Graphic Packaging Holding Company $GPK Shares Purchased by Eminence Capital LP

Eminence Capital LP grew its holdings in shares of Graphic Packaging Holding Company (NYSE:GPK) by 164.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,648,135 shares of the industrial products company’s stock after purchasing an additional 4,758,098 shares during the quarter. Graphic Packaging makes up about 1.8% of Eminence Capital LP’s portfolio, making the stock its 22nd biggest holding. Eminence Capital LP owned approximately 2.59% of Graphic Packaging worth $149,674,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GPK. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Graphic Packaging in the third quarter worth about $31,000. Operose Advisors LLC acquired a new stake in Graphic Packaging in the 2nd quarter valued at about $42,000. Global Retirement Partners LLC lifted its stake in Graphic Packaging by 65.2% in the 3rd quarter. Global Retirement Partners LLC now owns 2,291 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 904 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Graphic Packaging during the 3rd quarter worth approximately $49,000. Finally, State of Wyoming boosted its holdings in shares of Graphic Packaging by 96.1% during the 2nd quarter. State of Wyoming now owns 3,527 shares of the industrial products company’s stock worth $74,000 after purchasing an additional 1,728 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GPK has been the subject of several recent research reports. Royal Bank Of Canada set a $13.00 price target on Graphic Packaging in a report on Wednesday, February 4th. Robert W. Baird set a $15.00 target price on Graphic Packaging in a report on Wednesday, February 4th. Citigroup reduced their price target on 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 reissued a “sell (d+)” rating on shares of Graphic Packaging in a research note on Monday, December 29th. Finally, UBS Group decreased their price target on Graphic Packaging from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Monday, January 12th. Eight research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $16.63.

Graphic Packaging Price Performance

GPK stock opened at $9.73 on Friday. The business’s fifty day moving average price is $13.36 and its 200 day moving average price is $16.05. Graphic Packaging Holding Company has a 12-month low of $9.57 and a 12-month high of $26.51. 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 company has a market capitalization of $2.88 billion, a PE ratio of 6.57 and a beta of 0.65.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Monday, March 2nd. The industrial products company reported $0.24 EPS for the quarter. The company had revenue of $2.10 billion during the quarter. Graphic Packaging had a return on equity of 16.58% and a net margin of 5.15%. On average, sell-side analysts anticipate that Graphic Packaging Holding Company will post 2.47 EPS for the current year.

Graphic Packaging Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, March 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.5%. Graphic Packaging’s payout ratio is 29.73%.

Insiders Place Their Bets

In other Graphic Packaging news, CEO Robbert Rietbroek bought 44,278 shares of Graphic Packaging stock in a transaction on Wednesday, March 4th. The shares were bought at an average cost of $11.32 per share, for a total transaction of $501,226.96. Following the acquisition, the chief executive officer directly owned 44,278 shares in the company, valued at $501,226.96. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.41% of the stock is currently owned by insiders.

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.