Truist Financial Corp Sells 76,578 Shares of Graphic Packaging Holding Company $GPK

Key Points

• Truist Financial Corp has reduced its stake in Graphic Packaging Holding Company by 29.6%, selling 76,578 shares, and now holds approximately 182,150 shares valued at $3.84 million.
• Recent analysts' ratings have seen price targets for Graphic Packaging adjusted downward, with Citigroup lowering its price objective from $23.00 to $21.00, and UBS reducing its goal from $24.00 to $20.00.
• The company recently announced a quarterly dividend of $0.11 per share, representing an annual yield of 2.3% with a dividend payout ratio of 24.86%.

Truist Financial Corp lowered its stake in Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 29.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 182,150 shares of the industrial products company's stock after selling 76,578 shares during the quarter. Truist Financial Corp owned about 0.06% of Graphic Packaging worth $3,838,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new stake in Graphic Packaging during the 1st quarter worth approximately $28,000. Brooklyn Investment Group raised its position in shares of Graphic Packaging by 69.9% during the 1st quarter. Brooklyn Investment Group now owns 1,065 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 438 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Graphic Packaging during the 1st quarter valued at $42,000. UMB Bank n.a. raised its holdings in Graphic Packaging by 42.3% during the first quarter. UMB Bank n.a. now owns 2,125 shares of the industrial products company's stock valued at $55,000 after acquiring an additional 632 shares during the period. Finally, Summit Securities Group LLC bought a new stake in Graphic Packaging during the first quarter valued at about $64,000. Institutional investors own 99.67% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on GPK shares. Weiss Ratings reissued a "hold (c-)" rating on shares of Graphic Packaging in a research note on Wednesday. Citigroup reduced their price objective on shares of Graphic Packaging from $23.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday. UBS Group reduced their price objective on shares of Graphic Packaging from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday. Bank of America reduced 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 report on Wednesday, July 9th. Finally, Royal Bank Of Canada reduced their price target on shares of Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating on the stock in a report on Wednesday, June 18th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $24.38.

Graphic Packaging Stock Down 1.1%

NYSE:GPK opened at $18.78 on Thursday. Graphic Packaging Holding Company has a fifty-two week low of $18.76 and a fifty-two week high of $30.70. The stock has a market capitalization of $5.56 billion, a P/E ratio of 10.61, a P/E/G ratio of 6.45 and a beta of 0.74. 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's 50-day simple moving average is $21.13 and its 200-day simple moving average is $22.45.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its earnings results on Tuesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, topping 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 company had revenue of $2.20 billion during 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, equities analysts anticipate that Graphic Packaging Holding Company will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Monday, September 15th were given a dividend of $0.11 per share. The ex-dividend date was Monday, September 15th. This represents a $0.44 dividend on an annualized basis and a yield of 2.3%. Graphic Packaging's dividend payout ratio is currently 24.86%.

Insiders Place Their Bets

In other news, Director Philip R. Martens sold 56,737 shares of the firm's 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 completion of the sale, the director owned 33,826 shares in the company, valued at $738,759.84. This trade represents a 62.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph P. Yost sold 30,000 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $22.72, for a total value of $681,600.00. Following the sale, the executive vice president directly owned 255,203 shares of the company's stock, valued at approximately $5,798,212.16. This trade represents a 10.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,752 shares of company stock valued at $2,073,663 over the last 90 days. 1.41% of the stock is currently owned by company insiders.

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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