Graphic Packaging Holding (NYSE:GPK) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lowered its holdings in Graphic Packaging Holding (NYSE:GPK) by 19.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 669,807 shares of the industrial products company’s stock after selling 162,228 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.22% of Graphic Packaging worth $17,452,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Rise Advisors LLC acquired a new stake in shares of Graphic Packaging in the first quarter worth $26,000. Principal Securities Inc. acquired a new stake in shares of Graphic Packaging in the fourth quarter worth $26,000. OLD Point Trust & Financial Services N A acquired a new stake in shares of Graphic Packaging in the fourth quarter worth $27,000. LRI Investments LLC purchased a new position in shares of Graphic Packaging in the first quarter valued at $38,000. Finally, GAMMA Investing LLC boosted its stake in shares of Graphic Packaging by 46.3% in the second 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 period. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Trading Up 1.0 %

NYSE GPK opened at $29.88 on Monday. The company’s fifty day moving average price is $28.43 and its two-hundred day moving average price is $27.81. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.45 and a quick ratio of 0.58. Graphic Packaging Holding has a 12 month low of $20.07 and a 12 month high of $30.66. The company has a market capitalization of $8.97 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 5.12 and a beta of 0.83.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Graphic Packaging had a net margin of 7.93% and a return on equity of 30.74%. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period last year, the firm posted $0.66 EPS. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. As a group, research analysts predict that Graphic Packaging Holding will post 2.66 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 5th. Stockholders of record on Sunday, September 15th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.34%. Graphic Packaging’s payout ratio is currently 18.10%.

Insider Transactions at Graphic Packaging

In other news, CEO Michael P. Doss sold 49,183 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,909,576 shares in the company, valued at approximately $53,296,266.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Michael P. Doss sold 49,183 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 1,909,576 shares of the company’s stock, valued at approximately $53,296,266.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael P. Doss sold 86,374 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $28.05, for a total transaction of $2,422,790.70. Following the completion of the sale, the chief executive officer now directly owns 2,123,202 shares in the company, valued at approximately $59,555,816.10. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GPK shares. Robert W. Baird upped their target price 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. Stifel Nicolaus started coverage on shares of Graphic Packaging in a research note on Tuesday, July 9th. They issued a “buy” rating and a $35.20 target price for the company. StockNews.com upgraded shares of Graphic Packaging from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Wells Fargo & Company upped their target price on shares of Graphic Packaging from $21.00 to $24.00 and gave the company an “underweight” rating in a research note on Wednesday, July 31st. Finally, Truist Financial reiterated a “buy” rating and set a $35.00 price objective (up from $33.00) on shares of Graphic Packaging in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Graphic Packaging presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.15.

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.