Graphic Packaging Holding Company $GPK Position Lowered by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its position in shares of Graphic Packaging Holding Company (NYSE:GPK) by 7.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,004,664 shares of the industrial products company’s stock after selling 1,507,937 shares during the period. Allspring Global Investments Holdings LLC owned about 0.06% of Graphic Packaging worth $172,665,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in shares of Graphic Packaging by 14.1% in the 1st quarter. Bank of New York Mellon Corp now owns 2,032,482 shares of the industrial products company’s stock valued at $20,203,000 after buying an additional 251,792 shares during the period. Sanctuary Advisors LLC lifted its holdings in Graphic Packaging by 667.5% in the first quarter. Sanctuary Advisors LLC now owns 121,133 shares of the industrial products company’s stock worth $1,204,000 after acquiring an additional 105,351 shares during the last quarter. State of Michigan Retirement System boosted its stake in Graphic Packaging by 1.9% in the first quarter. State of Michigan Retirement System now owns 71,000 shares of the industrial products company’s stock valued at $706,000 after acquiring an additional 1,300 shares during the period. Chicago Partners Investment Group LLC boosted its stake in Graphic Packaging by 64.6% in the first quarter. Chicago Partners Investment Group LLC now owns 20,730 shares of the industrial products company’s stock valued at $192,000 after acquiring an additional 8,135 shares during the period. Finally, J. Safra Sarasin Holding AG bought a new position in shares of Graphic Packaging during the first quarter valued at approximately $319,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Stock Up 6.0%

Graphic Packaging stock opened at $11.13 on Friday. Graphic Packaging Holding Company has a 52 week low of $8.78 and a 52 week high of $23.76. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 12.10 and a beta of 0.66. The company’s 50-day moving average price is $10.51 and its two-hundred day moving average price is $11.46. The company has a current ratio of 1.41, a quick ratio of 0.59 and a debt-to-equity ratio of 1.60.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. Graphic Packaging had a net margin of 3.17% and a return on equity of 12.62%. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period last year, the firm posted $0.51 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. Graphic Packaging has set its FY 2026 guidance at 0.750-1.150 EPS. On average, analysts expect that Graphic Packaging Holding Company will post 0.76 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 15th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Monday, June 15th. Graphic Packaging’s dividend payout ratio (DPR) is presently 47.83%.

Analyst Upgrades and Downgrades

GPK has been the topic of a number of research reports. Citigroup increased their price target on Graphic Packaging from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Robert W. Baird set a $13.00 price objective on Graphic Packaging in a research note on Wednesday, May 6th. Wells Fargo & Company increased their target price on Graphic Packaging from $8.00 to $9.00 and gave the stock an “underweight” rating in a research report on Wednesday. JPMorgan Chase & Co. initiated coverage on Graphic Packaging in a research note on Monday, June 29th. They issued a “neutral” rating and a $11.70 target price on the stock. Finally, Royal Bank Of Canada reduced their price target on shares of Graphic Packaging from $13.00 to $10.00 and set a “sector perform” rating for the company in a report on Friday, March 20th. Nine equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $11.03.

Insider Transactions at Graphic Packaging

In other news, Director Jeffrey Stafeil purchased 17,878 shares of the stock in a transaction dated Thursday, May 7th. The shares were bought at an average cost of $11.19 per share, for a total transaction of $200,054.82. Following the transaction, the director owned 17,878 shares in the company, valued at $200,054.82. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

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.