DekaBank Deutsche Girozentrale Trims Stock Holdings in Graphic Packaging Holding Company $GPK

DekaBank Deutsche Girozentrale lowered its position in Graphic Packaging Holding Company (NYSE:GPK) by 18.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 676,230 shares of the industrial products company’s stock after selling 155,805 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Graphic Packaging were worth $13,983,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GPK. Caitong International Asset Management Co. Ltd purchased a new stake in Graphic Packaging in the first quarter valued at approximately $28,000. Brooklyn Investment Group lifted its stake in Graphic Packaging by 69.9% in the first quarter. Brooklyn Investment Group now owns 1,065 shares of the industrial products company’s stock valued at $28,000 after buying an additional 438 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in Graphic Packaging in the first quarter valued at approximately $42,000. LRI Investments LLC lifted its stake in Graphic Packaging by 48.3% in the second quarter. LRI Investments LLC now owns 2,073 shares of the industrial products company’s stock valued at $44,000 after buying an additional 675 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new stake in Graphic Packaging in the first quarter valued at approximately $64,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Graphic Packaging Trading Down 1.0%

NYSE:GPK opened at $17.65 on Friday. The stock has a fifty day moving average price of $20.06 and a two-hundred day moving average price of $21.83. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 9.97 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. Graphic Packaging Holding Company has a 1 year low of $16.94 and a 1 year high of $30.70.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations 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. As a group, sell-side analysts anticipate that Graphic Packaging Holding Company will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Monday, September 15th were given a $0.11 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.44 annualized dividend and a yield of 2.5%. Graphic Packaging’s dividend payout ratio is presently 24.86%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Truist Financial reduced their price objective on Graphic Packaging from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Raymond James Financial cut Graphic Packaging from an “outperform” rating to a “market perform” rating in a research note on Friday, October 17th. UBS Group cut their price target on Graphic Packaging from $24.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Bank of America restated a “neutral” rating and set a $24.00 price target on shares of Graphic Packaging in a research note on Thursday, October 9th. Finally, Royal Bank Of Canada cut Graphic Packaging from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $25.00 to $21.00 in a research note on Thursday, October 9th. One research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $23.00.

Insider Buying and Selling at Graphic Packaging

In other Graphic Packaging news, Director Philip R. Martens sold 56,737 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $21.84, for a total value of $1,239,136.08. Following the completion of the transaction, the director owned 33,826 shares in the company, valued at approximately $738,759.84. This represents a 62.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph P. Yost sold 30,000 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $22.72, for a total value of $681,600.00. Following the completion of the sale, the executive vice president directly owned 255,203 shares in the company, valued at $5,798,212.16. This trade represents a 10.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold 93,752 shares of company stock valued at $2,073,663 in the last quarter. 1.41% of the stock is currently owned by company insiders.

Graphic Packaging Company 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.