Whittier Trust Co. lessened its stake in shares of Graphic Packaging Holding Company (NYSE:GPK – Free Report) by 98.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,966 shares of the industrial products company’s stock after selling 517,232 shares during the quarter. Whittier Trust Co.’s holdings in Graphic Packaging were worth $76,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of GPK. Eminence Capital LP increased its position in Graphic Packaging by 164.6% during the third quarter. Eminence Capital LP now owns 7,648,135 shares of the industrial products company’s stock valued at $149,674,000 after acquiring an additional 4,758,098 shares during the last quarter. Skylands Capital LLC raised its stake in shares of Graphic Packaging by 60.3% in the fourth quarter. Skylands Capital LLC now owns 384,900 shares of the industrial products company’s stock valued at $5,797,000 after acquiring an additional 144,850 shares during the period. Tudor Investment Corp ET AL bought a new stake in shares of Graphic Packaging in the 3rd quarter worth about $2,360,000. SG Americas Securities LLC boosted its stake in shares of Graphic Packaging by 673.5% during the 4th quarter. SG Americas Securities LLC now owns 165,245 shares of the industrial products company’s stock worth $2,489,000 after purchasing an additional 143,882 shares during the period. Finally, UBS Group AG boosted its stake in shares of Graphic Packaging by 123.8% during the 4th quarter. UBS Group AG now owns 9,026,134 shares of the industrial products company’s stock worth $135,934,000 after purchasing an additional 4,992,179 shares during the period. 99.67% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Graphic Packaging
In other Graphic Packaging news, Director Jeffrey Stafeil acquired 17,878 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was bought at an average cost of $11.19 per share, with a total value of $200,054.82. Following the completion of the purchase, the director directly owned 17,878 shares in the company, valued at $200,054.82. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.
Graphic Packaging Trading Up 0.2%
Graphic Packaging (NYSE:GPK – Get Free Report) last issued its earnings results on Tuesday, May 5th. The industrial products company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. Graphic Packaging had a return on equity of 12.62% and a net margin of 3.17%.The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the prior year, the business earned $0.51 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. Graphic Packaging has set its FY 2026 guidance at 0.750-1.150 EPS. Analysts forecast that Graphic Packaging Holding Company will post 0.78 earnings per share for the current year.
Graphic Packaging Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Monday, June 15th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Monday, June 15th. Graphic Packaging’s payout ratio is presently 47.83%.
Analysts Set New Price Targets
A number of research firms recently weighed in on GPK. Wells Fargo & Company reduced their price objective on shares of Graphic Packaging from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 14th. JPMorgan Chase & Co. initiated coverage on Graphic Packaging in a research report on Monday, June 29th. They set a “neutral” rating and a $11.70 target price for the company. Deutsche Bank Aktiengesellschaft began coverage on Graphic Packaging in a research note on Wednesday, April 1st. They set a “hold” rating and a $9.60 target price on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Graphic Packaging in a research note on Wednesday, June 24th. Finally, Zacks Research upgraded Graphic Packaging from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Nine equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $12.26.
Get Our Latest Stock Report on Graphic Packaging
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.
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