Graphic Packaging Holding Company $GPK Shares Bought 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 raised its holdings in shares of Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 4.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 473,000 shares of the industrial products company's stock after acquiring an additional 22,300 shares during the period. Graphic Packaging makes up 11.0% of Seven Six Capital Management LLC's holdings, making the stock its largest position. Seven Six Capital Management LLC owned approximately 0.16% of Graphic Packaging worth $12,279,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC increased its position in shares of Graphic Packaging by 3.6% during the 1st quarter. Concurrent Investment Advisors LLC now owns 11,535 shares of the industrial products company's stock valued at $299,000 after purchasing an additional 402 shares during the period. Brooklyn Investment Group grew its holdings in shares of Graphic Packaging by 69.9% in the 1st 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. Elevation Point Wealth Partners LLC grew its holdings in shares of Graphic Packaging by 4.1% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 11,770 shares of the industrial products company's stock worth $306,000 after acquiring an additional 465 shares during the last quarter. Merit Financial Group LLC grew its holdings in shares of Graphic Packaging by 6.4% in the 1st quarter. Merit Financial Group LLC now owns 8,480 shares of the industrial products company's stock worth $220,000 after acquiring an additional 512 shares during the last quarter. Finally, NorthRock Partners LLC grew its holdings in shares of Graphic Packaging by 1.9% in the 1st quarter. NorthRock Partners LLC now owns 30,986 shares of the industrial products company's stock worth $808,000 after acquiring an additional 563 shares during the last quarter. Institutional investors own 99.67% of the company's stock.

Insiders Place Their Bets

In related news, Director Philip R. Martens sold 7,015 shares of Graphic Packaging 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 owned 26,811 shares of the company's stock, valued at approximately $584,479.80. This trade represents a 20.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph P. Yost sold 30,000 shares of the business's stock in a transaction dated 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 sale, the executive vice president directly owned 255,203 shares of the company's stock, valued at $5,798,212.16. This represents a 10.52% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 93,752 shares of company stock valued at $2,073,663. Insiders own 1.41% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. BNP Paribas Exane cut Graphic Packaging from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Royal Bank Of Canada decreased their target price on Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating on the stock in a report on Wednesday, June 18th. Truist Financial decreased their target price on Graphic Packaging from $24.00 to $23.00 and set a "hold" rating on the stock in a report on Friday, July 11th. UBS Group started coverage on Graphic Packaging in a report on Wednesday, June 4th. They set a "neutral" rating and a $24.00 price target on the stock. Finally, 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. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $26.38.

Graphic Packaging Stock Up 1.8%

Shares of GPK stock traded up $0.37 on Thursday, reaching $21.08. 2,228,887 shares of the company's stock traded hands, compared to its average volume of 3,151,093. Graphic Packaging Holding Company has a 12-month low of $20.38 and a 12-month high of $30.70. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.56 and a current ratio of 1.43. The company has a market capitalization of $6.25 billion, a P/E ratio of 11.91, a price-to-earnings-growth ratio of 6.98 and a beta of 0.75. The business's 50 day moving average price is $22.29 and its two-hundred day moving average price is $23.40.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. The firm had revenue of $2.20 billion during the quarter, compared to analysts' expectations 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 year.

Graphic Packaging Dividend Announcement

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