XTX Topco Ltd Takes Position in Graphic Packaging Holding (NYSE:GPK)

XTX Topco Ltd acquired a new stake in shares of Graphic Packaging Holding (NYSE:GPK) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 35,399 shares of the industrial products company’s stock, valued at approximately $928,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Securities Inc. purchased a new position in shares of Graphic Packaging in the fourth quarter valued at $26,000. Rise Advisors LLC purchased a new position in shares of Graphic Packaging in the first quarter valued at $26,000. OLD Point Trust & Financial Services N A purchased a new position in shares of Graphic Packaging in the fourth quarter valued at $27,000. LRI Investments LLC purchased a new position in shares of Graphic Packaging in the first quarter valued at $38,000. Finally, GAMMA Investing LLC grew its holdings in shares of Graphic Packaging by 46.3% in the second quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 868 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GPK has been the subject of a number of recent research reports. Stifel Nicolaus initiated coverage on shares of Graphic Packaging in a report on Tuesday, July 9th. They issued a “buy” rating and a $35.20 target price for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $35.00 price objective on shares of Graphic Packaging in a research note on Wednesday, September 4th. Citigroup dropped their price objective on shares of Graphic Packaging from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, July 8th. StockNews.com raised shares of Graphic Packaging from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.15.

Graphic Packaging Stock Down 1.3 %

Shares of GPK opened at $30.11 on Friday. The firm has a market capitalization of $9.25 billion, a P/E ratio of 13.62, a P/E/G ratio of 5.12 and a beta of 0.83. Graphic Packaging Holding has a 12-month low of $20.07 and a 12-month high of $30.66. The company has a current ratio of 1.45, a quick ratio of 0.58 and a debt-to-equity ratio of 1.75. The firm has a fifty day moving average price of $28.81 and a 200-day moving average price of $27.96.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.27 billion. Graphic Packaging had a net margin of 7.93% and a return on equity of 30.74%. The business’s revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 earnings per share. Equities research analysts expect that Graphic Packaging Holding will post 2.66 earnings per share for the current year.

Graphic Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 5th. Investors of record on Sunday, September 15th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.40 annualized dividend and a dividend yield of 1.33%. Graphic Packaging’s payout ratio is currently 18.10%.

Insider Activity at Graphic Packaging

In related news, CEO Michael P. Doss sold 86,374 shares of Graphic Packaging stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $28.05, for a total value of $2,422,790.70. Following the completion of the sale, the chief executive officer now directly owns 2,123,202 shares in the company, valued at $59,555,816.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Michael P. Doss sold 49,183 shares of Graphic Packaging stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $27.91, for a total value of $1,372,697.53. Following the completion of the sale, the chief executive officer now directly owns 1,909,576 shares in the company, valued at $53,296,266.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael P. Doss sold 86,374 shares of Graphic Packaging stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $28.05, for a total value of $2,422,790.70. Following the completion of the sale, the chief executive officer now owns 2,123,202 shares of the company’s stock, valued at $59,555,816.10. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

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.