Swedbank AB Takes Position in Graphic Packaging Holding Company $GPK

Key Points

• Swedbank AB has acquired 1,000,000 shares of Graphic Packaging Holding Company, valued at approximately $25.96 million, representing 0.33% ownership.
• A recent analyst report from Wells Fargo increased their price target for Graphic Packaging shares from $21.00 to $23.00, while several other firms adjusted their ratings and target prices.
• Graphic Packaging announced a quarterly dividend of $0.11, with a yield of 2.1%, and is set to pay this on October 8th to shareholders of record on September 15th.

Swedbank AB acquired a new position in shares of Graphic Packaging Holding Company (NYSE:GPK - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,000,000 shares of the industrial products company's stock, valued at approximately $25,960,000. Swedbank AB owned about 0.33% of Graphic Packaging as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Concurrent Investment Advisors LLC grew its holdings in shares of Graphic Packaging by 3.6% in the 1st quarter. Concurrent Investment Advisors LLC now owns 11,535 shares of the industrial products company's stock worth $299,000 after acquiring an additional 402 shares during the period. Brooklyn Investment Group grew its stake in Graphic Packaging by 69.9% in the 1st quarter. Brooklyn Investment Group now owns 1,065 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 438 shares during the last quarter. Elevation Point Wealth Partners LLC grew its stake in 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 valued at $306,000 after acquiring an additional 465 shares during the last quarter. Merit Financial Group LLC grew its stake in 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 valued at $220,000 after acquiring an additional 512 shares during the last quarter. Finally, NorthRock Partners LLC grew its stake in Graphic Packaging by 1.9% in the 1st quarter. NorthRock Partners LLC now owns 30,986 shares of the industrial products company's stock valued at $808,000 after acquiring an additional 563 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company's stock.

Wall Street Analyst Weigh In

GPK has been the topic of a number of research reports. Bank of America lowered their price objective on shares of Graphic Packaging from $31.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday, July 9th. BNP Paribas Exane cut shares of Graphic Packaging from an "outperform" rating to a "neutral" rating in a research note on Wednesday, June 25th. Wells Fargo & Company lowered their price objective on shares of Graphic Packaging from $23.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Royal Bank Of Canada decreased their price target on shares of Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating on the stock in a research note on Wednesday, June 18th. Finally, UBS Group assumed coverage on shares of Graphic Packaging in a research note on Wednesday, June 4th. They set a "neutral" rating and a $24.00 price target on the stock. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $26.00.

Insider Activity at Graphic Packaging

In related news, EVP Joseph P. Yost sold 30,000 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president owned 255,203 shares in the company, valued at approximately $5,798,212.16. This trade represents a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Philip R. Martens sold 56,737 shares of Graphic Packaging stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $21.84, for a total transaction of $1,239,136.08. Following the sale, the director owned 33,826 shares in the company, valued at $738,759.84. This represents a 62.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 93,752 shares of company stock worth $2,073,663 in the last 90 days. 1.41% of the stock is currently owned by insiders.

Graphic Packaging Trading Up 0.5%

Shares of GPK traded up $0.11 during mid-day trading on Thursday, hitting $20.11. The company had a trading volume of 790,679 shares, compared to its average volume of 3,165,671. The business's 50-day simple moving average is $22.14 and its 200-day simple moving average is $23.18. The company has a quick ratio of 0.56, a current ratio of 1.43 and a debt-to-equity ratio of 1.68. Graphic Packaging Holding Company has a 1-year low of $19.87 and a 1-year high of $30.70. The stock has a market cap of $5.96 billion, a PE ratio of 11.36, a P/E/G ratio of 6.91 and a beta of 0.75.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its earnings results on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. Graphic Packaging had a net margin of 6.18% and a return on equity of 21.13%. The business 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. Sell-side analysts forecast that Graphic Packaging Holding Company will post 2.47 earnings per share for the current year.

Graphic Packaging Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Monday, September 15th will be issued a $0.11 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.44 annualized dividend and a yield of 2.2%. 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.