Exchange Traded Concepts LLC Buys 34,854 Shares of Graphic Packaging Holding Company $GPK

Exchange Traded Concepts LLC grew its stake in shares of Graphic Packaging Holding Company (NYSE:GPK) by 1,288.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,560 shares of the industrial products company’s stock after acquiring an additional 34,854 shares during the period. Exchange Traded Concepts LLC’s holdings in Graphic Packaging were worth $735,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in Graphic Packaging by 19.1% during the 2nd quarter. American Century Companies Inc. now owns 22,022,347 shares of the industrial products company’s stock worth $464,011,000 after purchasing an additional 3,533,846 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Graphic Packaging by 7.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 17,636,296 shares of the industrial products company’s stock worth $385,353,000 after buying an additional 1,264,922 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Graphic Packaging by 11.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 11,570,040 shares of the industrial products company’s stock worth $243,781,000 after buying an additional 1,218,848 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Graphic Packaging by 2.1% in the second quarter. JPMorgan Chase & Co. now owns 8,673,157 shares of the industrial products company’s stock valued at $182,743,000 after acquiring an additional 177,990 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Graphic Packaging by 0.3% in the second quarter. Geode Capital Management LLC now owns 5,670,434 shares of the industrial products company’s stock valued at $119,494,000 after acquiring an additional 17,827 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GPK shares. Raymond James Financial lowered shares of Graphic Packaging from an “outperform” rating to a “market perform” rating in a research report on Friday, October 17th. Truist Financial decreased their target price on shares of Graphic Packaging from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Wells Fargo & Company dropped their price target on shares of Graphic Packaging from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. Zacks Research upgraded Graphic Packaging from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. Finally, UBS Group reduced their price target on Graphic Packaging from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Graphic Packaging currently has an average rating of “Hold” and a consensus target price of $20.13.

Graphic Packaging Stock Performance

Shares of NYSE:GPK opened at $15.23 on Tuesday. Graphic Packaging Holding Company has a 1 year low of $13.93 and a 1 year high of $28.62. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 8.96 and a beta of 0.65. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.54 and a quick ratio of 0.63. The company’s 50 day simple moving average is $15.95 and its 200 day simple moving average is $19.32.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, November 4th. The industrial products company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Graphic Packaging had a return on equity of 19.98% and a net margin of 5.94%.The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.17 billion. Graphic Packaging has set its FY 2025 guidance at 1.800-2.000 EPS. As a group, research analysts predict that Graphic Packaging Holding Company will post 2.47 EPS for the current fiscal year.

Graphic Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Monday, December 15th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.44 annualized dividend and a yield of 2.9%. Graphic Packaging’s payout ratio is presently 25.88%.

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.