Harbor Capital Advisors Inc. Has $9.16 Million Position in Graphic Packaging Holding Company $GPK

Key Points

• Harbor Capital Advisors Inc. increased its stake in Graphic Packaging by 21.6% in the second quarter, holding 434,871 shares worth approximately $9.16 million.
• Analysts have given Graphic Packaging an average rating of Hold with a price target of $26.38, with recent adjustments indicating fluctuations in expected stock performance.
• Graphic Packaging announced a quarterly dividend of $0.11 per share, yielding 2.2%, to be paid to stockholders on October 8th.

Harbor Capital Advisors Inc. raised its stake in Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 21.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 434,871 shares of the industrial products company's stock after acquiring an additional 77,162 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.14% of Graphic Packaging worth $9,163,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC raised its stake in Graphic Packaging by 3.6% in 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 raised its holdings in Graphic Packaging by 69.9% in the 1st quarter. Brooklyn Investment Group now owns 1,065 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 438 shares during the last quarter. Elevation Point Wealth Partners LLC raised its holdings in Graphic Packaging by 4.1% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 11,770 shares of the industrial products company's stock valued at $306,000 after acquiring an additional 465 shares during the last quarter. Merit Financial Group LLC raised its holdings in Graphic Packaging by 6.4% in the 1st quarter. Merit Financial Group LLC now owns 8,480 shares of the industrial products company's stock valued at $220,000 after acquiring an additional 512 shares during the last quarter. Finally, NorthRock Partners LLC increased its stake in Graphic Packaging by 1.9% in the first quarter. NorthRock Partners LLC now owns 30,986 shares of the industrial products company's stock valued at $808,000 after purchasing an additional 563 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

Graphic Packaging Stock Down 2.2%

Shares of Graphic Packaging stock traded down $0.45 during trading hours on Friday, hitting $19.51. 8,853,765 shares of the company's stock traded hands, compared to its average volume of 3,757,363. The stock has a 50 day simple moving average of $22.03 and a 200-day simple moving average of $23.10. The company has a quick ratio of 0.56, a current ratio of 1.43 and a debt-to-equity ratio of 1.68. The company has a market cap of $5.78 billion, a PE ratio of 11.02, a PEG ratio of 6.78 and a beta of 0.75. Graphic Packaging Holding Company has a twelve month low of $19.47 and a twelve month high of $30.70.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share 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 analyst estimates of $2.13 billion. Graphic Packaging has set its FY 2025 guidance at 1.900-2.20 EPS. Equities research analysts anticipate that Graphic Packaging Holding Company will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Monday, September 15th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Monday, September 15th. Graphic Packaging's dividend payout ratio (DPR) is 24.86%.

Insider Transactions at Graphic Packaging

In related news, Director Philip R. Martens sold 56,737 shares of Graphic Packaging stock in a transaction dated 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 completion of the transaction, the director directly owned 33,826 shares in the company, valued at approximately $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 accessible through this link. Also, EVP Joseph P. Yost sold 30,000 shares of Graphic Packaging stock in a transaction on Monday, August 25th. The stock was sold at an average price of $22.72, for a total transaction of $681,600.00. Following the completion of the transaction, the executive vice president directly owned 255,203 shares of the company's stock, valued at approximately $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 valued at $2,073,663 over the last quarter. Insiders own 1.41% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Royal Bank Of Canada dropped their target price on Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating for the company in a research note on Wednesday, June 18th. Wells Fargo & Company dropped their price target on shares of Graphic Packaging from $23.00 to $20.00 and set an "equal weight" rating for the company in a research report on Wednesday. BNP Paribas Exane downgraded Graphic Packaging from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. UBS Group began coverage on Graphic Packaging in a report on Wednesday, June 4th. They set a "neutral" rating and a $24.00 price objective for the company. Finally, Bank of America dropped their price target on Graphic Packaging from $31.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday, July 9th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Graphic Packaging currently has a consensus rating of "Hold" and a consensus target price of $26.00.

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.