Graphic Packaging Holding Company $GPK Stake Lessened by Nemes Rush Group LLC

Nemes Rush Group LLC trimmed its stake in shares of Graphic Packaging Holding Company (NYSE:GPK) by 70.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,811 shares of the industrial products company’s stock after selling 63,752 shares during the quarter. Nemes Rush Group LLC’s holdings in Graphic Packaging were worth $525,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Transce3nd LLC grew its position in shares of Graphic Packaging by 8.4% in the 2nd quarter. Transce3nd LLC now owns 6,443 shares of the industrial products company’s stock worth $136,000 after acquiring an additional 500 shares in the last quarter. Elevation Point Wealth Partners LLC lifted its position 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 boosted its holdings in shares of Graphic Packaging by 3.0% in 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 during the period. ProShare Advisors LLC grew its position in shares of Graphic Packaging by 4.6% during the 2nd 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 grew its position 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 valued at $1,497,000 after buying an additional 660 shares during the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GPK. UBS Group decreased their target price on Graphic Packaging from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Monday, January 12th. Truist Financial set a $14.00 price target on Graphic Packaging in a research report on Wednesday, February 4th. Citigroup reduced their price objective on Graphic Packaging from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Robert W. Baird set a $15.00 target price on Graphic Packaging in a research report on Wednesday, February 4th. Finally, Wells Fargo & Company cut their target price on Graphic Packaging from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 4th. Eight research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $16.63.

Graphic Packaging Price Performance

Shares of NYSE GPK opened at $10.50 on Wednesday. Graphic Packaging Holding Company has a twelve month low of $10.31 and a twelve month high of $27.82. The company has a current ratio of 1.30, a quick ratio of 0.52 and a debt-to-equity ratio of 1.50. The firm has a 50-day moving average of $13.67 and a two-hundred day moving average of $16.27. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 7.09 and a beta of 0.65.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Monday, March 2nd. The industrial products company reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of $2.10 billion for the quarter. Graphic Packaging had a net margin of 5.15% and a return on equity of 16.58%. As a group, analysts expect that Graphic Packaging Holding Company will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Sunday, March 15th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Friday, March 13th. Graphic Packaging’s payout ratio is presently 29.73%.

Insider Activity

In related news, CEO Robbert Rietbroek bought 44,278 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were bought at an average cost of $11.32 per share, with a total value of $501,226.96. Following the completion of the transaction, the chief executive officer directly owned 44,278 shares of the company’s stock, valued at approximately $501,226.96. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.41% of the stock is owned by company insiders.

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.