KGH Ltd Buys 184,000 Shares of Graphic Packaging Holding (NYSE:GPK)

KGH Ltd raised its stake in Graphic Packaging Holding (NYSE:GPK) by 24.7% during the second quarter, HoldingsChannel reports. The fund owned 930,000 shares of the industrial products company’s stock after buying an additional 184,000 shares during the period. Graphic Packaging comprises approximately 1.4% of KGH Ltd’s holdings, making the stock its 18th largest position. KGH Ltd’s holdings in Graphic Packaging were worth $24,375,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GPK. Rise Advisors LLC purchased a new position in Graphic Packaging in the 1st quarter worth approximately $26,000. OLD Point Trust & Financial Services N A bought a new position in shares of Graphic Packaging during the fourth quarter valued at $27,000. LRI Investments LLC purchased a new stake in shares of Graphic Packaging during the first quarter valued at $38,000. GAMMA Investing LLC increased its holdings in Graphic Packaging by 46.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company’s stock worth $72,000 after buying an additional 868 shares in the last quarter. Finally, Atlas Capital Advisors LLC bought a new stake in Graphic Packaging in the 2nd quarter worth about $88,000. 99.67% of the stock is currently owned by institutional investors.

Graphic Packaging Trading Up 0.3 %

Shares of GPK stock opened at $29.58 on Tuesday. 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 $9.09 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 5.13 and a beta of 0.83. Graphic Packaging Holding has a 1 year low of $20.07 and a 1 year high of $30.66. The firm has a fifty day moving average price of $28.98 and a 200-day moving average price of $28.05.

Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04. The company had revenue of $2.24 billion for 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%. Graphic Packaging’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 earnings per share. As a group, equities analysts predict that Graphic Packaging Holding will post 2.66 earnings per share for the current year.

Graphic Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 5th. Investors of record on Sunday, September 15th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Friday, September 13th. Graphic Packaging’s dividend payout ratio is 18.10%.

Insiders Place Their Bets

In other Graphic Packaging news, CEO Michael P. Doss sold 49,183 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,909,576 shares in the company, valued at $53,296,266.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Graphic Packaging news, CEO Michael P. Doss sold 86,374 shares of the stock in a transaction 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 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 Securities & Exchange Commission, which is available at this link. Also, CEO Michael P. Doss sold 49,183 shares of the business’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 completion of the transaction, 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 owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GPK shares. StockNews.com raised shares of Graphic Packaging from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Truist Financial restated a “buy” rating and set a $35.00 price objective (up previously from $33.00) on shares of Graphic Packaging in a research report on Wednesday, July 31st. Wells Fargo & Company lifted their target price on shares of Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 31st. Stifel Nicolaus assumed coverage on Graphic Packaging in a research note on Tuesday, July 9th. They issued a “buy” rating and a $35.20 price target on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $35.00 price objective on shares of Graphic Packaging in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.