Hsbc Holdings PLC Buys Shares of 592,968 Graphic Packaging Holding Company $GPK

Hsbc Holdings PLC bought a new stake in shares of Graphic Packaging Holding Company (NYSE:GPK) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 592,968 shares of the industrial products company’s stock, valued at approximately $6,279,000. Hsbc Holdings PLC owned about 0.20% of Graphic Packaging as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of GPK. AQR Capital Management LLC boosted its holdings in Graphic Packaging by 36.6% during the 1st quarter. AQR Capital Management LLC now owns 171,608 shares of the industrial products company’s stock valued at $4,453,000 after acquiring an additional 45,944 shares during the period. Goldman Sachs Group Inc. increased its stake in Graphic Packaging by 9.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,471,519 shares of the industrial products company’s stock worth $38,201,000 after purchasing an additional 132,692 shares during the period. Invesco Ltd. lifted its position in shares of Graphic Packaging by 28.8% during the second quarter. Invesco Ltd. now owns 2,130,941 shares of the industrial products company’s stock worth $44,899,000 after purchasing an additional 477,085 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Graphic Packaging by 3.6% during the second quarter. First Trust Advisors LP now owns 1,002,964 shares of the industrial products company’s stock valued at $21,133,000 after purchasing an additional 34,790 shares during the period. Finally, Bank of Nova Scotia purchased a new stake in shares of Graphic Packaging during the second quarter valued at $357,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Graphic Packaging Stock Up 1.9%

NYSE:GPK opened at $11.55 on Friday. Graphic Packaging Holding Company has a 1-year low of $8.78 and a 1-year high of $22.42. The company has a 50-day moving average of $11.09 and a 200 day moving average of $10.71. The firm has a market cap of $3.42 billion, a PE ratio of 17.50 and a beta of 0.66. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.38 and a quick ratio of 0.60.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. Graphic Packaging had a net margin of 2.25% and a return on equity of 9.95%. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the prior year, the business earned $0.42 EPS. The firm’s quarterly revenue was down .7% on a year-over-year basis. 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 fiscal year.

Graphic Packaging Dividend Announcement

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 dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 15th. Graphic Packaging’s dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analysts Forecast Growth

GPK has been the topic of several recent analyst reports. Bank of America assumed coverage on shares of Graphic Packaging in a research note on Tuesday, July 14th. They issued a “neutral” rating and a $12.00 price target on the stock. 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. Weiss Ratings restated a “sell (d+)” rating on shares of Graphic Packaging in a research note on Wednesday, June 24th. Citigroup raised their target price on shares of Graphic Packaging from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. assumed coverage on Graphic Packaging in a report on Monday, June 29th. They issued a “neutral” rating and a $11.70 price target for the company. Nine investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average 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.