7,500 Shares in Graphic Packaging Holding (NYSE:GPK) Bought by U S Global Investors Inc.

U S Global Investors Inc. acquired a new position in shares of Graphic Packaging Holding (NYSE:GPK) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 7,500 shares of the industrial products company’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also modified their holdings of GPK. American Century Companies Inc. raised its holdings in shares of Graphic Packaging by 41.9% during the second quarter. American Century Companies Inc. now owns 12,115,566 shares of the industrial products company’s stock worth $317,549,000 after acquiring an additional 3,576,877 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Graphic Packaging by 24.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company’s stock valued at $437,945,000 after buying an additional 2,927,344 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in 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 buying an additional 706,486 shares in the last quarter. Van ECK Associates Corp raised its holdings in Graphic Packaging by 215.0% during the first quarter. Van ECK Associates Corp now owns 704,530 shares of the industrial products company’s stock valued at $20,558,000 after buying an additional 480,843 shares in the last quarter. 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 valued at $45,078,000 after buying an additional 428,278 shares in the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Graphic Packaging Price Performance

Shares of NYSE:GPK traded down $0.31 during trading on Tuesday, reaching $29.52. The stock had a trading volume of 62,408 shares, compared to its average volume of 2,500,075. Graphic Packaging Holding has a 52 week low of $20.07 and a 52 week high of $30.66. The business’s 50-day moving average price is $29.26 and its 200 day moving average price is $28.14. 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 stock has a market capitalization of $9.07 billion, a PE ratio of 13.49, a P/E/G ratio of 5.08 and a beta of 0.83.

Graphic Packaging (NYSE:GPK) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Graphic Packaging had a net margin of 7.93% and a return on equity of 30.74%. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. Graphic Packaging’s quarterly revenue was down 6.5% compared to the same quarter last year. 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 business also recently disclosed a quarterly dividend, which was paid on Saturday, October 5th. Investors of record on Sunday, September 15th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, September 13th. Graphic Packaging’s dividend payout ratio (DPR) is presently 18.10%.

Analysts Set New Price Targets

Several equities analysts have weighed in on GPK shares. StockNews.com lowered Graphic Packaging from a “buy” rating to a “hold” rating in a report on Friday. Truist Financial lowered their price target on Graphic Packaging from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Stifel Nicolaus began coverage on Graphic Packaging in a research report on Tuesday, July 9th. They issued a “buy” rating and a $35.20 price target on the stock. Citigroup lowered their price target on Graphic Packaging from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Finally, Wells Fargo & Company raised their price target on Graphic Packaging from $21.00 to $24.00 and gave the company an “underweight” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Graphic Packaging currently has an average rating of “Moderate Buy” and a consensus target price of $31.87.

Insider Buying and Selling

In related news, CEO Michael P. Doss sold 49,183 shares of the business’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 owns 1,909,576 shares in the company, valued at $53,296,266.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Michael P. Doss sold 49,183 shares of Graphic Packaging stock in a transaction 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 transaction, the chief executive officer now owns 1,909,576 shares in the company, valued at approximately $53,296,266.16. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael P. Doss sold 86,374 shares of Graphic Packaging stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 2,123,202 shares of the company’s stock, valued at approximately $59,555,816.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Graphic Packaging 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.