Titan Global Capital Management USA LLC Cuts Position in Graphic Packaging Holding Company $GPK

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

Several other hedge funds also recently bought and sold shares of GPK. Bragg Financial Advisors Inc boosted its position in shares of Graphic Packaging by 1.7% during the first quarter. Bragg Financial Advisors Inc now owns 298,571 shares of the industrial products company's stock worth $7,751,000 after buying an additional 4,976 shares during the period. Crossingbridge Advisors LLC boosted its holdings in Graphic Packaging by 25.0% during the 1st quarter. Crossingbridge Advisors LLC now owns 50,000 shares of the industrial products company's stock valued at $1,306,000 after acquiring an additional 10,000 shares during the period. EntryPoint Capital LLC acquired a new position in Graphic Packaging in the 1st quarter valued at about $285,000. Quantbot Technologies LP increased its stake in Graphic Packaging by 106.2% during the first quarter. Quantbot Technologies LP now owns 37,311 shares of the industrial products company's stock worth $969,000 after purchasing an additional 19,219 shares during the period. Finally, Aptus Capital Advisors LLC lifted its position in shares of Graphic Packaging by 13.7% during the first quarter. Aptus Capital Advisors LLC now owns 231,126 shares of the industrial products company's stock worth $6,000,000 after purchasing an additional 27,846 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company's stock.

Graphic Packaging Stock Down 0.3%

Graphic Packaging stock traded down $0.08 during mid-day trading on Wednesday, hitting $22.32. The company had a trading volume of 1,027,446 shares, compared to its average volume of 3,080,398. 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 $20.86 and a 1 year high of $30.70. The business has a fifty day moving average of $22.26 and a 200 day moving average of $23.78. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 7.72 and a beta of 0.73.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its earnings results on Tuesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, beating analysts' consensus estimates 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. On average, sell-side analysts expect that Graphic Packaging Holding Company will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging announced that its Board of Directors has authorized a share buyback plan on Thursday, May 1st that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the industrial products company to reacquire up to 23.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 5th. Stockholders of record on Monday, September 15th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.0%. Graphic Packaging's payout ratio is presently 24.86%.

Insider Activity at Graphic Packaging

In other 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 owned 26,811 shares of the company's stock, valued at $584,479.80. The trade was a 20.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction 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 disclosure for this sale can be found here. Insiders have sold 93,752 shares of company stock valued at $2,073,663 in the last 90 days. Company insiders own 1.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GPK shares. Bank of America dropped their price objective 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. Truist Financial dropped their price target on shares of Graphic Packaging from $24.00 to $23.00 and set a "hold" rating for the company in a research note on Friday, July 11th. Royal Bank Of Canada reduced their price objective on Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating on the stock in a research note on Wednesday, June 18th. Raymond James Financial reiterated an "outperform" rating and issued a $26.00 target price (down from $30.00) on shares of Graphic Packaging in a report on Friday, May 2nd. Finally, BNP Paribas Exane downgraded Graphic Packaging from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $26.38.

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.