Graphic Packaging Holding (NYSE:GPK) Shares Sold by Graypoint LLC

Graypoint LLC trimmed its holdings in Graphic Packaging Holding (NYSE:GPK) by 20.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,812 shares of the industrial products company’s stock after selling 3,342 shares during the period. Graypoint LLC’s holdings in Graphic Packaging were worth $348,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in shares of Graphic Packaging by 8.0% in the third quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company’s stock worth $313,957,000 after acquiring an additional 787,266 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Graphic Packaging in the 3rd quarter valued at $2,292,000. Franklin Resources Inc. grew its stake in shares of Graphic Packaging by 28.0% during the 3rd quarter. Franklin Resources Inc. now owns 408,831 shares of the industrial products company’s stock valued at $12,069,000 after buying an additional 89,339 shares during the period. Tidal Investments LLC increased its holdings in shares of Graphic Packaging by 75.0% during the 3rd quarter. Tidal Investments LLC now owns 48,090 shares of the industrial products company’s stock worth $1,423,000 after buying an additional 20,604 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Graphic Packaging in the 3rd quarter worth $73,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on GPK. StockNews.com lowered Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Citigroup restated a “neutral” rating and issued a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Wells Fargo & Company upgraded shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $24.00 to $27.00 in a research note on Monday, January 6th. Truist Financial raised their target price on shares of Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada lowered their price target on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $32.37.

Insider Buying and Selling

In other news, EVP Michael James Farrell sold 25,900 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total value of $750,841.00. Following the completion of the sale, the executive vice president now directly owns 81,026 shares in the company, valued at approximately $2,348,943.74. The trade was a 24.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Charles D. Lischer sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $29.65, for a total value of $355,800.00. Following the sale, the chief accounting officer now directly owns 49,849 shares in the company, valued at approximately $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.

Graphic Packaging Price Performance

GPK opened at $26.21 on Friday. Graphic Packaging Holding has a twelve month low of $23.47 and a twelve month high of $30.70. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 11.42 and a beta of 0.85. The company has a fifty day simple moving average of $28.41 and a 200 day simple moving average of $28.51.

Graphic Packaging (NYSE:GPK) last announced 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). The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The firm’s revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 earnings per share. Equities research analysts expect that Graphic Packaging Holding will post 2.52 EPS for the current fiscal year.

Graphic Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Friday, December 13th. Graphic Packaging’s dividend payout ratio (DPR) is currently 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.