New York State Common Retirement Fund Acquires 61,500 Shares of Graphic Packaging Holding Company $GPK

New York State Common Retirement Fund lifted its stake in shares of Graphic Packaging Holding Company (NYSE:GPK) by 54.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 174,260 shares of the industrial products company’s stock after acquiring an additional 61,500 shares during the period. New York State Common Retirement Fund’s holdings in Graphic Packaging were worth $3,672,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group lifted its stake in shares of 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 in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Graphic Packaging during the 1st quarter worth approximately $28,000. Bessemer Group Inc. boosted its stake in shares of Graphic Packaging by 130.7% in the 2nd quarter. Bessemer Group Inc. now owns 1,382 shares of the industrial products company’s stock worth $29,000 after buying an additional 783 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Graphic Packaging by 1,356.1% in the second quarter. Hantz Financial Services Inc. now owns 1,791 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 1,668 shares in the last quarter. Finally, LRI Investments LLC increased its position in shares of Graphic Packaging by 48.3% during the second quarter. LRI Investments LLC now owns 2,073 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 675 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

Graphic Packaging Stock Up 1.2%

GPK opened at $15.99 on Monday. Graphic Packaging Holding Company has a 12 month low of $14.90 and a 12 month high of $30.23. The company has a market cap of $4.72 billion, a PE ratio of 9.40 and a beta of 0.65. The company has a current ratio of 1.54, a quick ratio of 0.63 and a debt-to-equity ratio of 1.67. The company has a 50 day moving average of $16.95 and a 200 day moving average of $20.11.

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

Graphic Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Monday, December 15th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.44 dividend on an annualized basis and a yield of 2.8%. Graphic Packaging’s dividend payout ratio is 25.88%.

Analyst Ratings Changes

Several research analysts have weighed in on GPK shares. Raymond James Financial cut Graphic Packaging from an “outperform” rating to a “market perform” rating in a research report on Friday, October 17th. Truist Financial reduced their price target on shares of Graphic Packaging from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Zacks Research downgraded shares of Graphic Packaging from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. Royal Bank Of Canada cut shares of Graphic Packaging from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $25.00 to $21.00 in a research note on Thursday, October 9th. Finally, 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. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Graphic Packaging has an average rating of “Reduce” and an average price target of $22.63.

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.