Graphic Packaging Holding (NYSE:GPK) CAO Charles D. Lischer Sells 12,000 Shares of Stock

Graphic Packaging Holding (NYSE:GPK) CAO Charles D. Lischer sold 12,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $29.65, for a total transaction of $355,800.00. Following the transaction, the chief accounting officer now owns 49,849 shares of the company’s stock, valued at approximately $1,478,022.85. This represents a 19.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Graphic Packaging Price Performance

NYSE:GPK opened at $29.61 on Wednesday. The company has a market cap of $8.89 billion, a P/E ratio of 12.65, a P/E/G ratio of 11.38 and a beta of 0.83. The firm’s fifty day moving average price is $29.14 and its two-hundred day moving average price is $28.38. Graphic Packaging Holding has a one year low of $22.12 and a one year high of $30.70. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72.

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

Graphic Packaging Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, January 5th. Investors of record on Sunday, December 15th will be paid a $0.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.40 annualized dividend and a yield of 1.35%. Graphic Packaging’s dividend payout ratio (DPR) is presently 17.09%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Tidal Investments LLC grew its stake in shares of Graphic Packaging by 75.0% in the third quarter. Tidal Investments LLC now owns 48,090 shares of the industrial products company’s stock valued at $1,423,000 after acquiring an additional 20,604 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Graphic Packaging during the 3rd quarter worth approximately $73,000. World Investment Advisors LLC bought a new position in shares of Graphic Packaging during the third quarter worth approximately $414,000. Virtu Financial LLC acquired a new stake in shares of Graphic Packaging in the third quarter valued at approximately $359,000. Finally, TD Private Client Wealth LLC boosted its stake in shares of Graphic Packaging by 29.0% in the third quarter. TD Private Client Wealth LLC now owns 5,130 shares of the industrial products company’s stock valued at $152,000 after buying an additional 1,153 shares during the period. Institutional investors own 99.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Royal Bank of Canada reduced their price target on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. StockNews.com cut shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Truist Financial lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating and dropped their price target for the stock from $32.00 to $30.00 in a research report on Wednesday, October 30th. 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. Finally, Wells Fargo & Company upped their target price on shares of Graphic Packaging from $21.00 to $24.00 and gave the company an “underweight” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $31.53.

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.