Public Employees Retirement System of Ohio Sells 2,625 Shares of Graphic Packaging Holding (NYSE:GPK)

Public Employees Retirement System of Ohio cut its stake in Graphic Packaging Holding (NYSE:GPK) by 2.2% during the third quarter, HoldingsChannel reports. The fund owned 119,055 shares of the industrial products company’s stock after selling 2,625 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Graphic Packaging were worth $3,523,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in Graphic Packaging in the second quarter valued at about $258,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Graphic Packaging by 5.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 23,020 shares of the industrial products company’s stock worth $603,000 after acquiring an additional 1,225 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Graphic Packaging by 10.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 30,119 shares of the industrial products company’s stock valued at $789,000 after acquiring an additional 2,860 shares during the last quarter. Raymond James & Associates boosted its stake in Graphic Packaging by 2.0% in the second quarter. Raymond James & Associates now owns 571,627 shares of the industrial products company’s stock valued at $14,982,000 after acquiring an additional 10,981 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Graphic Packaging by 1,102.6% in the second quarter. Nisa Investment Advisors LLC now owns 117,676 shares of the industrial products company’s stock worth $3,096,000 after purchasing an additional 107,891 shares during the last quarter. 99.67% of the stock is owned by institutional investors.

Graphic Packaging Stock Down 0.5 %

Graphic Packaging stock opened at $29.37 on Monday. Graphic Packaging Holding has a fifty-two week low of $23.47 and a fifty-two week high of $30.70. The company has a market cap of $8.82 billion, a PE ratio of 12.55, a PEG ratio of 11.42 and a beta of 0.83. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.72 and a current ratio of 1.73. The business’s 50-day simple moving average is $29.22 and its two-hundred day simple moving average is $28.57.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the company posted $0.74 EPS. Graphic Packaging’s quarterly revenue was down 5.7% compared to the same quarter last year. Equities analysts anticipate that Graphic Packaging Holding will post 2.52 EPS for the current year.

Graphic Packaging Announces Dividend

The firm also recently announced 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 is Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a yield of 1.36%. Graphic Packaging’s dividend payout ratio is presently 17.09%.

Insider Buying and Selling at Graphic Packaging

In other Graphic Packaging 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 value of $750,841.00. Following the sale, the executive vice president now owns 81,026 shares in the company, valued at approximately $2,348,943.74. This represents a 24.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Charles D. Lischer sold 12,000 shares of the firm’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 in the company, valued at $1,478,022.85. The trade was a 19.40 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GPK has been the subject of a number of recent analyst reports. StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Royal Bank of Canada dropped their price target on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Finally, Truist Financial lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating and decreased their price objective for the company from $32.00 to $30.00 in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, 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.