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

Graypoint LLC trimmed its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 20.7% during the fourth quarter, Holdings Channel reports. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in GPK. UMB Bank n.a. lifted its stake in Graphic Packaging by 546.6% in the third quarter. UMB Bank n.a. now owns 944 shares of the industrial products company’s stock valued at $28,000 after buying an additional 798 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of Graphic Packaging in the 3rd quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new stake in Graphic Packaging in the 3rd quarter valued at about $73,000. GAMMA Investing LLC grew its position in Graphic Packaging by 57.0% in the 3rd quarter. GAMMA Investing LLC now owns 4,308 shares of the industrial products company’s stock worth $127,000 after purchasing an additional 1,564 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its stake in shares of Graphic Packaging by 29.0% in the third quarter. TD Private Client Wealth LLC now owns 5,130 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 1,153 shares during the period. Institutional investors own 99.67% of the company’s stock.

Insider Activity at Graphic Packaging

In other news, EVP Michael James Farrell sold 25,900 shares of the stock in a transaction 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 owns 81,026 shares in the company, valued at $2,348,943.74. This represents a 24.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Charles D. Lischer sold 12,000 shares of Graphic Packaging stock in a transaction 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 transaction, the chief accounting officer now owns 49,849 shares in the company, valued at $1,478,022.85. This represents a 19.40 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on GPK shares. Wells Fargo & Company raised Graphic Packaging from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $24.00 to $27.00 in a report on Monday, January 6th. Citigroup reissued a “neutral” rating and set a $30.00 price target (down from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Royal Bank of Canada lowered their target price on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Finally, Truist Financial upped their price target on shares of Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Graphic Packaging currently has a consensus rating of “Hold” and an average target price of $32.37.

Graphic Packaging Price Performance

Shares of NYSE GPK opened at $26.21 on Friday. The firm has a 50-day moving average of $28.41 and a two-hundred day moving average of $28.51. The company has a market capitalization 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 current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78. Graphic Packaging Holding has a twelve month low of $23.47 and a twelve month high of $30.70.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share 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 the consensus estimate of $2.27 billion. Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The company’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 earnings per share. As a group, analysts expect that Graphic Packaging Holding will post 2.52 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th were issued 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 is 17.09%.

About Graphic Packaging

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.