L1 Capital Pty Ltd Has $27.53 Million Stock Position in Graphic Packaging Holding Company $GPK

Key Points

• L1 Capital Pty Ltd reduced its stake in Graphic Packaging Holding Company by 60.7%, owning 1,060,541 shares after selling 1,635,484 during the first quarter.
• Graphic Packaging announced a quarterly dividend of $0.11, scheduled for payment on October 8th, with a dividend yield of 2.0%.
• Several analysts revised their price targets for Graphic Packaging, with Bank of America reducing its target from $31.00 to $28.00.

L1 Capital Pty Ltd reduced its position in Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 60.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,060,541 shares of the industrial products company's stock after selling 1,635,484 shares during the quarter. Graphic Packaging comprises about 2.6% of L1 Capital Pty Ltd's investment portfolio, making the stock its 12th biggest position. L1 Capital Pty Ltd owned 0.35% of Graphic Packaging worth $27,532,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Graphic Packaging during the first quarter valued at about $28,000. Brooklyn Investment Group lifted its holdings in Graphic Packaging by 69.9% in the first quarter. Brooklyn Investment Group now owns 1,065 shares of the industrial products company's stock worth $28,000 after acquiring an additional 438 shares during the last quarter. Wayfinding Financial LLC bought a new position in Graphic Packaging in the first quarter worth about $42,000. UMB Bank n.a. raised its holdings in shares of 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 last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of Graphic Packaging during the first quarter valued at approximately $64,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Graphic Packaging Stock Down 5.0%

Shares of GPK stock traded down $1.10 on Wednesday, hitting $20.88. The company's stock had a trading volume of 6,508,007 shares, compared to its average volume of 3,196,756. 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 fifty-two week low of $20.65 and a fifty-two week high of $30.70. The firm's fifty day moving average price is $22.34 and its 200-day moving average price is $23.61. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 7.57 and a beta of 0.75.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its earnings results on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.13 billion. Graphic Packaging had a net margin of 6.18% and a return on equity of 21.13%. Graphic Packaging has set its FY 2025 guidance at 1.900-2.20 EPS. Research analysts anticipate that Graphic Packaging Holding Company will post 2.47 EPS for the current year.

Graphic Packaging Dividend Announcement

The firm also recently disclosed 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 2.1%. The ex-dividend date is Monday, September 15th. Graphic Packaging's dividend payout ratio is currently 24.86%.

Analyst Ratings Changes

Several research firms have issued reports on GPK. Truist Financial decreased their price target on shares of Graphic Packaging from $24.00 to $23.00 and set a "hold" rating on the stock in a research report on Friday, July 11th. UBS Group began coverage on shares of Graphic Packaging in a research report on Wednesday, June 4th. They set a "neutral" rating and a $24.00 price objective on the stock. Wells Fargo & Company lifted their price objective on shares of Graphic Packaging from $21.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. BNP Paribas Exane cut shares of Graphic Packaging from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Finally, Bank of America lowered their price objective on shares of Graphic Packaging from $31.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday, July 9th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $26.38.

Insider Activity at Graphic Packaging

In related news, EVP Joseph P. Yost sold 30,000 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $22.72, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Philip R. Martens sold 56,737 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $21.84, for a total transaction of $1,239,136.08. Following the transaction, the director owned 33,826 shares in the company, valued at $738,759.84. This represents a 62.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,752 shares of company stock worth $2,073,663 over the last 90 days. 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.