Public Employees Retirement System of Ohio Buys Shares of 83,239 Graphic Packaging Holding Company $GPK

by · The Markets Daily

Public Employees Retirement System of Ohio purchased a new stake in shares of Graphic Packaging Holding Company (NYSE:GPK – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 83,239 shares of the industrial products company’s stock, valued at approximately $880,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new position in shares of Graphic Packaging in the 2nd quarter worth approximately $175,000. Corient Private Wealth LP bought a new stake in Graphic Packaging during the second quarter valued at approximately $1,081,000. Bank of America Corp DE purchased a new stake in Graphic Packaging during the second quarter valued at approximately $45,266,000. Man Group plc bought a new position in Graphic Packaging in the second quarter worth approximately $12,143,000. Finally, Jupiter Topco LLC purchased a new position in shares of Graphic Packaging during the 2nd quarter worth $1,399,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Graphic Packaging Trading Down 3.9%

Shares of GPK stock opened at $9.51 on Thursday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.60 and a current ratio of 1.38. The stock has a fifty day simple moving average of $11.07 and a two-hundred day simple moving average of $10.57. The firm has a market capitalization of $2.81 billion, a PE ratio of 14.40 and a beta of 0.65. Graphic Packaging Holding Company has a 52-week low of $8.78 and a 52-week high of $21.24.

Graphic Packaging (NYSE:GPK – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.18 billion. Graphic Packaging had a return on equity of 9.95% and a net margin of 2.25%.The business’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 earnings per share. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. On average, analysts predict that Graphic Packaging Holding Company will post 0.72 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.44 dividend on an annualized basis and a yield of 4.6%. Graphic Packaging’s payout ratio is currently 66.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GPK. Wells Fargo & Company boosted their price objective on shares of Graphic Packaging from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Wednesday, August 5th. Bank of America initiated coverage on Graphic Packaging in a report on Tuesday, July 14th. They set a “neutral” rating and a $12.00 price target for the company. JPMorgan Chase & Co. assumed coverage on Graphic Packaging in a research note on Monday, June 29th. They issued a “neutral” rating and a $11.70 price objective on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Graphic Packaging in a research report on Wednesday, June 24th. Finally, UBS Group boosted their price objective on Graphic Packaging from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Nine investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $11.14.

View Our Latest Stock Report on Graphic Packaging

About Graphic Packaging

(Free Report)

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.

Further Reading

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