its holdings in Graphic Packaging by 5.4% in the second quarter. Hsbc Holdings PLC now owns 15,485 shares of the industrial products company’s stock valued at $326,000 after acquiring an additional 791 shares during the period. Finally, Quantum Portfolio Management LLC lifted its holdings in Graphic Packaging by 5.4% in the third quarter. Quantum Portfolio Management LLC now owns 15,611 shares of the industrial products company’s stock valued at $306,000 after acquiring an additional 800 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on GPK shares. Wells Fargo & Company lowered their target price on Graphic Packaging from $11.00 to $9.00 and set an “underweight” rating on the stock in a report on Friday, March 20th. Zacks Research downgraded Graphic Packaging from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 14th. Truist Financial set a $14.00 target price on Graphic Packaging in a report on Wednesday, February 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of Graphic Packaging in a report on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Graphic Packaging in a report on Wednesday, April 1st. They issued a “hold” rating and a $9.60 target price on the stock. Nine equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $15.29.

Graphic Packaging Stock Performance

Shares of GPK opened at $9.65 on Friday. The company has a quick ratio of 0.52, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The business has a 50-day simple moving average of $11.15 and a two-hundred day simple moving average of $14.56. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 6.52 and a beta of 0.69. Graphic Packaging Holding Company has a 52 week low of $8.78 and a 52 week high of $25.81.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings results on Monday, March 2nd. The industrial products company reported $0.24 EPS for the quarter. The business had revenue of $2.10 billion during the quarter. Graphic Packaging had a return on equity of 16.58% and a net margin of 5.15%. On average, analysts expect that Graphic Packaging Holding Company will post 2.47 EPS for the current year.

Graphic Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Sunday, March 15th were given a dividend of $0.11 per share. The ex-dividend date was Friday, March 13th. This represents a $0.44 annualized dividend and a dividend yield of 4.6%. Graphic Packaging’s dividend payout ratio (DPR) is currently 29.73%.

Insider Activity

In other Graphic Packaging news, CEO Robbert Rietbroek bought 44,278 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was purchased at an average price of $11.32 per share, for a total transaction of $501,226.96. Following the completion of the transaction, the chief executive officer owned 44,278 shares of the company’s stock, valued at $501,226.96. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.41% of the company’s stock.

Graphic Packaging Company 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.