Foster & Motley Inc. Makes New $498,000 Investment in Graphic Packaging Holding Company $GPK

Key Points

• Foster & Motley Inc. invested approximately $498,000 in Graphic Packaging Holding Company by purchasing 23,637 shares during the 2nd quarter.
• Graphic Packaging's recent earnings report showed earnings per share of $0.42, exceeding analyst expectations, with projected FY 2025 guidance set at 1.900-2.20 EPS.
• The company also declared a quarterly dividend of $0.11 per share, resulting in an annualized yield of 2.6%.

Foster & Motley Inc. purchased a new stake in shares of Graphic Packaging Holding Company (NYSE:GPK - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 23,637 shares of the industrial products company's stock, valued at approximately $498,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State of Alaska Department of Revenue lifted its position in Graphic Packaging by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 35,155 shares of the industrial products company's stock valued at $912,000 after buying an additional 935 shares during the last quarter. XML Financial LLC increased its stake in shares of Graphic Packaging by 7.4% during the first quarter. XML Financial LLC now owns 23,530 shares of the industrial products company's stock worth $611,000 after buying an additional 1,620 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Graphic Packaging by 1.7% during the first quarter. Oppenheimer & Co. Inc. now owns 61,206 shares of the industrial products company's stock worth $1,589,000 after buying an additional 996 shares during the period. New World Advisors LLC increased its stake in shares of Graphic Packaging by 41.7% during the first quarter. New World Advisors LLC now owns 17,000 shares of the industrial products company's stock worth $441,000 after buying an additional 5,000 shares during the period. Finally, WealthBridge Capital Management LLC increased its stake in Graphic Packaging by 12.8% in the first quarter. WealthBridge Capital Management LLC now owns 11,338 shares of the industrial products company's stock valued at $294,000 after purchasing an additional 1,290 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

Insider Activity at Graphic Packaging

In other news, EVP Joseph P. Yost sold 30,000 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $22.72, for a total value of $681,600.00. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Philip R. Martens sold 7,015 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $21.80, for a total value of $152,927.00. Following the completion of the sale, the director owned 26,811 shares of the company's stock, valued at $584,479.80. This trade represents a 20.74% decrease in their ownership of the stock. 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 over the last 90 days. 1.41% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

GPK has been the topic of several recent analyst reports. Truist Financial dropped their price target on shares of Graphic Packaging from $23.00 to $20.00 and set a "hold" rating on the stock in a research note on Monday, October 13th. Bank of America reaffirmed a "neutral" rating and set a $24.00 price target on shares of Graphic Packaging in a report on Thursday, October 9th. Raymond James Financial cut Graphic Packaging from an "outperform" rating to a "market perform" rating in a research report on Friday. Citigroup dropped their price target 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 dropped 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. One research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Graphic Packaging has an average rating of "Hold" and a consensus price target of $23.00.

Graphic Packaging Stock Performance

NYSE GPK opened at $17.16 on Monday. The firm has a market capitalization of $5.08 billion, a P/E ratio of 9.69 and a beta of 0.74. Graphic Packaging Holding Company has a 1-year low of $16.94 and a 1-year high of $30.70. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.43 and a quick ratio of 0.56. The business's 50-day simple moving average is $20.47 and its 200-day simple moving average is $21.99.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates 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. Equities analysts predict that Graphic Packaging Holding Company will post 2.47 EPS for the current year.

Graphic Packaging Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Monday, September 15th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.44 annualized dividend and a yield of 2.6%. Graphic Packaging's payout ratio is 24.86%.

Graphic Packaging 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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