Graphic Packaging Holding Company $GPK Shares Acquired by Whittier Trust Co.

Whittier Trust Co. grew its stake in Graphic Packaging Holding Company (NYSE:GPKFree Report) by 43.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 526,805 shares of the industrial products company’s stock after acquiring an additional 159,246 shares during the quarter. Whittier Trust Co.’s holdings in Graphic Packaging were worth $11,094,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GPK. State of Alaska Department of Revenue increased its stake in shares of Graphic Packaging by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 35,155 shares of the industrial products company’s stock worth $912,000 after acquiring an additional 935 shares during the last quarter. XML Financial LLC increased its stake in shares of Graphic Packaging by 7.4% in the 1st quarter. XML Financial LLC now owns 23,530 shares of the industrial products company’s stock worth $611,000 after acquiring an additional 1,620 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Graphic Packaging by 1.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 61,206 shares of the industrial products company’s stock worth $1,589,000 after acquiring an additional 996 shares during the last quarter. New World Advisors LLC increased its stake in shares of Graphic Packaging by 41.7% in the 1st quarter. New World Advisors LLC now owns 17,000 shares of the industrial products company’s stock worth $441,000 after acquiring an additional 5,000 shares during the last quarter. Finally, WealthBridge Capital Management LLC increased its stake in shares of Graphic Packaging by 12.8% in the 1st quarter. WealthBridge Capital Management LLC now owns 11,338 shares of the industrial products company’s stock worth $294,000 after acquiring an additional 1,290 shares during the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Graphic Packaging Stock Performance

Shares of Graphic Packaging stock opened at $17.57 on Wednesday. The business has a 50-day moving average of $20.26 and a 200 day moving average of $21.91. Graphic Packaging Holding Company has a 12 month low of $16.94 and a 12 month high of $30.70. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of 9.93 and a beta of 0.74. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.43 and a quick ratio of 0.56.

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

Graphic Packaging Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada cut Graphic Packaging from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $25.00 to $21.00 in a report on Thursday, October 9th. Bank of America reiterated a “neutral” rating and set a $24.00 price target on shares of Graphic Packaging in a report on Thursday, October 9th. Raymond James Financial cut Graphic Packaging from an “outperform” rating to a “market perform” rating in a report on Friday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Graphic Packaging in a report on Wednesday, October 8th. Finally, UBS Group lowered their price target on Graphic Packaging from $24.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, October 6th. One investment analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Graphic Packaging has a consensus rating of “Hold” and an average target price of $23.00.

Check Out Our Latest Research Report on Graphic Packaging

Insider Transactions at Graphic Packaging

In related news, EVP Joseph P. Yost sold 30,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president directly owned 255,203 shares in the company, valued at $5,798,212.16. This trade represents a 10.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Philip R. Martens sold 56,737 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $21.84, for a total value of $1,239,136.08. Following the transaction, the director owned 33,826 shares of the company’s stock, valued at $738,759.84. This trade represents a 62.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 93,752 shares of company stock valued at $2,073,663 over the last 90 days. 1.41% of the stock is currently owned by company insiders.

Graphic Packaging Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding GPK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Graphic Packaging Holding Company (NYSE:GPKFree Report).

Institutional Ownership by Quarter for Graphic Packaging (NYSE:GPK)

Receive News & Ratings for Graphic Packaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graphic Packaging and related companies with MarketBeat.com's FREE daily email newsletter.