Graphic Packaging Holding (NYSE:GPK) EVP Michael James Farrell Sells 25,900 Shares

Graphic Packaging Holding (NYSE:GPK) EVP Michael James Farrell sold 25,900 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 81,026 shares in the company, valued at $2,348,943.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Graphic Packaging Price Performance

GPK stock opened at $29.05 on Friday. Graphic Packaging Holding has a 12-month low of $21.25 and a 12-month high of $30.70. The company has a market cap of $8.72 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 10.81 and a beta of 0.83. The firm has a 50 day moving average of $29.28 and a 200-day moving average of $28.22. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Royal Bank of Canada lowered 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. Robert W. Baird lifted their price objective on shares of Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Truist Financial downgraded 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 research report on Wednesday, October 30th. StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company raised their price objective on shares of 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, three have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Graphic Packaging currently has a consensus rating of “Hold” and an average target price of $31.53.

Institutional Trading of Graphic Packaging

Large investors have recently modified their holdings of the business. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Graphic Packaging by 43.1% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 202,727 shares of the industrial products company’s stock valued at $5,916,000 after buying an additional 61,102 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of Graphic Packaging by 171.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 603,023 shares of the industrial products company’s stock worth $17,631,000 after purchasing an additional 381,112 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Graphic Packaging by 4.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 832,035 shares of the industrial products company’s stock worth $23,907,000 after buying an additional 33,691 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Graphic Packaging by 99.6% in the first quarter. Cetera Investment Advisers now owns 104,490 shares of the industrial products company’s stock valued at $3,049,000 after buying an additional 52,139 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of Graphic Packaging by 268.7% during the second quarter. Hsbc Holdings PLC now owns 51,261 shares of the industrial products company’s stock valued at $1,350,000 after buying an additional 37,358 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

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.