Public Employees Retirement System of Ohio Sells 7,521 Shares of Graphic Packaging Holding Company $GPK

Public Employees Retirement System of Ohio reduced its position in Graphic Packaging Holding Company (NYSE:GPK) by 7.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,455 shares of the industrial products company’s stock after selling 7,521 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Graphic Packaging were worth $1,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. tru Independence LLC raised its stake in Graphic Packaging by 39.1% during the second quarter. tru Independence LLC now owns 232,979 shares of the industrial products company’s stock valued at $4,909,000 after purchasing an additional 65,530 shares in the last quarter. Fifth Third Bancorp raised its stake in Graphic Packaging by 46.5% during the second quarter. Fifth Third Bancorp now owns 6,556 shares of the industrial products company’s stock valued at $138,000 after purchasing an additional 2,080 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Graphic Packaging by 54.7% in the second quarter. GAMMA Investing LLC now owns 5,841 shares of the industrial products company’s stock valued at $123,000 after acquiring an additional 2,065 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Graphic Packaging by 16.8% in the second quarter. Farther Finance Advisors LLC now owns 17,662 shares of the industrial products company’s stock valued at $372,000 after acquiring an additional 2,538 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Graphic Packaging by 21.4% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 107,900 shares of the industrial products company’s stock valued at $2,281,000 after acquiring an additional 19,000 shares during the period. 99.67% of the stock is currently owned by institutional investors.

Graphic Packaging Stock Down 0.5%

NYSE:GPK opened at $19.36 on Friday. Graphic Packaging Holding Company has a fifty-two week low of $19.05 and a fifty-two week high of $30.70. The stock has a market capitalization of $5.73 billion, a P/E ratio of 10.94, a P/E/G ratio of 6.61 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. The company’s 50-day simple moving average is $21.36 and its 200-day simple moving average is $22.59.

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

Graphic Packaging Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Monday, September 15th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Monday, September 15th. Graphic Packaging’s dividend payout ratio (DPR) is currently 24.86%.

Insider Transactions at Graphic Packaging

In related news, Director Philip R. Martens sold 7,015 shares of Graphic Packaging stock in a transaction that occurred 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 directly owned 26,811 shares in the company, valued at $584,479.80. This trade represents a 20.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph P. Yost sold 30,000 shares of Graphic Packaging stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $22.72, for a total transaction of $681,600.00. Following the completion of the sale, the executive vice president owned 255,203 shares of the company’s stock, valued at $5,798,212.16. This trade represents a 10.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,752 shares of company stock worth $2,073,663 over the last 90 days. Company insiders own 1.41% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GPK shares. Royal Bank Of Canada reduced their target price on shares of Graphic Packaging from $26.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 18th. Truist Financial reduced their target price on shares of Graphic Packaging from $24.00 to $23.00 and set a “hold” rating on the stock in a research note 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 note on Wednesday, June 25th. Finally, Wells Fargo & Company reduced their price target on shares of Graphic Packaging from $23.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 17th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.00.

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.