Graphic Packaging Holding (NYSE:GPK) Shares Sold by Xponance Inc.

Xponance Inc. cut its holdings in Graphic Packaging Holding (NYSE:GPK - Free Report) by 37.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,569 shares of the industrial products company's stock after selling 20,149 shares during the quarter. Xponance Inc.'s holdings in Graphic Packaging were worth $880,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. 1832 Asset Management L.P. raised its stake in Graphic Packaging by 1.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 32,827 shares of the industrial products company's stock valued at $860,000 after purchasing an additional 369 shares during the last quarter. Graypoint LLC lifted its stake in shares of Graphic Packaging by 2.4% during the second quarter. Graypoint LLC now owns 17,473 shares of the industrial products company's stock valued at $458,000 after buying an additional 402 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in Graphic Packaging by 0.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 54,259 shares of the industrial products company's stock worth $1,422,000 after acquiring an additional 406 shares during the last quarter. Fiduciary Family Office LLC grew its stake in Graphic Packaging by 2.6% in the 2nd quarter. Fiduciary Family Office LLC now owns 16,811 shares of the industrial products company's stock worth $441,000 after acquiring an additional 423 shares during the period. Finally, Raleigh Capital Management Inc. raised its holdings in Graphic Packaging by 5.5% in the 4th quarter. Raleigh Capital Management Inc. now owns 8,420 shares of the industrial products company's stock valued at $208,000 after acquiring an additional 436 shares during the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Michael P. Doss sold 49,183 shares of Graphic Packaging stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $27.91, for a total transaction of $1,372,697.53. Following the sale, the chief executive officer now directly owns 1,909,576 shares of the company's stock, valued at $53,296,266.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Michael P. Doss sold 49,183 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $27.91, for a total transaction of $1,372,697.53. Following the completion of the sale, the chief executive officer now owns 1,909,576 shares of the company's stock, valued at $53,296,266.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael P. Doss sold 86,374 shares of Graphic Packaging stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $28.05, for a total transaction of $2,422,790.70. Following the completion of the sale, the chief executive officer now owns 2,123,202 shares of the company's stock, valued at approximately $59,555,816.10. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Truist Financial reaffirmed a "buy" rating and issued a $35.00 price objective (up previously from $33.00) on shares of Graphic Packaging in a research report on Wednesday, July 31st. Royal Bank of Canada reaffirmed an "outperform" rating and set a $35.00 price objective on shares of Graphic Packaging in a research note on Wednesday, September 4th. Robert W. Baird raised their target price on shares of Graphic Packaging from $30.00 to $36.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Stifel Nicolaus started coverage on shares of Graphic Packaging in a research report on Tuesday, July 9th. They set a "buy" rating and a $35.20 price target for the company. Finally, StockNews.com upgraded shares of Graphic Packaging from a "hold" rating to a "buy" rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $31.15.

Graphic Packaging Trading Down 0.2 %

Shares of GPK stock traded down $0.05 during mid-day trading on Friday, reaching $29.50. The company's stock had a trading volume of 1,523,143 shares, compared to its average volume of 2,540,749. The company's 50 day simple moving average is $28.95 and its 200-day simple moving average is $28.03. The company has a quick ratio of 0.58, a current ratio of 1.45 and a debt-to-equity ratio of 1.75. Graphic Packaging Holding has a 12-month low of $20.07 and a 12-month high of $30.66. The firm has a market capitalization of $9.07 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 5.13 and a beta of 0.83.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.04. The company had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.27 billion. Graphic Packaging had a return on equity of 30.74% and a net margin of 7.93%. The firm's quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 earnings per share. On average, research analysts predict that Graphic Packaging Holding will post 2.66 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 5th. Stockholders of record on Sunday, September 15th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, September 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.36%. Graphic Packaging's dividend payout ratio is currently 18.10%.

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.