Landscape Capital Management L.L.C. Takes Position in Graphic Packaging Holding Company $GPK

Key Points

• Landscape Capital Management L.L.C. has taken a new stake in Graphic Packaging Holding Company, purchasing 19,332 shares valued at approximately $502,000.
• Several large investors have increased their stakes in Graphic Packaging, with American Century Companies Inc. raising theirs by 11.7%, now owning nearly $480 million worth of the stock.
• The company has announced a quarterly dividend of $0.11 per share, which translates to an annualized dividend yield of 2.0%.

Landscape Capital Management L.L.C. purchased a new position in Graphic Packaging Holding Company (NYSE:GPK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,332 shares of the industrial products company's stock, valued at approximately $502,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Graphic Packaging by 3.1% during the first quarter. Vanguard Group Inc. now owns 30,655,111 shares of the industrial products company's stock valued at $795,807,000 after acquiring an additional 929,764 shares in the last quarter. American Century Companies Inc. increased its holdings in Graphic Packaging by 11.7% in the 1st quarter. American Century Companies Inc. now owns 18,488,501 shares of the industrial products company's stock worth $479,962,000 after buying an additional 1,932,841 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Graphic Packaging by 8.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,351,192 shares of the industrial products company's stock worth $268,717,000 after buying an additional 781,509 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Graphic Packaging by 1,004.9% in the 1st quarter. Victory Capital Management Inc. now owns 9,240,697 shares of the industrial products company's stock worth $239,888,000 after buying an additional 8,404,340 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Graphic Packaging by 14.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,890,782 shares of the industrial products company's stock valued at $204,844,000 after purchasing an additional 1,018,017 shares during the period. 99.67% of the stock is currently owned by institutional investors.

Graphic Packaging Stock Down 5.0%

Shares of GPK stock traded down $1.10 during mid-day trading on Wednesday, hitting $20.88. The stock had a trading volume of 6,508,007 shares, compared to its average volume of 3,120,865. Graphic Packaging Holding Company has a 12-month low of $20.65 and a 12-month high of $30.70. The firm has a market capitalization of $6.18 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 7.57 and a beta of 0.76. The firm's 50-day moving average is $22.35 and its two-hundred day moving average is $23.63. 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 (NYSE:GPK - Get Free Report) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%.The business had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.13 billion. Graphic Packaging has set its FY 2025 guidance at 1.900-2.20 EPS. On average, analysts predict that Graphic Packaging Holding Company will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Monday, September 15th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Monday, September 15th. Graphic Packaging's dividend payout ratio is 24.86%.

Insiders Place Their Bets

In related news, Director Philip R. Martens sold 7,015 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $21.80, for a total transaction of $152,927.00. Following the completion of the sale, the director directly owned 26,811 shares in the company, valued at $584,479.80. This represents a 20.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Joseph P. Yost sold 30,000 shares of the company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $22.72, for a total value of $681,600.00. Following the sale, the executive vice president owned 255,203 shares of the company's stock, valued at $5,798,212.16. This trade represents a 10.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 93,752 shares of company stock valued at $2,073,663 over the last 90 days. 1.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GPK shares. Truist Financial cut their price target on Graphic Packaging from $24.00 to $23.00 and set a "hold" rating for the company in a research note on Friday, July 11th. UBS Group assumed coverage on Graphic Packaging in a research note on Wednesday, June 4th. They set a "neutral" rating and a $24.00 price objective for the company. Bank of America lowered their price target on Graphic Packaging from $31.00 to $28.00 and set a "buy" rating on the stock in a report on Wednesday, July 9th. Royal Bank Of Canada lowered their price target on Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating on the stock in a report on Wednesday, June 18th. Finally, Wells Fargo & Company upped their price objective on Graphic Packaging from $21.00 to $23.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Graphic Packaging has a consensus rating of "Hold" and a consensus target price of $26.38.

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.