Graphic Packaging Holding Company $GPK Shares Sold by Boston Trust Walden Corp

Key Points

• Boston Trust Walden Corp reduced its stake in Graphic Packaging Holding Company by 3.2% during the second quarter, now owning 1,205,268 shares valued at approximately $25.4 million.
• Graphic Packaging recently announced a quarterly dividend of $0.11 per share, providing a yield of 2.5% and reflecting a payout ratio of 24.86%.
• The company's stock has seen several recent downgrades from analysts, with the average target price set at $23.00 following cuts from various financial institutions.

Boston Trust Walden Corp cut its holdings in shares of Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,205,268 shares of the industrial products company's stock after selling 40,117 shares during the period. Boston Trust Walden Corp owned approximately 0.40% of Graphic Packaging worth $25,395,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group raised its holdings in Graphic Packaging by 69.9% during the first 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 in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Graphic Packaging during the first quarter worth approximately $28,000. Wayfinding Financial LLC bought a new stake in Graphic Packaging during the first quarter worth approximately $42,000. LRI Investments LLC raised its holdings in Graphic Packaging by 48.3% during the second quarter. LRI Investments LLC now owns 2,073 shares of the industrial products company's stock worth $44,000 after purchasing an additional 675 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in Graphic Packaging during the first quarter worth approximately $64,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Graphic Packaging Price Performance

Shares of NYSE:GPK opened at $17.52 on Wednesday. The company's fifty day moving average is $20.78 and its two-hundred day moving average is $22.21. 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 12-month low of $17.26 and a 12-month high of $30.70. The company has a market cap of $5.19 billion, a P/E ratio of 9.90 and a beta of 0.74.

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

Graphic Packaging Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Monday, September 15th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, September 15th. Graphic Packaging's payout ratio is 24.86%.

Insider Buying and Selling at Graphic Packaging

In other news, Director Philip R. Martens sold 7,015 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $21.80, for a total transaction of $152,927.00. Following the transaction, the director directly owned 26,811 shares in the company, valued at $584,479.80. The trade was a 20.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joseph P. Yost sold 30,000 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $22.72, for a total transaction of $681,600.00. Following the transaction, the executive vice president owned 255,203 shares in the company, valued at approximately $5,798,212.16. This represents a 10.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,752 shares of company stock worth $2,073,663. Company insiders own 1.41% of the company's stock.

Analysts Set New Price Targets

GPK has been the topic of several recent analyst reports. Royal Bank Of Canada cut Graphic Packaging from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $25.00 to $21.00 in a report on Thursday, October 9th. Citigroup dropped their target price on Graphic Packaging from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, October 6th. BNP Paribas Exane cut Graphic Packaging from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Truist Financial dropped their price target on Graphic Packaging from $23.00 to $20.00 and set a "hold" rating on the stock in a report on Monday. Finally, UBS Group dropped their price target on Graphic Packaging from $24.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Graphic Packaging presently has a consensus rating of "Hold" and an average target price of $23.00.

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.

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