Insider Selling: Graphic Packaging Holding (NYSE:GPK) EVP Sells $750,841.00 in Stock

Graphic Packaging Holding (NYSE:GPK) EVP Michael James Farrell sold 25,900 shares of the company’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 transaction of $750,841.00. Following the completion of the transaction, the executive vice president now owns 81,026 shares in the company, valued at approximately $2,348,943.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Graphic Packaging Price Performance

Graphic Packaging stock opened at $29.48 on Friday. Graphic Packaging Holding has a 12-month low of $21.25 and a 12-month high of $30.70. The stock has a market cap of $8.85 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 11.29 and a beta of 0.83. 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 company has a fifty day simple moving average of $29.28 and a 200-day simple moving average of $28.25.

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

Analyst Ratings Changes

GPK has been the subject of several research reports. Robert W. Baird boosted their price target on shares of Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Wells Fargo & Company boosted their price target on shares of Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 31st. Truist Financial cut shares of Graphic Packaging from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $32.00 to $30.00 in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada decreased their price objective on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.53.

Institutional Investors Weigh In On Graphic Packaging

A number of institutional investors and hedge funds have recently bought and sold shares of GPK. American Century Companies Inc. lifted its position in Graphic Packaging by 41.9% in the second quarter. American Century Companies Inc. now owns 12,115,566 shares of the industrial products company’s stock valued at $317,549,000 after acquiring an additional 3,576,877 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Graphic Packaging by 24.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company’s stock valued at $437,945,000 after purchasing an additional 2,927,344 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Graphic Packaging by 7.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,600,600 shares of the industrial products company’s stock valued at $251,632,000 after purchasing an additional 706,486 shares during the period. Sei Investments Co. increased its stake in Graphic Packaging by 33.2% in the second quarter. Sei Investments Co. now owns 1,719,878 shares of the industrial products company’s stock valued at $45,078,000 after purchasing an additional 428,278 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its stake in Graphic Packaging by 171.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 603,023 shares of the industrial products company’s stock valued at $17,631,000 after purchasing an additional 381,112 shares during the period. 99.67% of the stock is owned by hedge funds and other institutional investors.

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.