Exchange Traded Concepts LLC Has $735,000 Stock Position in Graphic Packaging Holding Company $GPK

Exchange Traded Concepts LLC lifted its stake in shares of Graphic Packaging Holding Company (NYSE:GPK) by 1,288.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,560 shares of the industrial products company’s stock after buying an additional 34,854 shares during the period. Exchange Traded Concepts LLC’s holdings in Graphic Packaging were worth $735,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. grew its position in Graphic Packaging by 19.1% during the 2nd quarter. American Century Companies Inc. now owns 22,022,347 shares of the industrial products company’s stock worth $464,011,000 after acquiring an additional 3,533,846 shares during the last quarter. Norges Bank acquired a new position in shares of Graphic Packaging in the second quarter valued at approximately $55,632,000. Allspring Global Investments Holdings LLC raised its holdings in Graphic Packaging by 7.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 17,636,296 shares of the industrial products company’s stock valued at $385,353,000 after buying an additional 1,264,922 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Graphic Packaging by 11.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,570,040 shares of the industrial products company’s stock worth $243,781,000 after buying an additional 1,218,848 shares during the period. Finally, Swedbank AB acquired a new stake in Graphic Packaging during the 1st quarter worth approximately $25,960,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Graphic Packaging from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. Zacks Research raised Graphic Packaging from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 16th. Citigroup cut their target price on Graphic Packaging from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. UBS Group decreased their price target on Graphic Packaging from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Finally, Truist Financial lowered their price objective on Graphic Packaging from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday, October 13th. 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 stock. According to MarketBeat, Graphic Packaging presently has an average rating of “Hold” and a consensus target price of $20.13.

Graphic Packaging Stock Performance

Shares of Graphic Packaging stock opened at $15.23 on Tuesday. The business has a 50-day moving average price of $15.95 and a two-hundred day moving average price of $19.32. Graphic Packaging Holding Company has a 1-year low of $13.93 and a 1-year high of $28.62. 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 market cap of $4.49 billion, a P/E ratio of 8.96 and a beta of 0.65.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Graphic Packaging had a return on equity of 19.98% and a net margin of 5.94%.The company 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. As a group, analysts anticipate 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. Stockholders of record on Monday, December 15th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.44 annualized dividend and a dividend yield of 2.9%. Graphic Packaging’s dividend payout ratio (DPR) is 25.88%.

Graphic Packaging Company Profile

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.