Lebenthal Global Advisors LLC Acquires New Shares in Graphic Packaging Holding (NYSE:GPK)

Lebenthal Global Advisors LLC acquired a new stake in shares of Graphic Packaging Holding (NYSE:GPK) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 7,340 shares of the industrial products company’s stock, valued at approximately $217,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. raised its stake in shares of Graphic Packaging by 546.6% during the 3rd quarter. UMB Bank n.a. now owns 944 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 798 shares during the period. LRI Investments LLC bought a new stake in shares of Graphic Packaging during the 1st quarter valued at $38,000. GAMMA Investing LLC raised its stake in shares of Graphic Packaging by 46.3% during the 2nd 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 bought a new stake in shares of Graphic Packaging during the 2nd quarter valued at $88,000. Finally, LGT Group Foundation bought a new position in Graphic Packaging in the 1st quarter worth about $134,000. 99.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GPK. Robert W. Baird upped their target price on Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Stifel Nicolaus began coverage on Graphic Packaging in a research note on Tuesday, July 9th. They issued a “buy” rating and a $35.20 target price on the stock. Wells Fargo & Company upped their target price on Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 31st. Truist Financial lowered Graphic Packaging from a “buy” rating to a “hold” rating and decreased their target price for the stock from $32.00 to $30.00 in a research note on Wednesday. Finally, Royal Bank of Canada decreased their target price 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. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $31.53.

Insider Activity at Graphic Packaging

In related news, CEO Michael P. Doss sold 86,374 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 2,123,202 shares in the company, valued at $59,555,816.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Michael P. Doss sold 49,183 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $27.91, for a total transaction of $1,372,697.53. Following the completion of the sale, the chief executive officer now directly owns 1,909,576 shares in the company, valued at $53,296,266.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael P. Doss sold 86,374 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $28.05, for a total value of $2,422,790.70. Following the sale, the chief executive officer now owns 2,123,202 shares of the company’s stock, valued at $59,555,816.10. This 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 company insiders.

Graphic Packaging Price Performance

GPK opened at $28.28 on Friday. The stock has a 50-day moving average price of $29.39 and a 200-day moving average price of $28.19. Graphic Packaging Holding has a 12-month low of $21.25 and a 12-month high of $30.70. The company has a current ratio of 1.73, a quick ratio of 0.58 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $8.49 billion, a P/E ratio of 12.09, a PEG ratio of 10.99 and a beta of 0.83.

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 analysts’ consensus estimates of $0.68 by ($0.04). Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. Graphic Packaging’s revenue for the quarter was down 5.7% compared to the same quarter last year. Equities analysts predict that Graphic Packaging Holding will post 2.52 earnings per share for the current fiscal year.

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.