Graphic Packaging Holding Company $GPK Shares Purchased by Seven Six Capital Management LLC

Key Points

• Seven Six Capital Management LLC increased its shareholding in Graphic Packaging Holding Company (GPK) by 4.9%, now owning 473,000 shares valued at approximately $12.28 million, making it the firm's largest investment.
• Graphic Packaging announced a quarterly dividend of $0.11 per share, with an annualized yield of 2.0%, set to be paid on October 8th to stockholders of record.
• Analysts have issued mixed ratings and price targets for GPK, with the average consensus price target currently at $26.38, reflecting a range of buy and hold ratings.

Seven Six Capital Management LLC lifted its holdings in Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 4.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 473,000 shares of the industrial products company's stock after buying an additional 22,300 shares during the quarter. Graphic Packaging accounts for 11.0% of Seven Six Capital Management LLC's portfolio, making the stock its biggest holding. Seven Six Capital Management LLC owned 0.16% of Graphic Packaging worth $12,279,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of research firms have commented on GPK. BNP Paribas Exane downgraded Graphic Packaging from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Bank of America decreased their target price on Graphic Packaging from $31.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday, July 9th. Wells Fargo & Company boosted their target price on Graphic Packaging from $21.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. UBS Group began coverage on Graphic Packaging in a research report on Wednesday, June 4th. They set a "neutral" rating and a $24.00 target price on the stock. 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 analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $26.38.

Insider Buying and Selling at Graphic Packaging

In related news, Director Philip R. Martens sold 56,737 shares of the company's stock in a transaction 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 directly owned 33,826 shares in the company, valued at approximately $738,759.84. This represents a 62.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 owned 255,203 shares of the company's stock, valued at $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. Insiders sold 93,752 shares of company stock valued at $2,073,663 over the last quarter. Insiders own 1.41% of the company's stock.

Graphic Packaging Price Performance

Shares of NYSE GPK traded down $0.34 during trading on Friday, reaching $20.73. The company had a trading volume of 989,340 shares, compared to its average volume of 3,148,456. Graphic Packaging Holding Company has a twelve month low of $20.38 and a twelve month high of $30.70. The stock has a market capitalization of $6.14 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 7.04 and a beta of 0.75. The stock has a 50-day moving average price of $22.28 and a two-hundred day moving average price of $23.36. 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 released its quarterly 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. 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 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. As a group, sell-side analysts predict that Graphic Packaging Holding Company will post 2.47 earnings per share for the current year.

Graphic Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Monday, September 15th will be paid 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 presently 24.86%.

About Graphic Packaging

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.