Graphic Packaging Holding (NYSE:GPK) CAO Sells $355,800.00 in Stock

Graphic Packaging Holding (NYSE:GPK) CAO Charles D. Lischer sold 12,000 shares of Graphic Packaging 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 $1,478,022.85. This trade represents a 19.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Graphic Packaging Stock Performance

Shares of NYSE:GPK opened at $30.01 on Friday. The firm has a fifty day simple moving average of $29.13 and a two-hundred day simple moving average of $28.40. The company has a quick ratio of 0.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $9.01 billion, a P/E ratio of 12.82, a PEG ratio of 11.51 and a beta of 0.83. Graphic Packaging Holding has a 52 week low of $22.12 and a 52 week high of $30.70.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.04). The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.27 billion. Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. Graphic Packaging’s revenue for the quarter 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. On average, analysts expect that Graphic Packaging Holding will post 2.52 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The company 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. This represents a $0.40 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, December 13th. Graphic Packaging’s dividend payout ratio (DPR) is 17.09%.

Institutional Investors Weigh In On Graphic Packaging

Institutional investors have recently made changes to their positions in the company. UMB Bank n.a. raised its position in Graphic Packaging by 546.6% in the 3rd 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 during the period. Truvestments Capital LLC purchased a new stake in shares of Graphic Packaging in the third quarter worth approximately $30,000. LRI Investments LLC bought a new stake in shares of Graphic Packaging during the 1st quarter worth approximately $38,000. Wilmington Savings Fund Society FSB purchased a new position in Graphic Packaging during the 3rd quarter valued at $73,000. Finally, GAMMA Investing LLC grew its position in Graphic Packaging by 46.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 868 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on GPK. Truist Financial downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating and lowered their target price for the stock from $32.00 to $30.00 in a report on Wednesday, October 30th. 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. Finally, StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Graphic Packaging presently has a consensus rating of “Hold” and a consensus price target of $31.53.

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.