TD Private Client Wealth LLC Reduces Position in Graphic Packaging Holding Company $GPK

Key Points

• TD Private Client Wealth LLC reduced its position in Graphic Packaging Holding Company by 91.2% in the second quarter, leaving them with only 2,098 shares valued at approximately $44,000.
• In contrast, other investors like Wealth Enhancement Advisory Services LLC boosted their stake in Graphic Packaging by 592.9% during the same period, acquiring an additional 134,910 shares.
• Graphic Packaging recently announced a quarterly dividend of $0.11 per share, which will result in an annualized dividend yield of 2.3% for investors.

TD Private Client Wealth LLC cut its position in shares of Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 91.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,098 shares of the industrial products company's stock after selling 21,844 shares during the period. TD Private Client Wealth LLC's holdings in Graphic Packaging were worth $44,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position in Graphic Packaging by 592.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 157,665 shares of the industrial products company's stock valued at $4,282,000 after buying an additional 134,910 shares during the period. GAMMA Investing LLC boosted its position in Graphic Packaging by 2,086.1% in the 1st quarter. GAMMA Investing LLC now owns 98,025 shares of the industrial products company's stock valued at $2,545,000 after buying an additional 93,541 shares during the period. NBC Securities Inc. boosted its position in Graphic Packaging by 105,982.8% in the 1st quarter. NBC Securities Inc. now owns 30,764 shares of the industrial products company's stock valued at $798,000 after buying an additional 30,735 shares during the period. Merit Financial Group LLC boosted its position 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 buying an additional 512 shares during the period. Finally, E. Ohman J or Asset Management AB boosted its position in Graphic Packaging by 67.8% in the 1st quarter. E. Ohman J or Asset Management AB now owns 109,560 shares of the industrial products company's stock valued at $2,844,000 after buying an additional 44,253 shares during the period. 99.67% of the stock is owned by hedge funds and other institutional investors.

Graphic Packaging Trading Down 0.6%

NYSE GPK opened at $19.29 on Tuesday. The company has a fifty day simple moving average of $21.67 and a two-hundred day simple moving average of $22.73. The stock has a market cap of $5.72 billion, a P/E ratio of 10.90, a P/E/G ratio of 6.59 and a beta of 0.76. Graphic Packaging Holding Company has a 12-month low of $19.05 and a 12-month high of $30.70. 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 posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. The business had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.13 billion. Graphic Packaging had a net margin of 6.18% and a return on equity of 21.13%. Graphic Packaging has set its FY 2025 guidance at 1.900-2.20 EPS. On average, 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 announced a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Monday, September 15th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, September 15th. Graphic Packaging's dividend payout ratio (DPR) is 24.86%.

Insider Buying and Selling at Graphic Packaging

In related news, EVP Joseph P. Yost sold 30,000 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $22.72, for a total transaction 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. This trade represents a 10.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Philip R. Martens sold 56,737 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $21.84, for a total transaction of $1,239,136.08. Following the transaction, the director directly owned 33,826 shares of the company's stock, valued at approximately $738,759.84. This trade represents a 62.65% 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. 1.41% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on GPK shares. UBS Group started coverage on shares of Graphic Packaging in a research report on Wednesday, June 4th. They issued a "neutral" rating and a $24.00 price objective for the company. Truist Financial lowered their price objective on shares of Graphic Packaging from $24.00 to $23.00 and set a "hold" rating for the company in a research report on Friday, July 11th. Bank of America lowered their price objective on shares of Graphic Packaging from $31.00 to $28.00 and set a "buy" rating for the company in a research report on Wednesday, July 9th. BNP Paribas Exane cut shares of Graphic Packaging from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Finally, Royal Bank Of Canada lowered their price target on shares of Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating for the company in a research report on Wednesday, June 18th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $26.00.

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.

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