Graphic Packaging Holding Company $GPK Holdings Lowered by Titan Global Capital Management USA LLC

Key Points

• Titan Global Capital Management USA LLC reduced its stake in Graphic Packaging Holding Company by 27.7%, selling 29,551 shares and holding 77,175 shares valued at approximately $2 million.
• Several hedge funds modified their holdings, with key actions including new positions from Caitong International and Wayfinding Financial, leading institutional investors to own 99.67% of the company's stock.
• Graphic Packaging announced a quarterly dividend of $0.11 per share, with a dividend yield of 1.9%, alongside a stock repurchase plan authorizing up to $1.5 billion in buybacks.

Titan Global Capital Management USA LLC trimmed its position in shares of Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 27.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,175 shares of the industrial products company's stock after selling 29,551 shares during the period. Titan Global Capital Management USA LLC's holdings in Graphic Packaging were worth $2,003,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GPK. Caitong International Asset Management Co. Ltd acquired a new position in Graphic Packaging during the 1st quarter worth $28,000. Brooklyn Investment Group grew its holdings in Graphic Packaging by 69.9% during 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 in the last quarter. Wayfinding Financial LLC acquired a new position in Graphic Packaging during the 1st quarter worth $42,000. UMB Bank n.a. grew its holdings in Graphic Packaging by 42.3% during the 1st quarter. UMB Bank n.a. now owns 2,125 shares of the industrial products company's stock worth $55,000 after acquiring an additional 632 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in Graphic Packaging during the 1st quarter worth $64,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Truist Financial decreased their price objective on shares of Graphic Packaging from $24.00 to $23.00 and set a "hold" rating for the company in a report on Friday, July 11th. Raymond James Financial reissued an "outperform" rating and set a $26.00 price objective (down from $30.00) on shares of Graphic Packaging in a report on Friday, May 2nd. Wells Fargo & Company lifted their price target on shares of Graphic Packaging from $21.00 to $23.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Royal Bank Of Canada decreased their price target on shares of Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating for the company in a report on Wednesday, June 18th. Finally, Bank of America decreased their price target on shares of Graphic Packaging from $31.00 to $28.00 and set a "buy" rating for the company in a report on Wednesday, July 9th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Graphic Packaging presently has an average rating of "Hold" and a consensus target price of $26.38.

Insiders Place Their Bets

In related news, Director Philip R. Martens sold 7,015 shares of Graphic Packaging stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $21.80, for a total value of $152,927.00. Following the sale, the director directly owned 26,811 shares in the company, valued at $584,479.80. This trade represents a 20.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.41% of the stock is currently owned by corporate insiders.

Graphic Packaging Stock Performance

Shares of NYSE GPK traded down $0.34 during midday trading on Tuesday, hitting $22.39. The company's stock had a trading volume of 2,448,064 shares, compared to its average volume of 3,093,733. The firm has a market cap of $6.63 billion, a P/E ratio of 12.65, a P/E/G ratio of 7.83 and a beta of 0.73. The firm's fifty day moving average price is $22.24 and its 200-day moving average price is $23.79. Graphic Packaging Holding Company has a 1-year low of $20.86 and a 1-year 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.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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, sell-side analysts forecast that Graphic Packaging Holding Company will post 2.47 EPS for the current fiscal year.

Graphic Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 5th. Investors of record on Monday, September 15th will be given a $0.11 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.44 annualized dividend and a yield of 2.0%. Graphic Packaging's dividend payout ratio (DPR) is currently 24.86%.

Graphic Packaging announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 1st that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the industrial products company to purchase up to 23.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Graphic Packaging Company 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.