Graphic Packaging Holding (NYSE:GPK) CAO Charles D. Lischer Sells 12,000 Shares

Graphic Packaging Holding (NYSE:GPK) CAO Charles D. Lischer sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $29.65, for a total transaction of $355,800.00. Following the sale, the chief accounting officer now directly owns 49,849 shares of the company’s stock, valued at approximately $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 GPK stock opened at $29.61 on Wednesday. The business’s 50-day moving average price is $29.14 and its 200-day moving average price is $28.38. Graphic Packaging Holding has a 12 month low of $22.12 and a 12 month high of $30.70. 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 firm has a market capitalization of $8.89 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 11.38 and a beta of 0.83.

Graphic Packaging (NYSE:GPK) last posted its 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 return on equity of 28.26% and a net margin of 7.99%. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the firm earned $0.74 earnings per share. The company’s revenue was down 5.7% compared to the same quarter last year. Equities research analysts forecast 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. Investors 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 dividend on an annualized basis and a yield of 1.35%. Graphic Packaging’s payout ratio is 17.09%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. UMB Bank n.a. raised its position in shares of 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 last quarter. Truvestments Capital LLC bought a new position in Graphic Packaging during the 3rd quarter worth approximately $30,000. LRI Investments LLC acquired a new position in shares of Graphic Packaging in the 1st quarter worth approximately $38,000. GAMMA Investing LLC boosted its stake in shares of 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 purchasing an additional 868 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Graphic Packaging during the third quarter worth $73,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.