Hennessy Advisors Inc. Has $32.87 Million Stake in Graphic Packaging Holding Company $GPK

Hennessy Advisors Inc. decreased its position in shares of Graphic Packaging Holding Company (NYSE:GPK) by 9.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,559,900 shares of the industrial products company’s stock after selling 172,200 shares during the period. Graphic Packaging accounts for 1.1% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 21st biggest holding. Hennessy Advisors Inc.’s holdings in Graphic Packaging were worth $32,867,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GPK. Victory Capital Management Inc. lifted its position in Graphic Packaging by 1,004.9% during the 1st quarter. Victory Capital Management Inc. now owns 9,240,697 shares of the industrial products company’s stock worth $239,888,000 after acquiring an additional 8,404,340 shares during the last quarter. American Century Companies Inc. lifted its position in Graphic Packaging by 11.7% during the 1st quarter. American Century Companies Inc. now owns 18,488,501 shares of the industrial products company’s stock worth $479,962,000 after acquiring an additional 1,932,841 shares during the last quarter. Epoch Investment Partners Inc. lifted its position in Graphic Packaging by 11,000.0% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,299,806 shares of the industrial products company’s stock worth $33,743,000 after acquiring an additional 1,288,096 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Graphic Packaging by 14.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,890,782 shares of the industrial products company’s stock worth $204,844,000 after purchasing an additional 1,018,017 shares during the period. Finally, Swedbank AB bought a new position in shares of Graphic Packaging during the 1st quarter worth about $25,960,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Stock Performance

NYSE GPK opened at $19.36 on Friday. The stock has a market cap of $5.73 billion, a P/E ratio of 10.94, a PEG ratio of 6.61 and a beta of 0.74. The company’s 50-day simple moving average is $21.36 and its 200 day simple moving average is $22.59. Graphic Packaging Holding Company has a twelve month low of $19.05 and a twelve month high of $30.70. 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 (NYSE:GPK) last posted its 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. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Graphic Packaging had a net margin of 6.18% and a return on equity of 21.13%. Graphic Packaging has set its FY 2025 guidance at 1.900-2.20 EPS. As a group, research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, September 15th. Graphic Packaging’s dividend payout ratio is currently 24.86%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GPK shares. Weiss Ratings restated a “hold (c-)” rating on shares of Graphic Packaging in a report on Saturday, September 27th. Truist Financial dropped their price objective on shares of Graphic Packaging from $24.00 to $23.00 and set a “hold” rating on the stock in a report on Friday, July 11th. BNP Paribas Exane downgraded shares of Graphic Packaging from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 25th. Royal Bank Of Canada dropped their price objective on shares of Graphic Packaging from $26.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, June 18th. Finally, Bank of America dropped their price objective on shares of Graphic Packaging from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, July 9th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Graphic Packaging currently has a consensus rating of “Hold” and an average target price of $26.00.

Insider Activity

In other Graphic Packaging news, EVP Joseph P. Yost sold 30,000 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $22.72, for a total transaction of $681,600.00. Following the sale, the executive vice president directly owned 255,203 shares of the company’s stock, valued at approximately $5,798,212.16. This represents a 10.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Philip R. Martens sold 7,015 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $21.80, for a total transaction of $152,927.00. Following the sale, the director directly owned 26,811 shares in the company, valued at $584,479.80. This represents a 20.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,752 shares of company stock worth $2,073,663 over the last ninety days. Insiders own 1.41% of the company’s stock.

Graphic Packaging Company 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.