By otakuyassine3@gmail.com 
Geode Capital Management LLC trimmed its position in Graphic Packaging Holding (NYSE:GPK – Free Report) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,005,217 shares of the industrial products company’s stock after selling 58,257 shares during the quarter. Geode Capital Management LLC owned about 1.67% of Graphic Packaging worth $148,143,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in shares of Graphic Packaging by 546.6% in the third quarter. UMB Bank n.a. now owns 944 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 798 shares in the last quarter. Truvestments Capital LLC purchased a new stake in Graphic Packaging in the 3rd quarter worth $30,000. Atlas Capital Advisors LLC bought a new stake in Graphic Packaging during the second quarter valued at about $88,000. GAMMA Investing LLC lifted its position in shares of Graphic Packaging by 57.0% in the third quarter. GAMMA Investing LLC now owns 4,308 shares of the industrial products company’s stock valued at $127,000 after acquiring an additional 1,564 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Graphic Packaging by 13.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,816 shares of the industrial products company’s stock worth $152,000 after acquiring an additional 699 shares during the period. Institutional investors own 99.67% of the company’s stock.
Insider Activity
In related news, CAO Charles D. Lischer sold 12,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $1,478,022.85. This represents a 19.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael James Farrell sold 25,900 shares of the business’s stock in a transaction that occurred on 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 owns 81,026 shares of the company’s stock, valued at $2,348,943.74. This trade represents a 24.22 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Graphic Packaging Trading Down 1.2 %
GPK stock opened at $29.02 on Tuesday. The firm has a fifty day moving average price of $29.23 and a 200 day moving average price of $28.58. Graphic Packaging Holding has a fifty-two week low of $23.47 and a fifty-two week high of $30.70. The firm has a market cap of $8.71 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 11.42 and a beta of 0.83. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.72 and a current ratio of 1.73.
Graphic Packaging (NYSE:GPK – Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.64 EPS 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 analysts’ expectations of $2.27 billion. Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The business’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 earnings per share. Sell-side analysts anticipate that Graphic Packaging Holding will post 2.52 earnings per share for the current fiscal year.
Graphic Packaging Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 5th. Shareholders of record on Sunday, December 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a yield of 1.38%. Graphic Packaging’s dividend payout ratio (DPR) is presently 17.09%.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Royal Bank of Canada decreased their target price on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Truist Financial cut shares of Graphic Packaging from a “buy” rating to a “hold” rating and reduced their price objective for the company from $32.00 to $30.00 in a research report on Wednesday, October 30th. Finally, StockNews.com lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $31.53.
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.
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