Graphic Packaging Holding (NYSE:GPK) Stock Holdings Trimmed by Sanctuary Advisors LLC

Sanctuary Advisors LLC decreased its holdings in Graphic Packaging Holding (NYSE:GPK) by 6.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,120 shares of the industrial products company’s stock after selling 1,699 shares during the quarter. Sanctuary Advisors LLC’s holdings in Graphic Packaging were worth $706,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of GPK. American Century Companies Inc. grew its position in Graphic Packaging by 41.9% in the 2nd quarter. American Century Companies Inc. now owns 12,115,566 shares of the industrial products company’s stock valued at $317,549,000 after buying an additional 3,576,877 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Graphic Packaging by 24.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company’s stock worth $437,945,000 after acquiring an additional 2,927,344 shares during the period. FMR LLC boosted its holdings in shares of Graphic Packaging by 12.6% in the third quarter. FMR LLC now owns 20,460,161 shares of the industrial products company’s stock valued at $605,416,000 after acquiring an additional 2,294,688 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Graphic Packaging by 7.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,600,600 shares of the industrial products company’s stock valued at $251,632,000 after acquiring an additional 706,486 shares during the period. Finally, Sei Investments Co. raised its holdings in Graphic Packaging by 33.2% during the second quarter. Sei Investments Co. now owns 1,719,878 shares of the industrial products company’s stock worth $45,078,000 after purchasing an additional 428,278 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Graphic Packaging Stock Up 2.2 %

Shares of Graphic Packaging stock opened at $27.38 on Tuesday. Graphic Packaging Holding has a 12-month low of $23.47 and a 12-month high of $30.70. The firm has a market capitalization of $8.22 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 11.42 and a beta of 0.83. The company has a quick ratio of 0.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.78. The stock’s fifty day moving average is $29.09 and its 200-day moving average is $28.57.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data 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). The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.27 billion. Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. Graphic Packaging’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 EPS. Equities analysts anticipate that Graphic Packaging Holding will post 2.52 earnings per share for the current year.

Graphic Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, January 5th. Shareholders of record on Sunday, December 15th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Friday, December 13th. Graphic Packaging’s payout ratio is 17.09%.

Insiders Place Their Bets

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of Graphic Packaging stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total transaction of $750,841.00. Following the transaction, the executive vice president now owns 81,026 shares of the company’s stock, valued at $2,348,943.74. The trade was a 24.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Charles D. Lischer sold 12,000 shares of the 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 completion of the sale, the chief accounting officer now directly owns 49,849 shares of the company’s stock, valued at $1,478,022.85. This trade represents a 19.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Royal Bank of Canada decreased their price target on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Truist Financial cut Graphic Packaging from a “buy” rating to a “hold” rating and decreased their target price for the company from $32.00 to $30.00 in a research note on Wednesday, October 30th. Finally, StockNews.com cut shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Graphic Packaging currently has a consensus rating of “Hold” and an average target price of $31.53.

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.