Cibc World Market Inc. Sells 82,359 Shares of Graphic Packaging Holding Company $GPK

Cibc World Market Inc. cut its stake in shares of Graphic Packaging Holding Company (NYSE:GPK) by 85.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,764 shares of the industrial products company’s stock after selling 82,359 shares during the quarter. Cibc World Market Inc.’s holdings in Graphic Packaging were worth $269,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Transce3nd LLC raised its stake in shares of Graphic Packaging by 8.4% during the 2nd quarter. Transce3nd LLC now owns 6,443 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 500 shares in the last quarter. Elevation Point Wealth Partners LLC increased its position in Graphic Packaging by 4.3% during the second 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 raised its stake in Graphic Packaging by 3.0% in the second 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 during the period. ProShare Advisors LLC lifted its position in shares of Graphic Packaging by 4.6% in 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 stake in shares of Graphic Packaging by 0.9% during the 2nd 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 during the period. 99.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on GPK. Citigroup decreased their price objective on shares of Graphic Packaging from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Graphic Packaging in a research note on Monday, December 29th. Truist Financial set a $14.00 price target on Graphic Packaging in a research note on Wednesday, February 4th. Zacks Research lowered Graphic Packaging from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 14th. Finally, Robert W. Baird set a $15.00 target price on Graphic Packaging in a report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $16.63.

Graphic Packaging Stock Down 1.3%

Shares of NYSE GPK opened at $12.92 on Friday. Graphic Packaging Holding Company has a 52 week low of $11.83 and a 52 week high of $28.19. The stock’s fifty day moving average is $14.63 and its 200 day moving average is $17.35. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.52 and a current ratio of 1.30. The stock has a market capitalization of $3.81 billion, a P/E ratio of 8.73 and a beta of 0.62.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.05). The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. Graphic Packaging had a return on equity of 16.58% and a net margin of 5.15%.The company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 earnings per share. Graphic Packaging has set its FY 2026 guidance at 0.750-1.15 EPS. Sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Monday, December 15th were paid a dividend of $0.11 per share. The ex-dividend date was Monday, December 15th. This represents a $0.44 annualized dividend and a yield of 3.4%. Graphic Packaging’s dividend payout ratio is presently 29.73%.

About Graphic Packaging

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.