Eminence Capital LP Sells 400,391 Shares of Graphic Packaging Holding Company $GPK

Eminence Capital LP lessened its stake in shares of Graphic Packaging Holding Company (NYSE:GPK) by 12.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,890,037 shares of the industrial products company’s stock after selling 400,391 shares during the period. Eminence Capital LP owned 0.98% of Graphic Packaging worth $60,893,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Townsquare Capital LLC lifted its position in shares of Graphic Packaging by 16.0% in the first quarter. Townsquare Capital LLC now owns 41,509 shares of the industrial products company’s stock worth $1,078,000 after buying an additional 5,728 shares in the last quarter. Nuveen LLC bought a new stake in Graphic Packaging in the 1st quarter worth approximately $16,017,000. Caitong International Asset Management Co. Ltd bought a new stake in Graphic Packaging in the 1st quarter worth approximately $28,000. Dimensional Fund Advisors LP raised its holdings in shares of Graphic Packaging by 14.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,890,782 shares of the industrial products company’s stock worth $204,844,000 after acquiring an additional 1,018,017 shares in the last quarter. Finally, Brandywine Global Investment Management LLC boosted its position in shares of Graphic Packaging by 8.2% during the 1st quarter. Brandywine Global Investment Management LLC now owns 366,486 shares of the industrial products company’s stock valued at $9,514,000 after acquiring an additional 27,929 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Citigroup reduced their price target on shares of Graphic Packaging from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Graphic Packaging in a report on Monday. UBS Group decreased their target price on shares of Graphic Packaging from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Wells Fargo & Company dropped their price target on 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. Finally, Bank of America reissued a “neutral” rating and set a $24.00 price objective on shares of Graphic Packaging in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Graphic Packaging currently has an average rating of “Reduce” and a consensus price target of $20.13.

Graphic Packaging Stock Up 0.8%

Shares of NYSE GPK opened at $15.54 on Friday. Graphic Packaging Holding Company has a 1 year low of $13.93 and a 1 year high of $29.56. The firm has a 50-day simple moving average of $16.52 and a two-hundred day simple moving average of $19.89. The company has a market cap of $4.59 billion, a P/E ratio of 9.14 and a beta of 0.65. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.54 and a quick ratio of 0.63.

Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, November 4th. The industrial products company reported $0.58 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 firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Graphic Packaging has set its FY 2025 guidance at 1.800-2.000 EPS. Research analysts anticipate that Graphic Packaging Holding Company will post 2.47 earnings per share for the current year.

Graphic Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Monday, December 15th will be paid a $0.11 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.44 dividend on an annualized basis and a yield of 2.8%. Graphic Packaging’s dividend payout ratio (DPR) is presently 25.88%.

Graphic Packaging Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.