BlackRock Fund Advisors has recently announced that it has increased stake in Graphic Packaging Holding Co (NYSE:GPK) by 0.78%. After grabbing 24.81 million shares, the institutional investor is now in possession of 0.19 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 8.11% having worth around $562.44 million. Moreover, Wellington Management Co. LLP increased its share by 0.63 million to have a control over 12.68 million shares. And Fuller & Thaler Asset Management, raised its holdings to 1.14 million shares by acquiring 12.21 million shares or 3.99% of the stake.
Graphic Packaging Holding Co (GPK) concluded trading on 12/21/23 at a closing price of $24.50, with 1.71 million shares of worth about $41.92 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.81% during that period and on Thursday the price saw a loss of about -0.33%. Currently the company’s common shares owned by public are about 307.12M shares, out of which, 302.38M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 10 analysts are covering the GPK stock and their offered price forecasts bring an average price target of $27.67. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $33.00 and could fall to a lowest price of $19.00. The stock’s current price level is 11.46% above of average price target set by the analysts, while a rise to estimated low would result in loss of -28.95% for the stock. However, touching the estimated high of $33.00 would mean a gain of 25.76% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 32 times over the past 12 months. They bought 969,368 shares in 17 of the transactions. In 15 selling transactions, insiders dumped 636,063 shares.
Government Pension Fund – Global, Vanguard Total Stock Market ETF, and iShares Core S&P Mid Cap ETF are the top 3 mutual funds which are holding stakes in Graphic Packaging Holding Co Government Pension Fund – Global is currently holding 9.73 million shares of worth totaling $220.52 million. The company recently came selling -4.24 million shares which brought its stake up to 3.18% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 14824.0 shares, after which its hold over company’s outstanding shares expand to 3.14%, leaving 9.6 million shares with the mutual fund that have a worth of about $217.65 million. iShares Core S&P Mid Cap ETF, after buying 9.48 million shares, have now control over 3.10% of the stake in the company. It holds 1681.0 shares of worth $214.83 million.
Graphic Packaging Holding Co (NYSE: GPK) started trading at $24.70, above $0.12 from concluding price of the previous day. However, the stock later moved at a day high price of 24.74, or with a loss of -0.33%. Stock saw a price change of -0.69% in past 5 days and over the past one month there was a price change of 8.74%. Year-to-date (YTD), GPK shares are showing a performance of 10.11% which increased to 14.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $20.07 but also hit the highest price of $27.56 during that period. The average intraday trading volume for Graphic Packaging Holding Co shares is 3.07 million. The stock is currently trading 4.71% above its 20-day simple moving average (SMA20), while that difference is up 10.15% for SMA50 and it goes to 4.21% higher than SMA200.
BlackRock Fund Advisors acquired 24.81 million shares of Graphic Packaging Holding Co having value of about $562.44 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.19 million shares in the company valued at close to $4721860.5, or have control over 0.78% stake in the company. Graphic Packaging Holding Co (NYSE: GPK) currently have 307.12M outstanding shares and institutions hold larger chunk of about 103.55% of that. Holding of mutual funds in the company is about 40.35% while other institutional holders and individual stake holders have control over 63.63% and 40.09% of the stake respectively.
The stock has a current market capitalization of $7.50B and its 3Y-monthly beta is at 0.87. PE ratio of stock for trailing 12 months is 11.10, while it has posted earnings per share of $2.21 in the same period. Its PEG reads 0.44 and has Quick Ratio of 0.46 while making debt-to-equity ratio of 2.20. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GPK, volatility over the week remained 2.16% while standing at 2.27% over the month.
Analysts are in expectations that Graphic Packaging Holding Co (GPK) stock would likely to be making an EPS of $0.7 in the current quarter, while forecast for next quarter EPS is $0.67 and it is $2.72 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.62 which is $0.78 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.59 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 22.22% while it is estimated to decrease by -3.82% in next year. EPS is likely to grow at an annualized rate of 25.00% for next 5-years, compared to annual growth of 11.93% made by the stock over the past 5-years.
Analysts at 10 brokerage firms have issued recommendations for the Graphic Packaging Holding Co (GPK)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.90. Out of those 10 Wall Street analysts, 6 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
