Hsbc Holdings PLC Decreases Stock Holdings in Graphic Packaging Holding Company $GPK

Key Points

• Hsbc Holdings PLC reduced its stake in Graphic Packaging Holding Company by 71.8%, selling 37,371 shares and leaving it with 14,694 shares valued at $381,000.
• The stock price of Graphic Packaging is currently at $21.99, with a recent drop of 1.3%, while analysts have varying price targets, with consensus set at $26.38.
• Graphic Packaging recently announced a $0.11 quarterly dividend, reflecting a yield of 2.0% and a dividend payout ratio of 24.86%.

Hsbc Holdings PLC trimmed its holdings in Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 71.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,694 shares of the industrial products company's stock after selling 37,371 shares during the quarter. Hsbc Holdings PLC's holdings in Graphic Packaging were worth $381,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of GPK. Stifel Financial Corp lifted its stake in Graphic Packaging by 2.4% in the 4th quarter. Stifel Financial Corp now owns 40,164 shares of the industrial products company's stock worth $1,091,000 after purchasing an additional 932 shares in the last quarter. Northern Trust Corp lifted its stake in Graphic Packaging by 23.5% in the 4th quarter. Northern Trust Corp now owns 2,668,352 shares of the industrial products company's stock worth $72,472,000 after purchasing an additional 507,065 shares in the last quarter. Captrust Financial Advisors lifted its stake in Graphic Packaging by 6.9% in the 4th quarter. Captrust Financial Advisors now owns 22,976 shares of the industrial products company's stock worth $624,000 after purchasing an additional 1,490 shares in the last quarter. Crestline Management LP acquired a new stake in shares of Graphic Packaging during the 4th quarter worth approximately $2,002,000. Finally, Eminence Capital LP increased its holdings in shares of Graphic Packaging by 7.7% during the 4th quarter. Eminence Capital LP now owns 5,824,872 shares of the industrial products company's stock worth $158,204,000 after buying an additional 418,013 shares during the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GPK shares. Bank of America cut their price target on shares of Graphic Packaging from $31.00 to $28.00 and set a "buy" rating for the company in a report on Wednesday, July 9th. Wells Fargo & Company raised their price target 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. BNP Paribas Exane downgraded shares of Graphic Packaging from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Royal Bank Of Canada cut their price target on shares of Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating for the company in a report on Wednesday, June 18th. Finally, Truist Financial cut their price target on shares of Graphic Packaging from $24.00 to $23.00 and set a "hold" rating for the company in a report on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $26.38.

Graphic Packaging Stock Down 1.3%

Graphic Packaging stock opened at $21.99 on Wednesday. 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 debt-to-equity ratio of 1.68, a quick ratio of 0.56 and a current ratio of 1.43. The firm has a 50 day moving average price of $22.35 and a 200 day moving average price of $23.63. The company has a market capitalization of $6.51 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 7.57 and a beta of 0.76.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its earnings results 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. Graphic Packaging had a net margin of 6.18% and a return on equity of 21.13%. The firm 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. Research analysts expect that Graphic Packaging Holding Company will post 2.47 earnings per share for the current year.

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Monday, September 15th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, September 15th. Graphic Packaging's dividend payout ratio (DPR) is 24.86%.

Insider Buying and Selling at Graphic Packaging

In other Graphic Packaging news, Director Philip R. Martens sold 56,737 shares of the business's stock in a transaction on Friday, August 1st. The shares were 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 owned 33,826 shares in the company, valued at $738,759.84. The trade was a 62.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Joseph P. Yost sold 30,000 shares of the business'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 transaction, the executive vice president owned 255,203 shares of the company's stock, valued at approximately $5,798,212.16. This trade represents a 10.52% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,752 shares of company stock valued at $2,073,663. Insiders own 1.41% of the company's stock.

About Graphic Packaging

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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