Envestnet Portfolio Solutions Inc. Has $941,000 Stock Holdings in Graphic Packaging Holding Company $GPK

Key Points

• Envestnet Portfolio Solutions Inc. increased its holdings in Graphic Packaging Holding Company by 105% during Q2, owning 44,648 shares valued at $941,000.
• The company recently reported earnings of $0.42 EPS for the quarter, surpassing analysts' estimates of $0.40 and generating $2.20 billion in revenue.
• Graphic Packaging announced a quarterly dividend of $0.11, with a yield of 2.6% and a dividend payout ratio of 24.86%.

Envestnet Portfolio Solutions Inc. boosted its holdings in Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 105.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,648 shares of the industrial products company's stock after purchasing an additional 22,869 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Graphic Packaging were worth $941,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Concurrent Investment Advisors LLC grew its holdings in shares of Graphic Packaging by 3.6% during the 1st quarter. Concurrent Investment Advisors LLC now owns 11,535 shares of the industrial products company's stock valued at $299,000 after purchasing an additional 402 shares during the last quarter. Brooklyn Investment Group lifted its position in shares of Graphic Packaging by 69.9% in the 1st quarter. Brooklyn Investment Group now owns 1,065 shares of the industrial products company's stock worth $28,000 after purchasing an additional 438 shares during the period. NorthRock Partners LLC lifted its position in shares of Graphic Packaging by 1.9% during the 1st quarter. NorthRock Partners LLC now owns 30,986 shares of the industrial products company's stock valued at $808,000 after acquiring an additional 563 shares during the period. Xponance Inc. boosted its stake in Graphic Packaging by 1.8% during the first quarter. Xponance Inc. now owns 36,320 shares of the industrial products company's stock worth $943,000 after acquiring an additional 630 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Graphic Packaging by 4.8% during the first quarter. US Bancorp DE now owns 14,288 shares of the industrial products company's stock worth $371,000 after acquiring an additional 649 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

Graphic Packaging Trading Down 0.2%

Graphic Packaging stock opened at $17.16 on Monday. The business has a 50-day simple moving average of $20.47 and a two-hundred day simple moving average of $21.99. The company has a market cap of $5.08 billion, a P/E ratio of 9.69 and a beta of 0.74. The company has a quick ratio of 0.56, a current ratio of 1.43 and a debt-to-equity ratio of 1.68. Graphic Packaging Holding Company has a 52-week low of $16.94 and a 52-week high of $30.70.

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

Graphic Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Monday, September 15th were paid a $0.11 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.44 dividend on an annualized basis and a yield of 2.6%. Graphic Packaging's dividend payout ratio (DPR) is presently 24.86%.

Analyst Ratings Changes

A number of research analysts recently weighed in on GPK shares. Wells Fargo & Company dropped their price target on shares of Graphic Packaging from $23.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Wednesday, September 17th. Citigroup decreased their price target on Graphic Packaging from $23.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. Truist Financial decreased their price objective on shares of Graphic Packaging from $23.00 to $20.00 and set a "hold" rating on the stock in a research report on Monday, October 13th. Weiss Ratings restated a "hold (c-)" rating on shares of Graphic Packaging in a research report on Wednesday, October 8th. Finally, BNP Paribas Exane cut shares of Graphic Packaging from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. One investment analyst has rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $23.00.

Insiders Place Their Bets

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