Allspring Global Investments Holdings LLC Purchases 1,264,922 Shares of Graphic Packaging Holding Company $GPK

Key Points

• Allspring Global Investments Holdings LLC increased its stake in Graphic Packaging Holding Company by 7.7%, acquiring an additional 1,264,922 shares, bringing its total ownership to 17,636,296 shares valued at approximately $385 million.
• Several large investors have also engaged with Graphic Packaging, with 99.67% of the stock currently owned by institutional investors, reflecting growing interest in the company.
• Graphic Packaging's stock has been downgraded by multiple analysts recently, with an average price target now set at $23.38, indicating a cautious outlook for its near-term performance.

Allspring Global Investments Holdings LLC raised its position in Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 7.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,636,296 shares of the industrial products company's stock after purchasing an additional 1,264,922 shares during the quarter. Graphic Packaging accounts for about 0.6% of Allspring Global Investments Holdings LLC's holdings, making the stock its 19th biggest holding. Allspring Global Investments Holdings LLC owned about 5.84% of Graphic Packaging worth $385,353,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GPK. Caitong International Asset Management Co. Ltd bought a new position in Graphic Packaging in the first quarter valued at about $28,000. Brooklyn Investment Group raised its position in Graphic Packaging by 69.9% in the first quarter. Brooklyn Investment Group now owns 1,065 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 438 shares during the last quarter. Wayfinding Financial LLC bought a new position in shares of Graphic Packaging during the first quarter worth about $42,000. LRI Investments LLC raised its position in shares of Graphic Packaging by 48.3% during the second quarter. LRI Investments LLC now owns 2,073 shares of the industrial products company's stock worth $44,000 after acquiring an additional 675 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of Graphic Packaging by 42.3% during the first quarter. UMB Bank n.a. now owns 2,125 shares of the industrial products company's stock worth $55,000 after acquiring an additional 632 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GPK has been the subject of a number of analyst reports. BNP Paribas Exane downgraded Graphic Packaging from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Bank of America restated a "neutral" rating and set a $24.00 price objective on shares of Graphic Packaging in a research report on Thursday. Truist Financial lowered their price objective on Graphic Packaging from $24.00 to $23.00 and set a "hold" rating for the company in a research report on Friday, July 11th. Citigroup lowered their price objective on Graphic Packaging from $23.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. Finally, Wells Fargo & Company lowered their price objective on Graphic Packaging from $23.00 to $20.00 and set an "equal weight" rating for the company in a research report on Wednesday, September 17th. Two research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, Graphic Packaging presently has an average rating of "Hold" and a consensus price target of $23.38.

Graphic Packaging Trading Down 3.4%

Shares of Graphic Packaging stock opened at $17.51 on Monday. 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 Holding Company has a 52 week low of $17.48 and a 52 week high of $30.70. The stock has a 50 day moving average price of $20.97 and a two-hundred day moving average price of $22.30. The stock has a market capitalization of $5.19 billion, a PE ratio of 9.89 and a beta of 0.74.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%.The firm had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.13 billion. Graphic Packaging has set its FY 2025 guidance at 1.900-2.20 EPS. As a group, equities analysts anticipate that Graphic Packaging Holding Company will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Monday, September 15th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, September 15th. Graphic Packaging's dividend payout ratio (DPR) is currently 24.86%.

Insider Buying and Selling

In other news, Director Philip R. Martens sold 56,737 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $21.84, for a total value of $1,239,136.08. Following the transaction, the director owned 33,826 shares in the company, valued at $738,759.84. This trade represents a 62.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $681,600.00. Following the completion of the transaction, the executive vice president owned 255,203 shares in the company, 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 sold 93,752 shares of company stock worth $2,073,663 in the last 90 days. Corporate insiders own 1.41% of the company's stock.

Graphic Packaging Company Profile

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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