16,253 Shares in Graphic Packaging Holding Company $GPK Acquired by Arista Wealth Management LLC

Key Points

• Arista Wealth Management LLC has acquired 16,253 shares of Graphic Packaging Holding Company, valued at approximately $342,000, indicating growing interest from institutional investors in the company.
• Graphic Packaging reported $0.42 earnings per share (EPS) in its latest quarter, surpassing estimates, with revenue also exceeding expectations at $2.20 billion.
• The company announced a quarterly dividend of $0.11 per share, representing an annualized yield of 2.6%, and a payout ratio currently at 24.86%.

Arista Wealth Management LLC purchased a new stake in Graphic Packaging Holding Company (NYSE:GPK - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,253 shares of the industrial products company's stock, valued at approximately $342,000.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Graphic Packaging by 54.7% in the second quarter. GAMMA Investing LLC now owns 5,841 shares of the industrial products company's stock valued at $123,000 after buying an additional 2,065 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Graphic Packaging by 75.3% during the 1st quarter. Teacher Retirement System of Texas now owns 50,534 shares of the industrial products company's stock valued at $1,312,000 after purchasing an additional 21,708 shares during the period. New York State Teachers Retirement System raised its stake in Graphic Packaging by 3.1% during the 1st quarter. New York State Teachers Retirement System now owns 221,927 shares of the industrial products company's stock valued at $5,761,000 after purchasing an additional 6,623 shares during the period. Advocate Group LLC raised its stake in Graphic Packaging by 16.2% during the 2nd quarter. Advocate Group LLC now owns 290,184 shares of the industrial products company's stock valued at $6,114,000 after purchasing an additional 40,466 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in Graphic Packaging by 21.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 434,871 shares of the industrial products company's stock valued at $9,163,000 after purchasing an additional 77,162 shares during the period. Institutional investors own 99.67% of the company's stock.

Graphic Packaging Trading Down 0.2%

Shares of NYSE:GPK opened at $17.16 on Friday. The stock has a market capitalization of $5.08 billion, a PE ratio of 9.69 and a beta of 0.74. Graphic Packaging Holding Company has a 1 year low of $16.94 and a 1 year high of $30.70. The firm has a fifty day moving average price of $20.47 and a 200 day moving average price of $22.05. 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 - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. The firm had revenue of $2.20 billion during 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. Analysts expect that Graphic Packaging Holding Company will post 2.47 EPS for the current fiscal year.

Graphic Packaging Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Monday, September 15th were issued a $0.11 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.44 dividend on an annualized basis and a yield of 2.6%. Graphic Packaging's dividend payout ratio is currently 24.86%.

Insiders Place Their Bets

In related news, Director Philip R. Martens sold 7,015 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $21.80, for a total value of $152,927.00. Following the completion of the sale, the director directly owned 26,811 shares in the company, valued at approximately $584,479.80. This represents a 20.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 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 sold 93,752 shares of company stock valued at $2,073,663 over the last quarter. 1.41% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on GPK. Wells Fargo & Company cut their target price on shares of 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. Bank of America reissued a "neutral" rating and set a $24.00 target price on shares of Graphic Packaging in a research note on Thursday, October 9th. Weiss Ratings reissued a "hold (c-)" rating on shares of Graphic Packaging in a research note on Wednesday, October 8th. Truist Financial cut their target price on shares of Graphic Packaging from $23.00 to $20.00 and set a "hold" rating on the stock in a research note on Monday, October 13th. Finally, UBS Group dropped their price target on shares of Graphic Packaging from $24.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Graphic Packaging currently has a consensus rating of "Hold" and an average target price of $23.00.

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.

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