Graphic Packaging Holding Company $GPK Shares Sold by Aberdeen Group plc

Aberdeen Group plc lowered its position in Graphic Packaging Holding Company (NYSE:GPK) by 13.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 928,001 shares of the industrial products company’s stock after selling 145,879 shares during the quarter. Aberdeen Group plc owned 0.31% of Graphic Packaging worth $19,553,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GPK. Elevation Point Wealth Partners LLC boosted its holdings in Graphic Packaging by 4.1% in the first quarter. Elevation Point Wealth Partners LLC now owns 11,770 shares of the industrial products company’s stock valued at $306,000 after acquiring an additional 465 shares during the last quarter. State of Alaska Department of Revenue boosted 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 acquiring an additional 935 shares during the last quarter. Advisor Resource Council acquired a new position in Graphic Packaging in the first quarter valued at $1,168,000. Advocate Group LLC boosted its holdings in Graphic Packaging by 10.3% in the first quarter. Advocate Group LLC now owns 249,718 shares of the industrial products company’s stock valued at $6,483,000 after acquiring an additional 23,319 shares during the last quarter. Finally, Aspire Private Capital LLC raised its position in Graphic Packaging by 10.5% in the first quarter. Aspire Private Capital LLC now owns 28,093 shares of the industrial products company’s stock valued at $729,000 after purchasing an additional 2,665 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.

Insider Activity at Graphic Packaging

In other news, Director Philip R. Martens sold 56,737 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $21.84, for a total transaction of $1,239,136.08. Following the completion of the transaction, the director directly owned 33,826 shares of the company’s stock, valued at approximately $738,759.84. This represents a 62.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph P. Yost sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $22.72, for a total value of $681,600.00. Following the transaction, the executive vice president directly owned 255,203 shares of the company’s stock, valued at $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. Insiders have sold 93,752 shares of company stock valued at $2,073,663 over the last ninety days. Corporate insiders own 1.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on GPK. Citigroup cut their price objective on Graphic Packaging from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Graphic Packaging in a research report on Wednesday, October 8th. BNP Paribas Exane lowered Graphic Packaging from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 25th. Truist Financial lowered their price objective on Graphic Packaging from $23.00 to $20.00 and set a “hold” rating for the company in a report on Monday. Finally, Wells Fargo & Company decreased their target price on Graphic Packaging from $23.00 to $20.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 17th. Two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $23.00.

Graphic Packaging Stock Down 0.1%

NYSE:GPK opened at $17.50 on Tuesday. The firm has a market capitalization of $5.18 billion, a PE ratio of 9.89 and a beta of 0.74. The stock has a 50 day moving average of $20.88 and a 200-day moving average of $22.24. Graphic Packaging Holding Company has a 52 week low of $17.33 and a 52 week high of $30.70. The company has a current ratio of 1.43, a quick ratio of 0.56 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 EPS 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 analyst estimates 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. Analysts predict that Graphic Packaging Holding Company will post 2.47 EPS for the current year.

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Monday, September 15th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.44 annualized dividend and a dividend yield of 2.5%. Graphic Packaging’s dividend payout ratio is 24.86%.

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.