Texas Permanent School Fund Corp Raises Stake in Graphic Packaging Holding Company $GPK

Texas Permanent School Fund Corp lifted its stake in shares of Graphic Packaging Holding Company (NYSE:GPK) by 48.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 234,885 shares of the industrial products company’s stock after purchasing an additional 76,226 shares during the quarter. Texas Permanent School Fund Corp owned about 0.08% of Graphic Packaging worth $4,949,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. American Century Companies Inc. boosted its holdings in Graphic Packaging by 19.1% during the second quarter. American Century Companies Inc. now owns 22,022,347 shares of the industrial products company’s stock worth $464,011,000 after buying an additional 3,533,846 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Graphic Packaging by 7.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 17,636,296 shares of the industrial products company’s stock valued at $385,353,000 after buying an additional 1,264,922 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Graphic Packaging by 11.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,570,040 shares of the industrial products company’s stock valued at $243,781,000 after acquiring an additional 1,218,848 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Graphic Packaging by 2.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,673,157 shares of the industrial products company’s stock worth $182,743,000 after acquiring an additional 177,990 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Graphic Packaging by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 5,670,434 shares of the industrial products company’s stock worth $119,494,000 after acquiring an additional 17,827 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Stock Up 1.0%

GPK opened at $15.53 on Thursday. The firm has a market cap of $4.58 billion, a P/E ratio of 9.14 and a beta of 0.65. The business’s fifty day simple moving average is $16.31 and its 200 day simple moving average is $19.72. Graphic Packaging Holding Company has a 52 week low of $13.93 and a 52 week high of $29.13. The company has a quick ratio of 0.63, a current ratio of 1.54 and a debt-to-equity ratio of 1.67.

Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, November 4th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Graphic Packaging had a net margin of 5.94% and a return on equity of 19.98%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.17 billion. Graphic Packaging has set its FY 2025 guidance at 1.800-2.000 EPS. As a group, equities research analysts anticipate that Graphic Packaging Holding Company will post 2.47 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Monday, December 15th will be given a dividend of $0.11 per share. 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 25.88%.

Analyst Upgrades and Downgrades

GPK has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Graphic Packaging in a research report on Monday. Raymond James Financial cut Graphic Packaging from an “outperform” rating to a “market perform” rating in a research report on Friday, October 17th. Truist Financial decreased their price objective on shares of Graphic Packaging from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Bank of America reissued a “neutral” rating and issued a $24.00 price objective on shares of Graphic Packaging in a research note on Thursday, October 9th. Finally, UBS Group cut their target price on shares of Graphic Packaging from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $20.13.

Graphic Packaging Company 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.