XTX Topco Ltd Has $204,000 Position in Graphic Packaging Holding Company $GPK

Key Points

• XTX Topco Ltd significantly reduced its stake in Graphic Packaging by 72.2%, holding 7,866 shares worth approximately $204,000 after selling over 20,000 shares.
• Graphic Packaging reported earnings of $0.42 per share for the last quarter, surpassing estimates, with revenues reaching $2.20 billion.
• The company also announced a quarterly dividend of $0.11 per share, representing an annual yield of 1.9%, alongside a share buyback program authorized for up to $1.50 billion.

XTX Topco Ltd reduced its stake in Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 72.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,866 shares of the industrial products company's stock after selling 20,391 shares during the period. XTX Topco Ltd's holdings in Graphic Packaging were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Wayfinding Financial LLC purchased a new stake in Graphic Packaging during the first quarter valued at about $42,000. UMB Bank n.a. raised its position in Graphic Packaging by 42.3% during the first quarter. UMB Bank n.a. now owns 2,125 shares of the industrial products company's stock valued at $55,000 after buying an additional 632 shares during the period. Park Square Financial Group LLC purchased a new position in Graphic Packaging during the 4th quarter valued at about $79,000. Signaturefd LLC increased its holdings in shares of Graphic Packaging by 554.5% in the 1st quarter. Signaturefd LLC now owns 3,639 shares of the industrial products company's stock valued at $94,000 after purchasing an additional 3,083 shares during the period. Finally, Transce3nd LLC purchased a new stake in shares of Graphic Packaging in the fourth quarter worth approximately $161,000. Institutional investors and hedge funds own 99.67% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. UBS Group began coverage on shares of Graphic Packaging in a report on Wednesday, June 4th. They set a "neutral" rating and a $24.00 price target on the stock. Bank of America decreased their target price on shares of Graphic Packaging from $31.00 to $28.00 and set a "buy" rating for the company in a research report on Wednesday, July 9th. Raymond James Financial restated an "outperform" rating and set a $26.00 price target (down previously from $30.00) on shares of Graphic Packaging in a report on Friday, May 2nd. Wells Fargo & Company upped their price objective on shares of Graphic Packaging from $21.00 to $23.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Finally, BNP Paribas Exane lowered Graphic Packaging from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $26.38.

Insider Buying and Selling at Graphic Packaging

In related news, Director Philip R. Martens sold 7,015 shares of Graphic Packaging stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $21.80, for a total transaction of $152,927.00. Following the completion of the transaction, the director directly owned 26,811 shares of the company's stock, valued at $584,479.80. This trade represents a 20.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.41% of the company's stock.

Graphic Packaging Stock Performance

GPK traded down $0.10 during trading on Monday, reaching $22.43. 903,504 shares of the company's stock were exchanged, compared to its average volume of 3,079,326. The company has a market capitalization of $6.64 billion, a P/E ratio of 12.66, a PEG ratio of 7.65 and a beta of 0.73. The business has a 50 day moving average price of $22.13 and a 200 day moving average price of $23.96. Graphic Packaging Holding Company has a fifty-two week low of $20.86 and a fifty-two week high of $30.70. 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 (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 company 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%. As a group, analysts predict 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 will be paid on Sunday, October 5th. Stockholders of record on Monday, September 15th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.44 annualized dividend and a dividend yield of 2.0%. Graphic Packaging's dividend payout ratio is presently 24.86%.

Graphic Packaging declared that its Board of Directors has approved a stock repurchase program on Thursday, May 1st that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 23.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

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.