Wilmington Savings Fund Society FSB Invests $73,000 in Graphic Packaging Holding (NYSE:GPK)

Wilmington Savings Fund Society FSB bought a new position in shares of Graphic Packaging Holding (NYSE:GPK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,459 shares of the industrial products company’s stock, valued at approximately $73,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Hsbc Holdings PLC raised its holdings in Graphic Packaging by 268.7% during the second quarter. Hsbc Holdings PLC now owns 51,261 shares of the industrial products company’s stock worth $1,350,000 after purchasing an additional 37,358 shares in the last quarter. XTX Topco Ltd acquired a new stake in Graphic Packaging during the 2nd quarter worth $928,000. Raymond James & Associates raised its stake in Graphic Packaging by 23.9% during the 3rd quarter. Raymond James & Associates now owns 707,969 shares of the industrial products company’s stock worth $20,949,000 after acquiring an additional 136,342 shares in the last quarter. Private Advisor Group LLC lifted its position in Graphic Packaging by 26.1% in the third quarter. Private Advisor Group LLC now owns 27,575 shares of the industrial products company’s stock valued at $816,000 after acquiring an additional 5,699 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in Graphic Packaging in the second quarter valued at $524,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Insider Buying and Selling

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total value of $750,841.00. Following the transaction, the executive vice president now directly owns 81,026 shares in the company, valued at approximately $2,348,943.74. This represents a 24.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Charles D. Lischer sold 12,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $29.65, for a total transaction of $355,800.00. Following the sale, the chief accounting officer now directly owns 49,849 shares in the company, valued at $1,478,022.85. This represents a 19.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

GPK has been the topic of a number of research reports. StockNews.com downgraded Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Truist Financial cut shares of Graphic Packaging from a “buy” rating to a “hold” rating and cut their target price for the company from $32.00 to $30.00 in a report on Wednesday, October 30th. Finally, Royal Bank of Canada decreased their price target on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $31.53.

Graphic Packaging Price Performance

Graphic Packaging stock opened at $26.79 on Friday. The business has a 50 day simple moving average of $29.13 and a 200-day simple moving average of $28.56. Graphic Packaging Holding has a 12 month low of $23.47 and a 12 month high of $30.70. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72. The stock has a market capitalization of $8.04 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 11.42 and a beta of 0.83.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the company posted $0.74 earnings per share. The business’s quarterly revenue was down 5.7% on a year-over-year basis. Equities analysts predict that Graphic Packaging Holding will post 2.52 earnings per share for the current year.

Graphic Packaging Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.49%. Graphic Packaging’s payout ratio is 17.09%.

Graphic Packaging Company 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.