783,000 Shares in Graphic Packaging Holding Company $GPK Bought by LM Asset Management Inc.

Key Points

• LM Asset Management purchased 783,000 Graphic Packaging shares in the second quarter, giving it a 0.26% stake and making GPK 5.1% of its portfolio. Institutional investors collectively own 99.67% of the company.
• Analysts maintain a cautious outlook: nine rate GPK as Hold and three as Sell, resulting in a consensus “Reduce” rating and an average price target of $11.14.
• Graphic Packaging reported quarterly EPS of $0.14, topping estimates of $0.12, while revenue declined 0.7% year over year to $2.19 billion. The company also declared a quarterly dividend of $0.11 per share, equivalent to a 3.8% annualized yield.

LM Asset Management Inc. bought a new position in shares of Graphic Packaging Holding Company (NYSE:GPK - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 783,000 shares of the industrial products company's stock, valued at approximately $8,276,310,000. Graphic Packaging comprises 5.1% of LM Asset Management Inc.'s portfolio, making the stock its 7th largest position. LM Asset Management Inc. owned 0.26% of Graphic Packaging at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Graphic Packaging in the second quarter worth about $440,345,000. Manning & Napier Advisors LLC boosted its stake in Graphic Packaging by 6,288.6% during the 1st quarter. Manning & Napier Advisors LLC now owns 8,481,670 shares of the industrial products company's stock valued at $84,308,000 after purchasing an additional 8,348,907 shares during the period. AQR Capital Management LLC grew its holdings in Graphic Packaging by 503.6% in the 4th quarter. AQR Capital Management LLC now owns 8,693,765 shares of the industrial products company's stock valued at $130,928,000 after buying an additional 7,253,473 shares during the last quarter. Eminence Capital LP increased its position in 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 worth $192,948,000 after buying an additional 5,163,806 shares during the period. Finally, UBS Group AG increased its position in Graphic Packaging by 123.8% in the 4th quarter. UBS Group AG now owns 9,026,134 shares of the industrial products company's stock worth $135,934,000 after buying an additional 4,992,179 shares during the period. 99.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GPK shares. Weiss Ratings reissued a "sell (d+)" rating on shares of Graphic Packaging in a research report on Wednesday, June 24th. Bank of America started coverage on shares of Graphic Packaging in a research report on Tuesday, July 14th. They set a "neutral" rating and a $12.00 target price on the stock. UBS Group upped their target price on shares of Graphic Packaging from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Wells Fargo & Company increased their price target on shares of Graphic Packaging from $9.00 to $10.00 and gave the company an "underweight" rating in a report on Wednesday, August 5th. Finally, Zacks Research upgraded shares of Graphic Packaging from a "strong sell" rating to a "hold" rating in a research report on Monday, June 1st. Nine analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $11.14.

Graphic Packaging Stock Up 1.8%

Shares of GPK stock opened at $11.61 on Friday. Graphic Packaging Holding Company has a one year low of $8.78 and a one year high of $23.47. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.38 and a quick ratio of 0.60. The stock has a fifty day moving average price of $11.00 and a 200 day moving average price of $10.78. The stock has a market cap of $3.44 billion, a P/E ratio of 17.59 and a beta of 0.66.

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 the consensus estimate of $0.12 by $0.02. Graphic Packaging had a net margin of 2.25% and a return on equity of 9.95%. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the firm posted $0.42 EPS. The business's revenue for the quarter was down .7% on a year-over-year basis. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. Analysts predict that Graphic Packaging Holding Company will post 0.71 earnings per share for the current year.

Graphic Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th will be paid 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 3.8%. Graphic Packaging's payout ratio is presently 66.67%.

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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