Hunter Perkins Capital Management LLC Purchases 68,090 Shares of Graphic Packaging Holding Company $GPK

Key Points

• Hunter Perkins Capital Management LLC has increased its stake in Graphic Packaging Holding Company by 16.4%, acquiring an additional 68,090 shares, bringing its total ownership to 484,295 shares worth approximately $10.26 million.
• Graphic Packaging has reported earnings of $0.42 per share, exceeding analysts' expectations, with revenue of $2.20 billion for the recent quarter.
• The company announced a quarterly dividend of $0.11 per share with a yield of 2.3%, and the dividend payout ratio stands at 24.86%.

Hunter Perkins Capital Management LLC increased its stake in Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 16.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 484,295 shares of the industrial products company's stock after buying an additional 68,090 shares during the period. Graphic Packaging accounts for 2.4% of Hunter Perkins Capital Management LLC's portfolio, making the stock its 12th largest position. Hunter Perkins Capital Management LLC owned approximately 0.16% of Graphic Packaging worth $10,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new position in Graphic Packaging in the 1st quarter worth approximately $28,000. Brooklyn Investment Group lifted its stake in shares of Graphic Packaging by 69.9% in the 1st 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 during the period. Wayfinding Financial LLC purchased a new position in shares of Graphic Packaging during the 1st quarter worth $42,000. UMB Bank n.a. increased its holdings in Graphic Packaging by 42.3% in the 1st quarter. UMB Bank n.a. now owns 2,125 shares of the industrial products company's stock worth $55,000 after acquiring an additional 632 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in Graphic Packaging during the first quarter valued at about $64,000. 99.67% of the stock is owned by hedge funds and other institutional investors.

Graphic Packaging Stock Performance

Graphic Packaging stock opened at $19.36 on Monday. The stock's 50-day moving average is $21.36 and its 200-day moving average is $22.55. The company has a market cap of $5.73 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 6.58 and a beta of 0.74. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.43 and a quick ratio of 0.56. Graphic Packaging Holding Company has a 12 month low of $19.05 and a 12 month high of $30.70.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.13 billion. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%. Graphic Packaging has set its FY 2025 guidance at 1.900-2.20 EPS. Equities analysts anticipate 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. Shareholders 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 yield of 2.3%. 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 news, EVP Joseph P. Yost sold 30,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Philip R. Martens sold 7,015 shares of the 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 completion of the transaction, the director owned 26,811 shares in the company, valued at $584,479.80. The trade was 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 owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on GPK. Truist Financial dropped their price objective on shares of Graphic Packaging from $24.00 to $23.00 and set a "hold" rating for the company in a research note on Friday, July 11th. Weiss Ratings restated a "hold (c-)" rating on shares of Graphic Packaging in a research note on Saturday, September 27th. Bank of America dropped their target price on Graphic Packaging from $31.00 to $28.00 and set a "buy" rating on the stock in a report on Wednesday, July 9th. BNP Paribas Exane lowered shares of Graphic Packaging from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Finally, Royal Bank Of Canada cut their price target on Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating for the company in a report on Wednesday, June 18th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Graphic Packaging currently has an average rating of "Hold" and a consensus target price of $26.00.

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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