Graphic Packaging Holding Company $GPK Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt has increased its stake in Graphic Packaging Holding Company (NYSE:GPK) by 21.4%, acquiring an additional 19,000 shares, bringing its total holdings to 107,900 shares valued at approximately $2.28 million.
• The company reported earnings of $0.42 per share for the most recent quarter, surpassing analysts' expectations of $0.40, with revenues of $2.20 billion against estimates of $2.13 billion.
• Graphic Packaging recently announced a quarterly dividend of $0.11 per share, with a 2.3% yield, set to be paid on October 8th to shareholders of record on September 15th.

Livforsakringsbolaget Skandia Omsesidigt raised its stake in Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 21.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,900 shares of the industrial products company's stock after purchasing an additional 19,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Graphic Packaging were worth $2,281,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GPK. Caitong International Asset Management Co. Ltd bought a new stake in Graphic Packaging during the first quarter valued at $28,000. Brooklyn Investment Group lifted its holdings in shares of Graphic Packaging by 69.9% during the first quarter. Brooklyn Investment Group now owns 1,065 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 438 shares in the last quarter. Wayfinding Financial LLC purchased a new position in shares of Graphic Packaging in the first quarter worth approximately $42,000. UMB Bank n.a. boosted 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 buying an additional 632 shares during the period. Finally, Summit Securities Group LLC bought a new stake in Graphic Packaging in the 1st quarter valued at $64,000. 99.67% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Philip R. Martens sold 7,015 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $21.80, for a total value of $152,927.00. Following the sale, the director directly owned 26,811 shares in the company, valued at approximately $584,479.80. The trade was a 20.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph P. Yost sold 30,000 shares of the company'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 directly owned 255,203 shares in the company, valued at $5,798,212.16. This trade represents a 10.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,752 shares of company stock valued at $2,073,663 in the last quarter. 1.41% of the stock is currently owned by company insiders.

Graphic Packaging Stock Performance

Shares of GPK traded down $0.06 during mid-day trading on Tuesday, hitting $19.41. The stock had a trading volume of 251,766 shares, compared to its average volume of 3,197,514. Graphic Packaging Holding Company has a 52 week low of $19.45 and a 52 week high of $30.70. The firm has a market cap of $5.75 billion, a P/E ratio of 10.96, a PEG ratio of 6.63 and a beta of 0.76. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.43 and a quick ratio of 0.56. The business has a fifty day moving average price of $21.97 and a 200-day moving average price of $22.99.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its quarterly earnings data 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. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%.The company had revenue of $2.20 billion for 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, equities research analysts expect that Graphic Packaging Holding Company will post 2.47 EPS for the current year.

Graphic Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Monday, September 15th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, September 15th. Graphic Packaging's payout ratio is presently 24.86%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GPK shares. 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. Wells Fargo & Company reduced their target price on shares of Graphic Packaging from $23.00 to $20.00 and set an "equal weight" rating on the stock in a report on Wednesday, September 17th. BNP Paribas Exane cut Graphic Packaging from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Truist Financial reduced their price target on Graphic Packaging from $24.00 to $23.00 and set a "hold" rating for the company in a report on Friday, July 11th. Finally, Royal Bank Of Canada lowered their target price on shares of Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating for the company in a research note on Wednesday, June 18th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $26.00.

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.