11,075 Shares in Graphic Packaging Holding (NYSE:GPK) Bought by Advisor Resource Council

Advisor Resource Council acquired a new stake in Graphic Packaging Holding (NYSE:GPK) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,075 shares of the industrial products company’s stock, valued at approximately $328,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GPK. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Graphic Packaging by 43.1% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 202,727 shares of the industrial products company’s stock valued at $5,916,000 after acquiring an additional 61,102 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Graphic Packaging by 3.9% during the first quarter. Janney Montgomery Scott LLC now owns 145,391 shares of the industrial products company’s stock worth $4,243,000 after purchasing an additional 5,473 shares during the period. Texas Permanent School Fund Corp grew its position in Graphic Packaging by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 267,854 shares of the industrial products company’s stock valued at $7,816,000 after buying an additional 3,503 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Graphic Packaging by 12.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 27,259 shares of the industrial products company’s stock worth $795,000 after buying an additional 2,962 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of Graphic Packaging in the 1st quarter worth $6,970,000. 99.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Graphic Packaging

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total transaction of $750,841.00. Following the transaction, the executive vice president now directly owns 81,026 shares in the company, valued at $2,348,943.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Royal Bank of Canada cut their price target on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Wells Fargo & Company increased their price target on shares of Graphic Packaging from $21.00 to $24.00 and gave the company an “underweight” rating in a research report on Wednesday, July 31st. Truist Financial downgraded Graphic Packaging from a “buy” rating to a “hold” rating and cut their price objective for the stock from $32.00 to $30.00 in a research report on Wednesday, October 30th. Finally, Robert W. Baird increased their target price on Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.53.

Graphic Packaging Stock Up 0.0 %

Shares of NYSE:GPK opened at $29.05 on Friday. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 10.81 and a beta of 0.83. The company has a 50 day moving average of $29.28 and a two-hundred day moving average of $28.22. Graphic Packaging Holding has a 52-week low of $21.25 and a 52-week high of $30.70. The company has a quick ratio of 0.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.78.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.04). Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. The firm’s revenue was down 5.7% on a year-over-year basis. As a group, analysts forecast that Graphic Packaging Holding will post 2.52 earnings per share for the current fiscal year.

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.