Hunter Perkins Capital Management LLC Has $10.26 Million Stake in Graphic Packaging Holding Company $GPK

Hunter Perkins Capital Management LLC boosted its holdings in Graphic Packaging Holding Company (NYSE:GPK) by 16.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 484,295 shares of the industrial products company’s stock after acquiring an additional 68,090 shares during the quarter. Graphic Packaging makes up approximately 2.4% of Hunter Perkins Capital Management LLC’s holdings, making the stock its 12th biggest holding. Hunter Perkins Capital Management LLC’s holdings in Graphic Packaging were worth $10,257,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GPK. GAMMA Investing LLC boosted its stake in shares of Graphic Packaging by 54.7% during the second quarter. GAMMA Investing LLC now owns 5,841 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 2,065 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Graphic Packaging by 75.3% during the first quarter. Teacher Retirement System of Texas now owns 50,534 shares of the industrial products company’s stock valued at $1,312,000 after acquiring an additional 21,708 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Graphic Packaging by 3.1% during the first quarter. New York State Teachers Retirement System now owns 221,927 shares of the industrial products company’s stock worth $5,761,000 after purchasing an additional 6,623 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Graphic Packaging by 21.6% in the second quarter. Harbor Capital Advisors Inc. now owns 434,871 shares of the industrial products company’s stock worth $9,163,000 after purchasing an additional 77,162 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in Graphic Packaging by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 35,155 shares of the industrial products company’s stock valued at $912,000 after purchasing an additional 935 shares during the period. Institutional investors own 99.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. BNP Paribas Exane downgraded shares of Graphic Packaging from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 25th. Bank of America cut their price target on shares of Graphic Packaging from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, July 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Graphic Packaging in a research report on Saturday, September 27th. Wells Fargo & Company dropped their price objective on 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. Finally, Truist Financial decreased their target price on Graphic Packaging from $24.00 to $23.00 and set a “hold” rating for the company in a research note on Friday, July 11th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.00.

Graphic Packaging Price Performance

NYSE:GPK opened at $19.36 on Monday. The stock has a fifty day moving average of $21.36 and a 200 day moving average of $22.55. Graphic Packaging Holding Company has a 52-week low of $19.05 and a 52-week high of $30.70. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 6.58 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.

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

Graphic Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Monday, September 15th will be given a dividend of $0.11 per share. The ex-dividend date is Monday, September 15th. This represents a $0.44 dividend on an annualized basis and a yield of 2.3%. Graphic Packaging’s dividend payout ratio is 24.86%.

Insiders Place Their Bets

In other news, Director Philip R. Martens sold 7,015 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $21.80, for a total transaction of $152,927.00. Following the completion of the sale, the director owned 26,811 shares of the company’s stock, valued at $584,479.80. The trade was a 20.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joseph P. Yost sold 30,000 shares of the stock in a transaction 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 directly owned 255,203 shares of the company’s stock, valued at approximately $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. In the last quarter, insiders have sold 93,752 shares of company stock valued at $2,073,663. 1.41% of the stock is owned by company insiders.

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.