135,692 Shares in Graphic Packaging Holding Company $GPK Acquired by Bank of Nova Scotia

Bank of Nova Scotia purchased a new position in Graphic Packaging Holding Company (NYSE:GPK) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 135,692 shares of the industrial products company’s stock, valued at approximately $1,434,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GPK. Bell Investment Advisors Inc purchased a new position in shares of Graphic Packaging during the second quarter valued at about $25,000. Quarry LP lifted its position in shares of 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 buying an additional 1,142 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Graphic Packaging by 13,971.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,970 shares of the industrial products company’s stock valued at $30,000 after buying an additional 1,956 shares during the last quarter. Physician Wealth Advisors Inc. boosted its stake in Graphic Packaging by 2,321.1% during the first quarter. Physician Wealth Advisors Inc. now owns 3,220 shares of the industrial products company’s stock valued at $32,000 after buying an additional 3,087 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Graphic Packaging by 1,075.7% during the 2nd quarter. Versant Capital Management Inc now owns 3,480 shares of the industrial products company’s stock valued at $37,000 after buying an additional 3,184 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

Graphic Packaging Stock Performance

NYSE:GPK opened at $11.44 on Thursday. The firm has a market capitalization of $3.39 billion, a PE ratio of 17.33 and a beta of 0.66. The stock’s fifty day moving average is $11.06 and its 200 day moving average is $10.72. Graphic Packaging Holding Company has a fifty-two week low of $8.78 and a fifty-two week high of $22.56. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.60 and a current ratio of 1.38.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. Graphic Packaging had a net margin of 2.25% and a return on equity of 9.95%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the firm earned $0.42 earnings per share. Graphic Packaging’s quarterly revenue was down .7% compared to the same quarter last year. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. On average, sell-side analysts anticipate that Graphic Packaging Holding Company will post 0.71 earnings per share for the current year.

Graphic Packaging Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.8%. Graphic Packaging’s payout ratio is currently 66.67%.

Analyst Upgrades and Downgrades

GPK has been the subject of several research reports. Zacks Research upgraded shares of Graphic Packaging from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Robert W. Baird set a $13.00 target price on shares of Graphic Packaging in a report on Wednesday, May 6th. UBS Group upped their target price on shares of Graphic Packaging from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Graphic Packaging in a report on Wednesday, June 24th. Finally, Citigroup lifted their price target on Graphic Packaging from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Nine equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Graphic Packaging has an average rating of “Reduce” and an average target price of $11.14.

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.