Hunter Perkins Capital Management LLC Sells 15,505 Shares of Graphic Packaging Holding (NYSE:GPK)

Hunter Perkins Capital Management LLC reduced its position in shares of Graphic Packaging Holding (NYSE:GPK) by 2.6% in the 4th quarter, Holdings Channel reports. The firm owned 571,302 shares of the industrial products company’s stock after selling 15,505 shares during the period. Graphic Packaging accounts for approximately 3.3% of Hunter Perkins Capital Management LLC’s holdings, making the stock its 7th largest position. Hunter Perkins Capital Management LLC’s holdings in Graphic Packaging were worth $15,552,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of Montreal Can grew its holdings in shares of Graphic Packaging by 6.6% during the 2nd quarter. Bank of Montreal Can now owns 42,916 shares of the industrial products company’s stock valued at $1,170,000 after purchasing an additional 2,663 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in Graphic Packaging in the second quarter valued at approximately $853,000. Algert Global LLC bought a new stake in shares of Graphic Packaging during the second quarter worth $811,000. Nemes Rush Group LLC increased its holdings in shares of Graphic Packaging by 7.6% during the second quarter. Nemes Rush Group LLC now owns 83,548 shares of the industrial products company’s stock worth $2,190,000 after buying an additional 5,885 shares in the last quarter. Finally, Creative Planning boosted its holdings in shares of Graphic Packaging by 14.8% during the 2nd quarter. Creative Planning now owns 11,082 shares of the industrial products company’s stock valued at $290,000 after acquiring an additional 1,432 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of the 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 transaction, the executive vice president now owns 81,026 shares in the company, valued at approximately $2,348,943.74. This represents a 24.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $29.65, for a total value of $355,800.00. Following the transaction, the chief accounting officer now directly owns 49,849 shares in the company, valued at $1,478,022.85. The trade was a 19.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Graphic Packaging Stock Performance

Shares of Graphic Packaging stock opened at $27.31 on Monday. The company has a market cap of $8.20 billion, a P/E ratio of 11.67 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. The business has a 50-day moving average price of $28.19 and a two-hundred day moving average price of $28.65. Graphic Packaging Holding has a 1-year low of $23.47 and a 1-year 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 during 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 revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 earnings per share. As a group, analysts anticipate that Graphic Packaging Holding will post 2.53 EPS for the current year.

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, January 5th. Investors of record on Sunday, December 15th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Friday, December 13th. Graphic Packaging’s dividend payout ratio is presently 17.09%.

Analyst Upgrades and Downgrades

GPK has been the subject of a number of recent research reports. Citigroup reaffirmed a “neutral” rating and issued a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Royal Bank of Canada dropped their price objective 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. Truist Financial raised their target price on Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Wells Fargo & Company upgraded Graphic Packaging from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $24.00 to $27.00 in a research report on Monday, January 6th. Finally, StockNews.com downgraded Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Graphic Packaging currently has a consensus rating of “Hold” and a consensus price target of $32.37.

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.