Graphic Packaging Holding Company $GPK Shares Purchased by Eminence Capital LP

Eminence Capital LP raised its stake in Graphic Packaging Holding Company (NYSE:GPK) by 164.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,648,135 shares of the industrial products company’s stock after purchasing an additional 4,758,098 shares during the period. Graphic Packaging comprises 1.8% of Eminence Capital LP’s investment portfolio, making the stock its 22nd biggest position. Eminence Capital LP’s holdings in Graphic Packaging were worth $149,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Brevan Howard Capital Management LP raised its holdings in Graphic Packaging by 171.4% in the third quarter. Brevan Howard Capital Management LP now owns 153,808 shares of the industrial products company’s stock valued at $3,010,000 after acquiring an additional 97,131 shares in the last quarter. Bridgefront Capital LLC purchased a new stake in shares of Graphic Packaging in the 3rd quarter valued at approximately $566,000. California Public Employees Retirement System raised its holdings in shares of Graphic Packaging by 21.0% in the 3rd quarter. California Public Employees Retirement System now owns 525,930 shares of the industrial products company’s stock valued at $10,292,000 after purchasing an additional 91,369 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Graphic Packaging by 18.3% in the 3rd quarter. Bank of America Corp DE now owns 3,637,081 shares of the industrial products company’s stock valued at $71,178,000 after purchasing an additional 563,508 shares in the last quarter. Finally, Bank of Nova Scotia lifted its position in shares of Graphic Packaging by 6.3% during the 3rd quarter. Bank of Nova Scotia now owns 18,029 shares of the industrial products company’s stock worth $353,000 after purchasing an additional 1,071 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Insider Activity

In related news, CEO Robbert Rietbroek purchased 44,278 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was acquired at an average price of $11.32 per share, for a total transaction of $501,226.96. Following the completion of the purchase, the chief executive officer directly owned 44,278 shares of the company’s stock, valued at $501,226.96. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on GPK shares. Robert W. Baird set a $15.00 target price on Graphic Packaging in a report on Wednesday, February 4th. Truist Financial set a $14.00 price objective on Graphic Packaging in a research report on Wednesday, February 4th. UBS Group dropped their price objective on Graphic Packaging from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Monday, January 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Graphic Packaging in a research report on Monday, December 29th. Finally, Wells Fargo & Company lowered their price target on Graphic Packaging from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Wednesday, February 4th. Eight analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $16.63.

Graphic Packaging Trading Down 1.0%

NYSE GPK opened at $9.73 on Friday. The firm’s fifty day moving average is $13.36 and its two-hundred day moving average is $16.05. Graphic Packaging Holding Company has a one year low of $9.57 and a one year high of $26.51. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.52 and a current ratio of 1.30. The firm has a market cap of $2.88 billion, a PE ratio of 6.57 and a beta of 0.65.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings results on Monday, March 2nd. The industrial products company reported $0.24 earnings per share (EPS) for the quarter. The firm had revenue of $2.10 billion for the quarter. Graphic Packaging had a return on equity of 16.58% and a net margin of 5.15%. Analysts expect that Graphic Packaging Holding Company will post 2.47 earnings per share for the current year.

Graphic Packaging Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Sunday, March 15th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, March 13th. Graphic Packaging’s dividend payout ratio (DPR) is 29.73%.

Graphic Packaging 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.