Graphic Packaging Holding Company $GPK Stake Increased by Bank of America Corp DE

Key Points

• Bank of America increased its Graphic Packaging stake by 16% in the first quarter, adding 538,810 shares to own 3.91 million shares worth approximately $38.9 million. Institutional investors collectively own 99.67% of the company.
• Analyst sentiment remains cautious, with nine Hold ratings and three Sell ratings producing an average “Reduce” rating and a consensus price target of $11.14.
• Graphic Packaging beat quarterly earnings expectations with $0.14 in EPS versus $0.12 forecast and $2.19 billion in revenue, while declaring a quarterly dividend of $0.11 per share, yielding about 3.7% annually.

Bank of America Corp DE increased its holdings in shares of Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 16.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,913,194 shares of the industrial products company's stock after buying an additional 538,810 shares during the quarter. Bank of America Corp DE owned 1.32% of Graphic Packaging worth $38,897,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Skylands Capital LLC increased its position in Graphic Packaging by 60.3% in the 4th quarter. Skylands Capital LLC now owns 384,900 shares of the industrial products company's stock worth $5,797,000 after purchasing an additional 144,850 shares during the last quarter. Eminence Capital LP lifted its holdings in shares of Graphic Packaging by 67.5% during the 4th quarter. Eminence Capital LP now owns 12,811,941 shares of the industrial products company's stock valued at $192,948,000 after buying an additional 5,163,806 shares during the last quarter. UBS Group AG grew its stake in shares of Graphic Packaging by 123.8% in the 4th quarter. UBS Group AG now owns 9,026,134 shares of the industrial products company's stock valued at $135,934,000 after buying an additional 4,992,179 shares in the last quarter. Manning & Napier Advisors LLC grew its stake in shares of Graphic Packaging by 279.3% in the 4th quarter. Manning & Napier Advisors LLC now owns 132,763 shares of the industrial products company's stock valued at $1,999,000 after buying an additional 97,763 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its holdings in Graphic Packaging by 51.7% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 6,195,333 shares of the industrial products company's stock worth $93,302,000 after buying an additional 2,111,157 shares during the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on GPK shares. Citigroup lifted their target price on shares of Graphic Packaging from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Thursday, May 7th. Robert W. Baird set a $13.00 price target on shares of Graphic Packaging in a research note on Wednesday, May 6th. Wells Fargo & Company raised their price target on shares of Graphic Packaging from $9.00 to $10.00 and gave the company an "underweight" rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. began coverage on shares of Graphic Packaging in a research note on Monday, June 29th. They issued a "neutral" rating and a $11.70 price objective for the company. Finally, Zacks Research upgraded Graphic Packaging from a "strong sell" rating to a "hold" rating in a research note on Monday, June 1st. Nine analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $11.14.

Graphic Packaging Trading Up 1.2%

Shares of Graphic Packaging stock opened at $11.84 on Friday. Graphic Packaging Holding Company has a 52-week low of $8.78 and a 52-week high of $23.47. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.38 and a quick ratio of 0.60. The firm has a market capitalization of $3.50 billion, a PE ratio of 17.93 and a beta of 0.66. The company's fifty day moving average price is $10.93 and its two-hundred day moving average price is $10.90.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. Graphic Packaging had a return on equity of 9.95% and a net margin of 2.25%.The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the previous year, the business earned $0.42 earnings per share. The company's quarterly revenue was down .7% on a year-over-year basis. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. On average, analysts expect that Graphic Packaging Holding Company will post 0.68 EPS for the current year.

Graphic Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th will be given a dividend of $0.11 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.7%. Graphic Packaging's dividend payout ratio (DPR) is 66.67%.

Graphic Packaging Company Profile

Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.

Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.

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