Advocate Group LLC Purchases 40,466 Shares of Graphic Packaging Holding Company $GPK

Advocate Group LLC grew its stake in Graphic Packaging Holding Company (NYSE:GPK) by 16.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 290,184 shares of the industrial products company’s stock after purchasing an additional 40,466 shares during the period. Advocate Group LLC’s holdings in Graphic Packaging were worth $6,114,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group grew its stake in shares of Graphic Packaging by 69.9% in 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. Caitong International Asset Management Co. Ltd bought a new stake in shares of Graphic Packaging in the 1st quarter valued at approximately $28,000. Wayfinding Financial LLC bought a new stake in shares of Graphic Packaging in the 1st quarter valued at approximately $42,000. UMB Bank n.a. grew its stake in shares of Graphic Packaging by 42.3% in the 1st quarter. UMB Bank n.a. now owns 2,125 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 632 shares during the period. Finally, Summit Securities Group LLC bought a new stake in shares of Graphic Packaging in the 1st quarter valued at approximately $64,000. 99.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GPK has been the topic of several analyst reports. Royal Bank Of Canada lowered Graphic Packaging from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $25.00 to $21.00 in a research note on Thursday. UBS Group decreased their price target on Graphic Packaging from $24.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Wells Fargo & Company decreased their price target on Graphic Packaging from $23.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 17th. BNP Paribas Exane lowered Graphic Packaging from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 25th. Finally, Bank of America restated a “neutral” rating and set a $24.00 price target on shares of Graphic Packaging in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $23.38.

Insiders Place Their Bets

In related news, Director Philip R. Martens sold 56,737 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $21.84, for a total transaction of $1,239,136.08. Following the sale, the director owned 33,826 shares of the company’s stock, valued at approximately $738,759.84. This trade represents a 62.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 in the company, valued at $5,798,212.16. The trade was a 10.52% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 93,752 shares of company stock worth $2,073,663. 1.41% of the stock is currently owned by company insiders.

Graphic Packaging Stock Down 3.4%

Shares of GPK opened at $17.51 on Friday. The business’s fifty day moving average price is $20.97 and its two-hundred day moving average price is $22.33. 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 firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 6.02 and a beta of 0.74. Graphic Packaging Holding Company has a 52 week low of $17.48 and a 52 week high of $30.70.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.13 billion. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%. Graphic Packaging has set its FY 2025 guidance at 1.900-2.20 EPS. On average, analysts predict that Graphic Packaging Holding Company will post 2.47 earnings per share for the current year.

Graphic Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Monday, September 15th were paid a $0.11 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.5%. Graphic Packaging’s dividend payout ratio is 24.86%.

Graphic Packaging 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.