BlackRock Updates Passive Stake in Graphic Packaging Holding Co.

TL;DR

**BlackRock just updated its passive stake in Graphic Packaging, watch for market reaction.**

AI Summary

BlackRock Inc. filed an amended Schedule 13G/A on January 8, 2024, indicating its ownership of Common Stock in Graphic Packaging Holding Company as of December 31, 2023. This filing updates BlackRock's passive investment stake in the paperboard containers and boxes company. For investors, this matters because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in the company's future prospects, potentially influencing other investors.

Why It Matters

This filing shows BlackRock's updated position in Graphic Packaging, providing transparency on a significant institutional investor's stake, which can influence market perception and trading decisions.

Risk Assessment

Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.

Analyst Insight

Investors should note BlackRock's continued presence as a significant, passive shareholder, but this filing alone doesn't suggest a need for immediate action. It's a routine disclosure of an institutional holding.

Key Players & Entities

• BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
• Graphic Packaging Holding Company (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 8, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• BlackRock will maintain a passive investment strategy in Graphic Packaging Holding Company. (BlackRock Inc.) — high confidence, target: 2025-01-08

FAQ

From the Filing

0001086364-24-000171.txt : 20240108 0001086364-24-000171.hdr.sgml : 20240108 20240108163539 ACCESSION NUMBER: 0001086364-24-000171 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240108 DATE AS OF CHANGE: 20240108 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GRAPHIC PACKAGING HOLDING CO CENTRAL INDEX KEY: 0001408075 STANDARD INDUSTRIAL CLASSIFICATION: PAPERBOARD CONTAINERS & BOXES [2650] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 260405422 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83906 FILM NUMBER: 24520604 BUSINESS ADDRESS: STREET 1: 1500 RIVEREDGE PARKWAY STREET 2: SUITE100 CITY: ATLANTA STATE: GA ZIP: 30328 BUSINESS PHONE: (770) 240-7200 MAIL ADDRESS: STREET 1: 1500 RIVEREDGE PARKWAY STREET 2: SUITE100 CITY: ATLANTA STATE: GA ZIP: 30328 FORMER COMPANY: FORMER CONFORMED NAME: New Giant CORP DATE OF NAME CHANGE: 20070726 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us3886891015_010824.txt us3886891015_010824.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 1) GRAPHIC PACKAGING HOLDING COMPANY -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 388689101 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 388689101 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 30589850 (6) Shared voting power 0 (7) Sole dispositive power 31375699 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 31375699 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 10.3% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- GRAPHIC PACKAGING HOLDING COMPANY Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 1500 RIVEREDGE PARKWAY SUITE 100 ATLANTA GA 30328 Item 2. 2(a) Name of person filing: ---------------