Graphic Packaging Holding Company $GPK Stock Holdings Cut by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its position in Graphic Packaging Holding Company (NYSE:GPK) by 3.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,222,252 shares of the industrial products company’s stock after selling 347,788 shares during the period. Massachusetts Financial Services Co. MA owned approximately 3.79% of Graphic Packaging worth $219,619,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. American Century Companies Inc. grew its holdings in Graphic Packaging by 19.1% during the second quarter. American Century Companies Inc. now owns 22,022,347 shares of the industrial products company’s stock worth $464,011,000 after acquiring an additional 3,533,846 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Graphic Packaging by 8.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,138,977 shares of the industrial products company’s stock valued at $374,550,000 after purchasing an additional 1,502,681 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Graphic Packaging by 2.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,673,157 shares of the industrial products company’s stock worth $182,743,000 after purchasing an additional 177,990 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Graphic Packaging by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 5,670,434 shares of the industrial products company’s stock worth $119,494,000 after purchasing an additional 17,827 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Graphic Packaging by 8.1% in the 2nd quarter. Alliancebernstein L.P. now owns 4,947,158 shares of the industrial products company’s stock worth $104,237,000 after purchasing an additional 368,740 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Price Performance

GPK opened at $15.31 on Tuesday. The firm has a market capitalization of $4.52 billion, a P/E ratio of 9.00 and a beta of 0.64. The stock has a fifty day moving average of $15.54 and a 200-day moving average of $18.69. The company has a quick ratio of 0.63, a current ratio of 1.54 and a debt-to-equity ratio of 1.67. Graphic Packaging Holding Company has a 12-month low of $13.93 and a 12-month high of $28.62.

Graphic Packaging (NYSE:GPK) last issued its quarterly 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. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.17 billion. Graphic Packaging had a return on equity of 19.98% and a net margin of 5.94%.Graphic Packaging has set its FY 2025 guidance at 1.800-2.000 EPS. Equities analysts forecast that Graphic Packaging Holding Company will post 2.47 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Monday, December 15th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, December 15th. Graphic Packaging’s dividend payout ratio is 25.88%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GPK shares. Zacks Research cut shares of Graphic Packaging from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 14th. Raymond James Financial lowered Graphic Packaging from an “outperform” rating to a “market perform” rating in a research note on Friday, October 17th. Robert W. Baird restated a “neutral” rating and issued a $18.00 target price on shares of Graphic Packaging in a report on Wednesday, January 7th. Bank of America reaffirmed a “neutral” rating and set a $24.00 target price on shares of Graphic Packaging in a report on Thursday, October 9th. Finally, Citigroup decreased their price target on Graphic Packaging from $19.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, January 6th. Nine research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $18.38.

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.