Russell Investments Group Ltd. Has $1.30 Million Holdings in Graphic Packaging Holding Company $GPK

Key Points

• Russell Investments Group Ltd. reduced its stake in Graphic Packaging Holding Company by 29.5%, ending up with approximately $1.30 million in holdings after selling 20,861 shares.
• Graphic Packaging announced a share repurchase plan for up to $1.50 billion, indicating the board believes the company's shares are undervalued.
• The company recently declared a $0.11 quarterly dividend, with an annualized dividend yield of 2.0% and a payout ratio of 24.86%.

Russell Investments Group Ltd. trimmed its holdings in shares of Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 29.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,970 shares of the industrial products company's stock after selling 20,861 shares during the period. Russell Investments Group Ltd.'s holdings in Graphic Packaging were worth $1,297,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Concurrent Investment Advisors LLC raised its position in Graphic Packaging by 3.6% during the first quarter. Concurrent Investment Advisors LLC now owns 11,535 shares of the industrial products company's stock valued at $299,000 after buying an additional 402 shares during the period. Elevation Point Wealth Partners LLC raised its position in Graphic Packaging by 4.1% during the first quarter. Elevation Point Wealth Partners LLC now owns 11,770 shares of the industrial products company's stock valued at $306,000 after buying an additional 465 shares during the period. Merit Financial Group LLC raised its position in Graphic Packaging by 6.4% during the first quarter. Merit Financial Group LLC now owns 8,480 shares of the industrial products company's stock valued at $220,000 after buying an additional 512 shares during the period. NorthRock Partners LLC raised its position in Graphic Packaging by 1.9% during the first quarter. NorthRock Partners LLC now owns 30,986 shares of the industrial products company's stock valued at $808,000 after buying an additional 563 shares during the period. Finally, Xponance Inc. raised its position in Graphic Packaging by 1.8% during the first quarter. Xponance Inc. now owns 36,320 shares of the industrial products company's stock valued at $943,000 after buying an additional 630 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Graphic Packaging

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

Graphic Packaging Stock Performance

NYSE:GPK traded down $0.29 during mid-day trading on Tuesday, hitting $21.99. 3,437,350 shares of the company's stock traded hands, compared to its average volume of 3,196,756. The firm has a 50 day moving average of $22.35 and a two-hundred day moving average of $23.63. Graphic Packaging Holding Company has a 12 month low of $20.86 and a 12 month high of $30.70. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 7.57 and a beta of 0.76. The company has a current ratio of 1.43, a quick ratio of 0.56 and a debt-to-equity ratio of 1.68.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced 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. The firm 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. On average, equities analysts forecast that Graphic Packaging Holding Company will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have commented on the company. UBS Group assumed coverage on Graphic Packaging in a research note on Wednesday, June 4th. They issued a "neutral" rating and a $24.00 target price on the stock. Wells Fargo & Company boosted their target price on Graphic Packaging from $21.00 to $23.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Royal Bank Of Canada lowered their target price on Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating on the stock in a research note on Wednesday, June 18th. BNP Paribas Exane downgraded Graphic Packaging from an "outperform" rating to a "neutral" rating in a research note on Wednesday, June 25th. Finally, Truist Financial lowered their target price on Graphic Packaging from $24.00 to $23.00 and set a "hold" rating on the stock in a research note on Friday, July 11th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Graphic Packaging has a consensus rating of "Hold" and an average price target of $26.38.

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.