Nwam LLC Buys New Position in Graphic Packaging Holding (NYSE:GPK)

Nwam LLC acquired a new stake in Graphic Packaging Holding (NYSE:GPK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,933 shares of the industrial products company’s stock, valued at approximately $235,000.

Several other hedge funds also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in Graphic Packaging by 546.6% during 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 during the period. LRI Investments LLC bought a new position in shares of Graphic Packaging in the first quarter valued at $38,000. GAMMA Investing LLC boosted its stake in shares of Graphic Packaging by 46.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 868 shares in the last quarter. Atlas Capital Advisors LLC acquired a new position in shares of Graphic Packaging in the 2nd quarter worth $88,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Graphic Packaging by 13.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,816 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 699 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Graphic Packaging

In other news, 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 directly owns 81,026 shares in the company, valued at $2,348,943.74. The trade was a 24.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GPK has been the subject of a number of analyst reports. Robert W. Baird upped their price objective on shares of Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Wells Fargo & Company lifted their price objective on shares of Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 31st. Royal Bank of Canada reduced their target price on 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 downgraded Graphic Packaging from a “buy” rating to a “hold” rating and lowered their price target for the company from $32.00 to $30.00 in a report on Wednesday, October 30th. Finally, StockNews.com downgraded Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $31.53.

Graphic Packaging Stock Up 1.2 %

Shares of Graphic Packaging stock opened at $29.63 on Tuesday. Graphic Packaging Holding has a 12-month low of $22.12 and a 12-month high of $30.70. 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 50 day moving average price of $29.15 and a two-hundred day moving average price of $28.37. The stock has a market capitalization of $8.89 billion, a P/E ratio of 12.65, a PEG ratio of 11.38 and a beta of 0.83.

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 firm had revenue of $2.22 billion for 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%. Graphic Packaging’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 earnings per share. Equities analysts expect that Graphic Packaging Holding will post 2.52 earnings per share for the current year.

Graphic Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, January 5th. Investors 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 annualized dividend and a dividend yield of 1.35%. Graphic Packaging’s dividend payout ratio is presently 17.09%.

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.