Bank of America Corp DE Takes $45.27 Million Position in Graphic Packaging Holding Company $GPK

Bank of America Corp DE bought a new stake in Graphic Packaging Holding Company (NYSE:GPK - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,282,511 shares of the industrial products company's stock, valued at approximately $45,266,000. Bank of America Corp DE owned 1.45% of Graphic Packaging as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GPK. BlackRock Inc. acquired a new stake in Graphic Packaging in the 2nd quarter valued at $440,345,000. Manning & Napier Advisors LLC raised its stake in Graphic Packaging by 6,288.6% during the first quarter. Manning & Napier Advisors LLC now owns 8,481,670 shares of the industrial products company's stock worth $84,308,000 after acquiring an additional 8,348,907 shares in the last quarter. Eminence Capital LP raised its stake in Graphic Packaging by 67.5% during the fourth quarter. Eminence Capital LP now owns 12,811,941 shares of the industrial products company's stock worth $192,948,000 after acquiring an additional 5,163,806 shares in the last quarter. Norges Bank bought a new position in shares of Graphic Packaging during the fourth quarter valued at $54,031,000. Finally, Milford Funds Ltd. acquired a new stake in shares of Graphic Packaging in the 4th quarter valued at $43,374,000. Institutional investors and hedge funds own 99.67% of the company's stock.

Graphic Packaging Stock Down 0.4%

NYSE GPK opened at $9.27 on Tuesday. The stock has a market capitalization of $2.74 billion, a P/E ratio of 14.05 and a beta of 0.65. Graphic Packaging Holding Company has a 52 week low of $8.78 and a 52 week high of $19.80. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.60 and a current ratio of 1.38. The stock has a fifty day moving average of $10.92 and a 200-day moving average of $10.43.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.18 billion. Graphic Packaging had a return on equity of 9.95% and a net margin of 2.25%.The company's quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.42 EPS. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. On average, equities research analysts forecast that Graphic Packaging Holding Company will post 0.72 EPS for the current year.

Graphic Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Tuesday, September 15th. Graphic Packaging's dividend payout ratio is currently 66.67%.

Analysts Set New Price Targets

GPK has been the topic of several analyst reports. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Graphic Packaging in a report on Wednesday, June 24th. Wells Fargo & Company boosted their price target on shares of Graphic Packaging from $9.00 to $10.00 and gave the company an "underweight" rating in a research report on Wednesday, August 5th. Zacks Research raised shares of Graphic Packaging from a "strong sell" rating to a "hold" rating in a research note on Monday, June 1st. UBS Group raised their price objective on shares of Graphic Packaging from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th. Finally, Bank of America cut their target price on shares of Graphic Packaging from $14.00 to $13.00 and set a "neutral" rating for the company in a research note on Friday, September 11th. Nine equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Graphic Packaging presently has a consensus rating of "Reduce" and an average price target of $11.26.

About Graphic Packaging

Graphic Packaging Holding Company, operating through Graphic Packaging International, develops and manufactures fiber-based packaging solutions for consumer packaged goods companies. Its products are used primarily in the food, beverage and household products industries, where packaging is designed to protect products, support branding and improve convenience.

The company's offerings include folding cartons, paperboard packaging, coated recycled board, paper cups and other foodservice packaging products.

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