210,308 Shares in Graphic Packaging Holding Company $GPK Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new position in Graphic Packaging Holding Company (NYSE:GPK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 210,308 shares of the industrial products company’s stock, valued at approximately $2,223,000.

A number of other institutional investors have also recently bought and sold shares of the business. Manning & Napier Advisors LLC purchased a new stake in shares of Graphic Packaging during the 2nd quarter valued at $88,094,000. Algert Global LLC boosted its holdings in shares of Graphic Packaging by 12.3% in the 2nd quarter. Algert Global LLC now owns 1,747,261 shares of the industrial products company’s stock worth $18,469,000 after buying an additional 190,834 shares during the last quarter. Asset One Wealth Management LLC purchased a new position in shares of Graphic Packaging in the 2nd quarter worth about $165,000. Sanctuary Advisors LLC bought a new position in Graphic Packaging during the second quarter valued at about $216,000. Finally, Clear Harbor Asset Management LLC bought a new position in Graphic Packaging during the second quarter valued at about $181,000. Institutional investors own 99.67% of the company’s stock.

Graphic Packaging Trading Up 1.3%

Shares of Graphic Packaging stock opened at $10.99 on Thursday. Graphic Packaging Holding Company has a 52-week low of $8.78 and a 52-week high of $21.93. The stock’s 50-day simple moving average is $11.12 and its 200 day simple moving average is $10.66. The stock has a market capitalization of $3.25 billion, a P/E ratio of 16.65 and a beta of 0.65. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.60 and a current ratio of 1.38.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.18 billion. Graphic Packaging had a net margin of 2.25% and a return on equity of 9.95%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the business earned $0.42 earnings per share. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. As a group, research analysts anticipate that Graphic Packaging Holding Company will post 0.71 EPS for the current year.

Graphic Packaging Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 4.0%. Graphic Packaging’s dividend payout ratio (DPR) is 66.67%.

Wall Street Analyst Weigh In

Several analysts have commented on GPK shares. JPMorgan Chase & Co. assumed coverage on shares of Graphic Packaging in a research report on Monday, June 29th. They issued a “neutral” rating and a $11.70 price objective on the stock. UBS Group increased their target price on shares of Graphic Packaging from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Robert W. Baird set a $13.00 price target on shares of Graphic Packaging in a research note on Wednesday, May 6th. Citigroup raised their price target on shares of Graphic Packaging from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Wells Fargo & Company lifted their price target on shares of Graphic Packaging from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. Nine investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $11.14.

Graphic Packaging 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.