Graphic Packaging Holding (NYSE:GPK) Shares Sold by Tredje AP fonden

Tredje AP fonden reduced its stake in Graphic Packaging Holding (NYSE:GPK) by 1.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 164,751 shares of the industrial products company’s stock after selling 1,843 shares during the period. Tredje AP fonden’s holdings in Graphic Packaging were worth $4,318,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rise Advisors LLC purchased a new stake in shares of Graphic Packaging in the first quarter valued at about $26,000. Principal Securities Inc. acquired a new position in Graphic Packaging in the 4th quarter valued at about $26,000. OLD Point Trust & Financial Services N A purchased a new stake in shares of Graphic Packaging in the 4th quarter valued at approximately $27,000. LRI Investments LLC acquired a new stake in shares of Graphic Packaging during the 1st quarter worth approximately $38,000. Finally, GAMMA Investing LLC raised its position 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 valued at $72,000 after buying an additional 868 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.

Graphic Packaging Stock Performance

NYSE GPK opened at $29.86 on Thursday. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.45 and a quick ratio of 0.58. The company has a market cap of $9.18 billion, a P/E ratio of 13.51, a P/E/G ratio of 5.12 and a beta of 0.83. The stock has a 50-day moving average of $28.69 and a two-hundred day moving average of $27.90. Graphic Packaging Holding has a 1-year low of $20.07 and a 1-year high of $30.66.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Graphic Packaging had a net margin of 7.93% and a return on equity of 30.74%. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 earnings per share. As a group, analysts anticipate that Graphic Packaging Holding will post 2.66 EPS for the current year.

Graphic Packaging Dividend Announcement

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

Analyst Upgrades and Downgrades

GPK has been the subject of several analyst reports. StockNews.com upgraded Graphic Packaging from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus assumed coverage on Graphic Packaging in a report on Tuesday, July 9th. They set a “buy” rating and a $35.20 price target for the company. Truist Financial restated a “buy” rating and issued a $35.00 price objective (up from $33.00) on shares of Graphic Packaging in a report on Wednesday, July 31st. 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 report on Wednesday, July 31st. Finally, Citigroup dropped their price target on shares of Graphic Packaging from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, July 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.15.

Insider Activity at Graphic Packaging

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

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.