Cibc World Market Inc. Sells 82,359 Shares of Graphic Packaging Holding Company $GPK

Cibc World Market Inc. reduced its position in shares of Graphic Packaging Holding Company (NYSE:GPK) by 85.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,764 shares of the industrial products company’s stock after selling 82,359 shares during the quarter. Cibc World Market Inc.’s holdings in Graphic Packaging were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. boosted its stake in Graphic Packaging by 19.1% in the second quarter. American Century Companies Inc. now owns 22,022,347 shares of the industrial products company’s stock valued at $464,011,000 after acquiring an additional 3,533,846 shares during the last quarter. Norges Bank acquired a new position in shares of Graphic Packaging in the 2nd quarter valued at $55,632,000. Allspring Global Investments Holdings LLC boosted its position in shares of Graphic Packaging by 8.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,138,977 shares of the industrial products company’s stock worth $374,550,000 after purchasing an additional 1,502,681 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake 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 purchasing an additional 1,218,848 shares during the period. Finally, Invesco Ltd. increased its holdings in Graphic Packaging by 28.8% in the second quarter. Invesco Ltd. now owns 2,130,941 shares of the industrial products company’s stock valued at $44,899,000 after purchasing an additional 477,085 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Trading Down 1.3%

GPK opened at $12.92 on Friday. The stock has a market capitalization of $3.81 billion, a P/E ratio of 8.73 and a beta of 0.62. The company has a current ratio of 1.30, a quick ratio of 0.52 and a debt-to-equity ratio of 1.50. Graphic Packaging Holding Company has a 12 month low of $11.83 and a 12 month high of $28.19. The firm’s fifty day simple moving average is $14.63 and its 200 day simple moving average is $17.35.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.05). The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. Graphic Packaging had a net margin of 5.15% and a return on equity of 16.58%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 EPS. Graphic Packaging has set its FY 2026 guidance at 0.750-1.15 EPS. As a group, research analysts anticipate that Graphic Packaging Holding Company will post 2.47 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Monday, December 15th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, December 15th. Graphic Packaging’s dividend payout ratio (DPR) is currently 29.73%.

Wall Street Analysts Forecast Growth

GPK has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a $13.00 target price on Graphic Packaging in a report on Wednesday, February 4th. Robert W. Baird set a $15.00 price objective on shares of Graphic Packaging in a report on Wednesday, February 4th. Truist Financial set a $14.00 target price on shares of Graphic Packaging in a research note on Wednesday, February 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of Graphic Packaging in a research report on Monday, December 29th. Finally, Wells Fargo & Company lowered their price objective on shares of Graphic Packaging from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Wednesday, February 4th. Eight research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $16.63.

About Graphic Packaging

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.