Graphic Packaging Holding Company $GPK Shares Bought by Vident Advisory LLC

Vident Advisory LLC grew its holdings in Graphic Packaging Holding Company (NYSE:GPK) by 19.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,921 shares of the industrial products company’s stock after buying an additional 1,956 shares during the quarter. Vident Advisory LLC’s holdings in Graphic Packaging were worth $309,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Concurrent Investment Advisors LLC lifted its holdings in shares of Graphic Packaging by 3.6% in the 1st quarter. Concurrent Investment Advisors LLC now owns 11,535 shares of the industrial products company’s stock valued at $299,000 after buying an additional 402 shares during the period. Brooklyn Investment Group lifted its holdings in shares of Graphic Packaging by 69.9% in the 1st quarter. Brooklyn Investment Group now owns 1,065 shares of the industrial products company’s stock valued at $28,000 after buying an additional 438 shares during the period. Elevation Point Wealth Partners LLC lifted its holdings in shares of Graphic Packaging by 4.1% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 11,770 shares of the industrial products company’s stock valued at $306,000 after buying an additional 465 shares during the period. Merit Financial Group LLC lifted its holdings in shares of Graphic Packaging by 6.4% in the 1st quarter. Merit Financial Group LLC now owns 8,480 shares of the industrial products company’s stock valued at $220,000 after buying an additional 512 shares during the period. Finally, NorthRock Partners LLC lifted its holdings in shares of Graphic Packaging by 1.9% in the 1st quarter. NorthRock Partners LLC now owns 30,986 shares of the industrial products company’s stock valued at $808,000 after buying an additional 563 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Joseph P. Yost sold 30,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 255,203 shares of the company’s stock, valued at $5,798,212.16. This represents a 10.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Philip R. Martens sold 7,015 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $21.80, for a total value of $152,927.00. Following the completion of the transaction, the director directly owned 26,811 shares of the company’s stock, valued at $584,479.80. This trade represents a 20.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 93,752 shares of company stock valued at $2,073,663. 1.41% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank Of Canada reduced their price objective on Graphic Packaging from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, June 18th. Wells Fargo & Company lifted their price objective on Graphic Packaging from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Truist Financial reduced their price objective on Graphic Packaging from $24.00 to $23.00 and set a “hold” rating for the company in a report on Friday, July 11th. UBS Group initiated coverage on Graphic Packaging in a report on Wednesday, June 4th. They set a “neutral” rating and a $24.00 price objective for the company. Finally, Bank of America dropped their price target on Graphic Packaging from $31.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, July 9th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.38.

Graphic Packaging Price Performance

Shares of NYSE:GPK opened at $21.05 on Tuesday. The company has a market cap of $6.24 billion, a P/E ratio of 11.89, a P/E/G ratio of 7.31 and a beta of 0.75. The company has a quick ratio of 0.56, a current ratio of 1.43 and a debt-to-equity ratio of 1.68. Graphic Packaging Holding Company has a 52 week low of $20.65 and a 52 week high of $30.70. The business has a fifty day simple moving average of $22.34 and a 200-day simple moving average of $23.44.

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

Graphic Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Monday, September 15th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, September 15th. Graphic Packaging’s payout ratio is currently 24.86%.

Graphic Packaging 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.