Graphic Packaging Holding Company $GPK Shares Sold by Clear Harbor Asset Management LLC

Key Points

• Clear Harbor Asset Management LLC reduced its stake in Graphic Packaging by 39.5%, owning 20,587 shares worth $434,000 after selling 13,458 shares during the second quarter.
• Equities research analysts have downgraded Graphic Packaging's stock ratings, with BNP Paribas Exane shifting from "outperform" to "neutral," while Wells Fargo lowered its price target from $23.00 to $20.00.
• Graphic Packaging announced a quarterly dividend of $0.11 per share, equating to an annual yield of 2.3%, with shares trading around $19.50 as of the recent opening.

Clear Harbor Asset Management LLC trimmed its position in Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 39.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,587 shares of the industrial products company's stock after selling 13,458 shares during the quarter. Clear Harbor Asset Management LLC's holdings in Graphic Packaging were worth $434,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in GPK. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Graphic Packaging during the 1st quarter valued at approximately $28,000. Brooklyn Investment Group raised its position in shares of Graphic Packaging by 69.9% during 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 in the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Graphic Packaging during the 1st quarter valued at approximately $42,000. UMB Bank n.a. raised its position in shares of Graphic Packaging by 42.3% during the 1st quarter. UMB Bank n.a. now owns 2,125 shares of the industrial products company's stock valued at $55,000 after acquiring an additional 632 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new stake in shares of Graphic Packaging during the 1st quarter valued at approximately $64,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GPK shares. BNP Paribas Exane lowered Graphic Packaging from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Wells Fargo & Company lowered their price objective on Graphic Packaging from $23.00 to $20.00 and set an "equal weight" rating for the company in a research note on Wednesday, September 17th. Bank of America lowered their price objective 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. UBS Group assumed coverage on Graphic Packaging in a research note on Wednesday, June 4th. They set a "neutral" rating and a $24.00 price objective for the company. Finally, Truist Financial lowered their price objective on Graphic Packaging from $24.00 to $23.00 and set a "hold" rating for the company in a research note on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Graphic Packaging has a consensus rating of "Hold" and a consensus target price of $26.00.

Graphic Packaging Trading Down 0.1%

Shares of Graphic Packaging stock opened at $19.50 on Tuesday. 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 firm has a market cap of $5.78 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 6.63 and a beta of 0.76. The business has a fifty day simple moving average of $21.97 and a 200-day simple moving average of $22.99. Graphic Packaging Holding Company has a fifty-two week low of $19.45 and a fifty-two week high of $30.70.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its earnings results on Tuesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%.The business had revenue of $2.20 billion during 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. On average, equities analysts forecast that Graphic Packaging Holding Company will post 2.47 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, September 15th. Graphic Packaging's dividend payout ratio is currently 24.86%.

Insider Buying and Selling at Graphic Packaging

In other news, EVP Joseph P. Yost sold 30,000 shares of the company's 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 sale, the executive vice president directly owned 255,203 shares of the company's stock, valued at $5,798,212.16. This represents a 10.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Philip R. Martens sold 7,015 shares of the company's stock in a transaction 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 sale, the director directly owned 26,811 shares of the company's stock, valued at approximately $584,479.80. This represents a 20.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 93,752 shares of company stock valued at $2,073,663. 1.41% of the stock is currently owned by company insiders.

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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