On May 19, 2023 at 9:43:04 a.m. ET, an unusually large $34.66,000 block of purchase contracts in Graphic Packaging Holding (GPK) was sold, with a strike price of $30.00/ stock, expiring in 210 day(s) (December 15, 2023).
This trade was first detected on Fintel’s real-time options feed tool, where unusual options trades are highlighted.
What is fund sentiment?
There are 834 funds or institutions reporting positions in Graphic Packaging Holding. This is an increase of 24 owners or 2.96% over the last quarter. Average portfolio weight of all funds dedicated to GPK is 0.38%, an increase of 24.66%. The total number of shares held by institutions has decreased by 4.73% over the past three months to 340,428,000 shares. GPK’s put/call ratio is 0.54, indicating a bullish outlook.
Analyst price forecast suggests 24.29% upside
As of May 11, 2023, Graphic Packaging Holding’s one-year average price target was 31.86. The forecast ranges from a low of 28.28 to a high of $38.85. The average price target represents a 24.29% increase from its last published closing price of 25.63.
Check out our ranking of companies with the biggest upward price target.
Graphic Packaging Holding’s projected annual revenue is 9,715 million, an increase of 0.85%. Projected annual non-GAAP EPS is 2.53.
What are the other shareholders doing?
Fuller & Thaler Asset Management holds 16,304,000 shares representing 5.31% ownership of the company. In its previous filing, the company said it held 16,797,000 shares, representing a decrease of 3.03%. The company increase its portfolio allocation in GPK by 1.00% in the last quarter.
Wellington Management Group Llp holds 12,718,000 shares representing 4.14% ownership of the company. In its previous filing, the company stated that it holds 11,968,000 shares, representing a raise of 5.89%. The company decreases its portfolio allocation in GPK of 83.02% in the last quarter.
UBVLX – Undiscover Managers Behavioral Value Fund Class L holds 11,663,000 shares representing 3.80% ownership of the company. In its previous filing, the company stated that it holds 14,830,000 shares, representing a decrease of 27.16%. The company decreases its portfolio allocation in GPK by 20.74% in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 9,319,000 shares representing 3.03% ownership of the company. In its previous filing, the company said it held 9,179,000 shares, representing a raise 1.50%. The company increase its portfolio allocation in GPK by 5.68% in the last quarter.
Shapiro Capital Management holds 9,300,000 shares representing 3.03% ownership of the company. In its previous filing, the company said it held 8,894,000 shares, representing a raise of 4.37%. The company increase its portfolio allocation in GPK by 14.55% in the last quarter.
Graphic Packaging Holding declares a dividend of $0.10
On February 20, 2023, the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of March 15, 2023 received payment on April 5, 2023. Previously, the company paid $0.08 per share.
At the current share price of $25.63/share, the dividend yield of the stock is 1.56%.
Looking back five years and taking a sample each week, the average dividend yield was 1.91%, the low 1.27% and the high 2.95%. The standard deviation of returns is 0.36 (n=237).
The current dividend yield is 0.97 standard deviations below the historical average.
Additionally, the company’s dividend payout ratio is 0.20. The payout ratio tells us how much of a company’s income is paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above one means the company is dipping into its savings to maintain its dividend, which is not a healthy situation. Companies with little growth prospects should pay most of their income in the form of dividends, which generally means a payout ratio between 0.5 and 1.0. Companies with good growth prospects should retain part of their profits in order to invest in these growth prospects, which translates into a payout ratio of zero to 0.5.
The company’s 3-year dividend growth rate is 0.33%, demonstrating that it has increased its dividend over time.
Graphic packaging containing general information
(This description is provided by the company.)
Graphic Packaging Holding Company, headquartered in Atlanta, Georgia, is committed to providing consumer packaging that makes a difference. The Company is a leading provider of sustainable paper-based packaging solutions for a wide variety of products for food, beverage, restaurant and other consumer products businesses. The Company operates globally, is one of the largest producers of folding cartons and paper-based catering products in the United States, and has leading market positions in recycled paperboard, paperboard unbleached coated kraft and bleached sulphate strong paperboard. The Company’s customers include many of the world’s most recognized companies and brands.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.