UniSuper Management Pty Ltd Has $2.80 Million Position in Graphic Packaging Holding Company $GPK

UniSuper Management Pty Ltd trimmed its stake in Graphic Packaging Holding Company (NYSE:GPK) by 31.5% in the third quarter, HoldingsChannel.com reports. The firm owned 143,163 shares of the industrial products company’s stock after selling 65,877 shares during the period. UniSuper Management Pty Ltd’s holdings in Graphic Packaging were worth $2,802,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in shares of Graphic Packaging by 19.1% in the 2nd quarter. American Century Companies Inc. now owns 22,022,347 shares of the industrial products company’s stock valued at $464,011,000 after acquiring an additional 3,533,846 shares in the last quarter. Norges Bank acquired a new position in shares of Graphic Packaging during the second quarter valued at about $55,632,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Graphic Packaging by 8.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,138,977 shares of the industrial products company’s stock worth $374,550,000 after acquiring an additional 1,502,681 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Graphic Packaging by 11.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,570,040 shares of the industrial products company’s stock valued at $243,781,000 after acquiring an additional 1,218,848 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Graphic Packaging by 28.8% during the 2nd quarter. Invesco Ltd. now owns 2,130,941 shares of the industrial products company’s stock valued at $44,899,000 after purchasing an additional 477,085 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Graphic Packaging Stock Performance

NYSE:GPK opened at $15.22 on Tuesday. Graphic Packaging Holding Company has a 1 year low of $13.93 and a 1 year high of $28.34. The business has a fifty day simple moving average of $15.46 and a two-hundred day simple moving average of $18.44. The company has a market capitalization of $4.49 billion, a P/E ratio of 8.95 and a beta of 0.64. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.54 and a quick ratio of 0.63.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.17 billion. Graphic Packaging had a return on equity of 19.98% and a net margin of 5.94%.Graphic Packaging has set its FY 2025 guidance at 1.800-2.000 EPS. On average, analysts expect that Graphic Packaging Holding Company will post 2.47 earnings per share for the current year.

Graphic Packaging Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Monday, December 15th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.44 annualized dividend and a yield of 2.9%. Graphic Packaging’s payout ratio is 25.88%.

Analysts Set New Price Targets

Several brokerages recently issued reports on GPK. Zacks Research cut Graphic Packaging from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Citigroup reduced their target price on shares of Graphic Packaging from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, January 6th. UBS Group dropped their price target on shares of Graphic Packaging from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. Robert W. Baird lowered shares of Graphic Packaging from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Finally, Truist Financial cut their target price on Graphic Packaging from $20.00 to $18.00 and set a “hold” rating on the stock in a research note on Tuesday, January 6th. Eight research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $18.38.

Graphic Packaging Company Profile

Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.

Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.