Graphic Packaging Holding (NYSE:GPK) Stock Position Lifted by Pullen Investment Management LLC

Pullen Investment Management LLC grew its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 8.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,000 shares of the industrial products company’s stock after acquiring an additional 6,952 shares during the period. Graphic Packaging accounts for 1.9% of Pullen Investment Management LLC’s investment portfolio, making the stock its 9th biggest holding. Pullen Investment Management LLC’s holdings in Graphic Packaging were worth $2,663,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of GPK. DekaBank Deutsche Girozentrale grew its stake in shares of Graphic Packaging by 1.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 676,230 shares of the industrial products company’s stock valued at $19,634,000 after buying an additional 6,423 shares in the last quarter. Shayne & Jacobs LLC acquired a new position in shares of Graphic Packaging during the 3rd quarter worth $216,000. Private Advisor Group LLC raised its holdings in shares of Graphic Packaging by 26.1% during the 3rd quarter. Private Advisor Group LLC now owns 27,575 shares of the industrial products company’s stock valued at $816,000 after purchasing an additional 5,699 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Graphic Packaging by 1.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 95,216 shares of the industrial products company’s stock valued at $2,817,000 after purchasing an additional 1,820 shares in the last quarter. Finally, U S Global Investors Inc. bought a new stake in Graphic Packaging in the third quarter worth $222,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GPK has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price target on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Truist Financial dropped their price target on shares of Graphic Packaging from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Robert W. Baird upped their price objective on shares of Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Friday, October 18th. Finally, Stifel Nicolaus began coverage on shares of Graphic Packaging in a report on Tuesday, July 9th. They set a “buy” rating and a $35.20 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.87.

Graphic Packaging Stock Down 1.3 %

Shares of GPK opened at $29.66 on Friday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.58 and a current ratio of 1.45. The company has a 50-day simple moving average of $29.37 and a 200-day simple moving average of $28.17. Graphic Packaging Holding has a 52 week low of $20.69 and a 52 week high of $30.66. The firm has a market capitalization of $8.90 billion, a P/E ratio of 12.68, a P/E/G ratio of 10.94 and a beta of 0.83.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.27 billion. Graphic Packaging had a return on equity of 30.74% and a net margin of 7.93%. The company’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the company earned $0.66 EPS. On average, equities research analysts expect that Graphic Packaging Holding will post 2.65 earnings per share for the current year.

Graphic Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 5th. Stockholders of record on Sunday, September 15th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, September 13th. Graphic Packaging’s payout ratio is 17.09%.

Insider Activity

In other Graphic Packaging news, CEO Michael P. Doss sold 86,374 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $28.05, for a total transaction of $2,422,790.70. Following the completion of the transaction, the chief executive officer now owns 2,123,202 shares in the company, valued at $59,555,816.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Michael P. Doss sold 86,374 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $28.05, for a total value of $2,422,790.70. Following the completion of the transaction, the chief executive officer now directly owns 2,123,202 shares of the company’s stock, valued at approximately $59,555,816.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael P. Doss sold 49,183 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $27.91, for a total value of $1,372,697.53. Following the completion of the sale, the chief executive officer now directly owns 1,909,576 shares in the company, valued at approximately $53,296,266.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

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.