A. D. Beadell Investment Counsel Inc. Purchases 18,025 Shares of Graphic Packaging Holding Company $GPK

Key Points

• A. D. Beadell Investment Counsel Inc. increased its stake in Graphic Packaging Holding Company by 103.3%, purchasing an additional 18,025 shares to bring its total holdings to 35,475 shares valued at approximately $747,000.
• The company has recently announced a quarterly dividend of $0.11 per share, which will be paid on October 8th, reflecting an annualized dividend yield of 2.3%.
• Graphic Packaging's last earnings report exceeded expectations with an earnings per share of $0.42, compared to the forecast of $0.40, while the company projects a FY 2025 guidance of 1.900-2.20 EPS.

A. D. Beadell Investment Counsel Inc. raised its holdings in shares of Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 103.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,475 shares of the industrial products company's stock after buying an additional 18,025 shares during the period. A. D. Beadell Investment Counsel Inc.'s holdings in Graphic Packaging were worth $747,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its position in Graphic Packaging by 75.3% during the first quarter. Teacher Retirement System of Texas now owns 50,534 shares of the industrial products company's stock valued at $1,312,000 after buying an additional 21,708 shares during the period. New York State Teachers Retirement System boosted its position in Graphic Packaging by 3.1% during the first 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 buying an additional 6,623 shares during the period. Harbor Capital Advisors Inc. boosted its position in Graphic Packaging by 21.6% during the second quarter. Harbor Capital Advisors Inc. now owns 434,871 shares of the industrial products company's stock valued at $9,163,000 after buying an additional 77,162 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Graphic Packaging by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 35,155 shares of the industrial products company's stock worth $912,000 after purchasing an additional 935 shares during the period. Finally, Swedbank AB purchased a new stake in shares of Graphic Packaging during the first quarter worth about $25,960,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Graphic Packaging news, Director Philip R. Martens sold 56,737 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $21.84, for a total transaction of $1,239,136.08. Following the completion of the transaction, the director owned 33,826 shares of the company's stock, valued at approximately $738,759.84. This trade represents a 62.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph P. Yost sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $22.72, for a total transaction of $681,600.00. Following the transaction, the executive vice president directly owned 255,203 shares of the company's stock, valued at $5,798,212.16. This represents a 10.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,752 shares of company stock valued at $2,073,663 in the last ninety days. Insiders own 1.41% of the company's stock.

Graphic Packaging Price Performance

Shares of NYSE GPK opened at $19.20 on Friday. Graphic Packaging Holding Company has a fifty-two week low of $19.06 and a fifty-two week high of $30.70. The company has a 50 day simple moving average of $21.79 and a two-hundred day simple moving average of $22.88. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 10.85, a P/E/G ratio of 6.56 and a beta of 0.75. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.56 and a current ratio of 1.43.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its earnings results on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. Graphic Packaging had a net margin of 6.18% and a return on equity of 21.13%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.13 billion. 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 announced a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.3%. Graphic Packaging's dividend payout ratio (DPR) is currently 24.86%.

Wall Street Analyst Weigh In

GPK has been the subject of a number of analyst reports. Truist Financial dropped their target price on shares of Graphic Packaging from $24.00 to $23.00 and set a "hold" rating for the company in a report on Friday, July 11th. BNP Paribas Exane lowered shares of Graphic Packaging from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Bank of America dropped their target price on shares of Graphic Packaging from $31.00 to $28.00 and set a "buy" rating for the company in a report on Wednesday, July 9th. UBS Group initiated coverage on shares of Graphic Packaging in a report on Wednesday, June 4th. They set a "neutral" rating and a $24.00 target price for the company. Finally, Wells Fargo & Company dropped their target price on shares of Graphic Packaging from $23.00 to $20.00 and set an "equal weight" rating for the company in a report on Wednesday, September 17th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Graphic Packaging has a consensus rating of "Hold" and an average price target of $26.00.

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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