Hunter Perkins Capital Management LLC Sells 49,307 Shares of Graphic Packaging Holding Company $GPK

by · The Cerbat Gem

Hunter Perkins Capital Management LLC lowered its holdings in shares of Graphic Packaging Holding Company (NYSE:GPK – Free Report) by 10.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 434,988 shares of the industrial products company’s stock after selling 49,307 shares during the period. Graphic Packaging makes up 1.9% of Hunter Perkins Capital Management LLC’s investment portfolio, making the stock its 17th largest holding. Hunter Perkins Capital Management LLC’s holdings in Graphic Packaging were worth $8,560,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GPK. Transce3nd LLC lifted its holdings in shares of Graphic Packaging by 8.4% during the second quarter. Transce3nd LLC now owns 6,443 shares of the industrial products company’s stock valued at $136,000 after purchasing an additional 500 shares during the last quarter. Elevation Point Wealth Partners LLC grew its stake in shares of Graphic Packaging by 4.3% in the 2nd quarter. Elevation Point Wealth Partners LLC now owns 12,280 shares of the industrial products company’s stock worth $259,000 after buying an additional 510 shares during the last quarter. NewEdge Advisors LLC increased its position in Graphic Packaging by 3.0% during the 2nd quarter. NewEdge Advisors LLC now owns 18,379 shares of the industrial products company’s stock valued at $387,000 after buying an additional 539 shares in the last quarter. ProShare Advisors LLC raised its stake in Graphic Packaging by 4.6% during the second quarter. ProShare Advisors LLC now owns 13,379 shares of the industrial products company’s stock valued at $282,000 after buying an additional 588 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in Graphic Packaging by 0.9% in the second quarter. Thrivent Financial for Lutherans now owns 71,049 shares of the industrial products company’s stock worth $1,497,000 after acquiring an additional 660 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

Graphic Packaging Stock Performance

Shares of NYSE GPK opened at $15.12 on Thursday. The firm’s 50-day moving average price is $16.08 and its 200-day moving average price is $19.48. Graphic Packaging Holding Company has a 52-week low of $13.93 and a 52-week high of $28.62. The company has a market cap of $4.46 billion, a PE ratio of 8.89 and a beta of 0.65. The company has a quick ratio of 0.63, a current ratio of 1.54 and a debt-to-equity ratio of 1.67.

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

Graphic Packaging Announces Dividend

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

Analyst Ratings Changes

GPK has been the subject of several analyst reports. Citigroup reduced their price target on Graphic Packaging from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Zacks Research upgraded shares of Graphic Packaging from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. Raymond James Financial cut shares of Graphic Packaging from an “outperform” rating to a “market perform” rating in a report on Friday, October 17th. Truist Financial cut their price target on shares of Graphic Packaging from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Finally, UBS Group decreased their price objective on shares of Graphic Packaging from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.13.

Check Out Our Latest Research Report on Graphic Packaging

About Graphic Packaging

(Free Report)

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.

Further Reading

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