676,077 Shares in Graphic Packaging Holding Company $GPK Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management acquired 676,077 shares of Graphic Packaging, worth approximately $7.15 million and representing 0.23% of the company. Institutional investors and hedge funds collectively own 99.67% of GPK.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating from 12 analysts and an average price target of $11.14. GPK shares recently opened at $11.96.
• Graphic Packaging exceeded quarterly EPS expectations, reporting $0.14 versus the $0.12 estimate, while revenue reached $2.19 billion. The company also declared a quarterly dividend of $0.11 per share, implying a 3.7% annualized yield.

Assenagon Asset Management S.A. purchased a new position in shares of Graphic Packaging Holding Company (NYSE:GPK - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 676,077 shares of the industrial products company's stock, valued at approximately $7,146,000. Assenagon Asset Management S.A. owned 0.23% of Graphic Packaging as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Eminence Capital LP increased its holdings in shares of Graphic Packaging by 67.5% in the 4th quarter. Eminence Capital LP now owns 12,811,941 shares of the industrial products company's stock valued at $192,948,000 after acquiring an additional 5,163,806 shares during the period. Dimensional Fund Advisors LP grew its position in Graphic Packaging by 18.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,728,031 shares of the industrial products company's stock worth $176,626,000 after purchasing an additional 1,824,110 shares during the last quarter. State Street Corp grew its position in Graphic Packaging by 0.8% during the 4th quarter. State Street Corp now owns 9,877,303 shares of the industrial products company's stock worth $149,808,000 after purchasing an additional 81,300 shares during the last quarter. UBS Group AG increased its stake in Graphic Packaging by 123.8% in the fourth quarter. UBS Group AG now owns 9,026,134 shares of the industrial products company's stock valued at $135,934,000 after purchasing an additional 4,992,179 shares during the period. Finally, AQR Capital Management LLC increased its stake in Graphic Packaging by 503.6% in the fourth quarter. AQR Capital Management LLC now owns 8,693,765 shares of the industrial products company's stock valued at $130,928,000 after purchasing an additional 7,253,473 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Truist Financial decreased their target price on shares of Graphic Packaging from $14.00 to $11.00 and set a "hold" rating for the company in a research note on Wednesday, April 15th. JPMorgan Chase & Co. initiated coverage on Graphic Packaging in a research report on Monday, June 29th. They issued a "neutral" rating and a $11.70 price target on the stock. Robert W. Baird set a $13.00 price objective on Graphic Packaging in a research note on Wednesday, May 6th. Bank of America began coverage on shares of Graphic Packaging in a research note on Tuesday, July 14th. They issued a "neutral" rating and a $12.00 price objective on the stock. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Graphic Packaging in a report on Wednesday, June 24th. Nine analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $11.14.

Graphic Packaging Price Performance

Shares of NYSE GPK opened at $11.96 on Wednesday. The firm has a market capitalization of $3.54 billion, a P/E ratio of 18.12 and a beta of 0.66. Graphic Packaging Holding Company has a one year low of $8.78 and a one year high of $23.47. The company's fifty day moving average is $10.88 and its two-hundred day moving average is $10.95. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.60 and a current ratio of 1.38.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. Graphic Packaging had a net margin of 2.25% and a return on equity of 9.95%. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the firm posted $0.42 EPS. The business's revenue was down .7% compared to the same quarter last year. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. Analysts forecast that Graphic Packaging Holding Company will post 0.7 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.44 dividend on an annualized basis and a yield of 3.7%. Graphic Packaging's dividend payout ratio (DPR) is 66.67%.

Graphic Packaging Company Profile

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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