TD Private Client Wealth LLC Increases Position in Graphic Packaging Holding (NYSE:GPK)

TD Private Client Wealth LLC increased its stake in Graphic Packaging Holding (NYSE:GPK) by 29.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,130 shares of the industrial products company’s stock after acquiring an additional 1,153 shares during the period. TD Private Client Wealth LLC’s holdings in Graphic Packaging were worth $152,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GPK. UMB Bank n.a. grew its position 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 worth $28,000 after acquiring an additional 798 shares in the last quarter. Truvestments Capital LLC purchased a new position in Graphic Packaging in the third quarter worth $30,000. Atlas Capital Advisors LLC purchased a new position in Graphic Packaging in the second quarter worth $88,000. GAMMA Investing LLC grew its position in Graphic Packaging by 57.0% in the third quarter. GAMMA Investing LLC now owns 4,308 shares of the industrial products company’s stock worth $127,000 after acquiring an additional 1,564 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in 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 in the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Graphic Packaging news, CAO Charles D. Lischer sold 12,000 shares of the firm’s 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael James Farrell sold 25,900 shares of the firm’s stock in a transaction dated 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GPK. Royal Bank of Canada lowered their price target on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Truist Financial downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating and lowered their price target for the stock from $32.00 to $30.00 in a research note on Wednesday, October 30th. Finally, StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Graphic Packaging has an average rating of “Hold” and an average price target of $31.53.

Graphic Packaging Stock Performance

Shares of NYSE:GPK opened at $29.37 on Monday. The company has a market cap of $8.82 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 11.42 and a beta of 0.83. The company has a 50-day moving average price of $29.22 and a 200-day moving average price of $28.57. 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 12 month low of $23.47 and a 12 month high of $30.70.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.04). The firm had revenue of $2.22 billion for 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%. The business’s revenue was down 5.7% on a year-over-year basis. During the same period last year, the company posted $0.74 earnings per share. As a group, equities analysts anticipate that Graphic Packaging Holding will post 2.52 EPS for the current year.

Graphic Packaging Dividend Announcement

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 issued a $0.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.40 annualized dividend and a yield of 1.36%. Graphic Packaging’s dividend payout ratio (DPR) is presently 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.