Graphic Packaging Holding (NYSE:GPK) Stock Holdings Lifted by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. raised its position in shares of Graphic Packaging Holding (NYSE:GPK) by 3.8% in the second quarter, Holdings Channel reports. The firm owned 168,085 shares of the industrial products company’s stock after buying an additional 6,230 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Graphic Packaging were worth $4,404,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in GPK. CWM LLC grew its position in Graphic Packaging by 79.0% in the fourth quarter. CWM LLC now owns 4,023 shares of the industrial products company’s stock worth $99,000 after acquiring an additional 1,775 shares in the last quarter. GAMMA Investing LLC bought a new position in Graphic Packaging during the fourth quarter valued at about $44,000. Russell Investments Group Ltd. raised its holdings in Graphic Packaging by 5.7% during the fourth quarter. Russell Investments Group Ltd. now owns 166,575 shares of the industrial products company’s stock valued at $4,106,000 after buying an additional 8,928 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Graphic Packaging by 2,265.3% during the 4th quarter. Van ECK Associates Corp now owns 223,687 shares of the industrial products company’s stock worth $5,514,000 after acquiring an additional 214,230 shares in the last quarter. Finally, Cozad Asset Management Inc. acquired a new position in shares of Graphic Packaging during the 4th quarter valued at about $2,196,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 transaction of $2,422,790.70. Following the completion of the transaction, the chief executive officer now directly owns 2,123,202 shares in the company, valued at $59,555,816.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 shares were 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 directly owns 2,123,202 shares of the company’s stock, valued at $59,555,816.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael P. Doss sold 49,183 shares of Graphic Packaging stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $27.91, for a total transaction of $1,372,697.53. Following the completion of the transaction, the chief executive officer now owns 1,909,576 shares of the company’s stock, valued at approximately $53,296,266.16. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on GPK shares. Citigroup lowered their price target on Graphic Packaging from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, July 8th. Truist Financial reiterated a “buy” rating and issued a $35.00 target price (up previously from $33.00) on shares of Graphic Packaging in a report on Wednesday, July 31st. Royal Bank of Canada boosted their target price on shares of Graphic Packaging from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Robert W. Baird raised their price target on Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus began coverage on Graphic Packaging in a research report on Tuesday, July 9th. They set a “buy” rating and a $35.20 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.15.

Graphic Packaging Stock Performance

Shares of GPK stock traded up $0.36 during mid-day trading on Thursday, reaching $29.72. The stock had a trading volume of 470,023 shares, compared to its average volume of 2,586,727. The firm has a market cap of $9.13 billion, a PE ratio of 13.29, a P/E/G ratio of 5.10 and a beta of 0.84. The company has a quick ratio of 0.52, a current ratio of 1.45 and a debt-to-equity ratio of 1.75. Graphic Packaging Holding has a one year low of $20.07 and a one year high of $30.66. The firm’s 50 day simple moving average is $27.72 and its 200 day simple moving average is $27.48.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.27 billion. Graphic Packaging had a net margin of 7.93% and a return on equity of 30.74%. The business’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 earnings per share. On average, analysts forecast that Graphic Packaging Holding will post 2.72 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. The ex-dividend date is Friday, September 13th. This represents a $0.40 annualized dividend and a dividend yield of 1.35%. Graphic Packaging’s dividend payout ratio is currently 18.10%.

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.