Graphic Packaging Holding (NYSE:GPK) Shares Sold by Sigma Planning Corp

Sigma Planning Corp cut its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 22.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,145 shares of the industrial products company’s stock after selling 2,072 shares during the period. Sigma Planning Corp’s holdings in Graphic Packaging were worth $211,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. grew its stake in 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 buying an additional 798 shares during the period. LRI Investments LLC purchased a new position in Graphic Packaging in the first quarter valued at about $38,000. GAMMA Investing LLC raised its position in 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. Atlas Capital Advisors LLC acquired a new position in shares of Graphic Packaging during the second quarter worth about $88,000. Finally, LGT Group Foundation purchased a new stake in shares of Graphic Packaging in the first quarter worth about $134,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Graphic Packaging Trading Down 0.5 %

Shares of NYSE GPK opened at $28.24 on Monday. The stock has a market capitalization of $8.48 billion, a P/E ratio of 12.07, a PEG ratio of 10.98 and a beta of 0.83. The stock’s 50 day moving average price is $29.23 and its two-hundred day moving average price is $28.32. The company has a quick ratio of 0.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.78. Graphic Packaging Holding has a 52-week low of $22.04 and a 52-week high of $30.70.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.04). Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the prior year, the company posted $0.74 earnings per share. The business’s revenue was down 5.7% on a year-over-year basis. On average, analysts anticipate that Graphic Packaging Holding will post 2.52 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The firm also recently disclosed 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Friday, December 13th. Graphic Packaging’s dividend payout ratio is presently 17.09%.

Analyst Upgrades and Downgrades

GPK has been the topic of several recent research reports. Wells Fargo & Company boosted their price target on Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 31st. Truist Financial lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating and cut their price objective for the stock from $32.00 to $30.00 in a report on Wednesday, October 30th. Robert W. Baird raised their target price on Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Royal Bank of Canada cut 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, StockNews.com lowered Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Graphic Packaging currently has an average rating of “Hold” and a consensus target price of $31.53.

Insider Buying and Selling

In related news, EVP Michael James Farrell sold 25,900 shares of the business’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 transaction of $750,841.00. Following the completion of the transaction, the executive vice president now owns 81,026 shares in the company, valued at $2,348,943.74. The trade was a 24.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is 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.