Bank of New York Mellon Corp Purchases Shares of 1,945,623 Graphic Packaging Holding Company $GPK

Key Points

• Bank of New York Mellon purchased 1,945,623 Graphic Packaging shares worth approximately $20.6 million, giving it a 0.66% stake. Institutional investors collectively own 99.67% of GPK.
• Analysts remain cautious, with a consensus rating of “Reduce” and an average price target of $11.14. Recent ratings included “neutral,” “underweight,” and “sell” recommendations.
• Graphic Packaging reported quarterly EPS of $0.14, beating estimates by $0.02, while revenue reached $2.19 billion. The company also declared a quarterly dividend of $0.11, equivalent to a 3.8% annualized yield.

Bank of New York Mellon Corp purchased a new position in shares of Graphic Packaging Holding Company (NYSE:GPK - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 1,945,623 shares of the industrial products company's stock, valued at approximately $20,565,000. Bank of New York Mellon Corp owned 0.66% of Graphic Packaging at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in GPK. NewEdge Advisors LLC boosted its holdings in shares of Graphic Packaging by 3.0% during the 2nd quarter. NewEdge Advisors LLC now owns 18,379 shares of the industrial products company's stock worth $387,000 after buying an additional 539 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Graphic Packaging by 17.1% in the 4th quarter. Farther Finance Advisors LLC now owns 4,450 shares of the industrial products company's stock valued at $67,000 after acquiring an additional 651 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Graphic Packaging by 0.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 71,049 shares of the industrial products company's stock valued at $1,497,000 after acquiring an additional 660 shares during the period. Hsbc Holdings PLC lifted its position in shares of Graphic Packaging by 5.4% during the 2nd quarter. Hsbc Holdings PLC now owns 15,485 shares of the industrial products company's stock valued at $326,000 after acquiring an additional 791 shares during the period. Finally, one8zero8 LLC boosted its stake in Graphic Packaging by 8.7% during the fourth quarter. one8zero8 LLC now owns 12,500 shares of the industrial products company's stock worth $188,000 after acquiring an additional 1,000 shares in the last quarter. 99.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GPK has been the subject of a number of research reports. Bank of America started coverage on shares of Graphic Packaging in a report on Tuesday, July 14th. They issued a "neutral" rating and a $12.00 price target for the company. Zacks Research raised shares of Graphic Packaging from a "strong sell" rating to a "hold" rating in a research report on Monday, June 1st. Wells Fargo & Company increased their price objective on shares of Graphic Packaging from $9.00 to $10.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 5th. Weiss Ratings restated a "sell (d+)" rating on shares of Graphic Packaging in a research note on Wednesday, June 24th. Finally, Citigroup boosted their target price on Graphic Packaging from $10.00 to $11.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. Nine equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $11.14.

Graphic Packaging Trading Down 0.1%

NYSE:GPK opened at $11.55 on Monday. 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 firm has a market cap of $3.42 billion, a price-to-earnings ratio of 17.50 and a beta of 0.66. Graphic Packaging Holding Company has a 52 week low of $8.78 and a 52 week high of $22.42. The firm has a 50-day moving average price of $11.09 and a two-hundred day moving average price of $10.70.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $2.19 billion for the quarter, compared to analysts' expectations of $2.18 billion. Graphic Packaging had a net margin of 2.25% and a return on equity of 9.95%. The company's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. On average, equities analysts expect that Graphic Packaging Holding Company will post 0.71 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th will be given a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.44 annualized dividend and a yield of 3.8%. Graphic Packaging's payout ratio is currently 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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