Graphic Packaging Holding (NYSE:GPK) Shares Bought by Barclays PLC

Barclays PLC grew its position in Graphic Packaging Holding (NYSE:GPK) by 8.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 637,199 shares of the industrial products company’s stock after buying an additional 51,451 shares during the period. Barclays PLC’s holdings in Graphic Packaging were worth $18,854,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GPK. SG Americas Securities LLC acquired a new stake in Graphic Packaging during the second quarter worth $258,000. Wealth Enhancement Advisory Services LLC boosted its stake in Graphic Packaging by 5.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 23,020 shares of the industrial products company’s stock worth $603,000 after buying an additional 1,225 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of Graphic Packaging by 10.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 30,119 shares of the industrial products company’s stock valued at $789,000 after acquiring an additional 2,860 shares during the last quarter. Raymond James & Associates raised its stake in shares of Graphic Packaging by 2.0% in the 2nd quarter. Raymond James & Associates now owns 571,627 shares of the industrial products company’s stock valued at $14,982,000 after acquiring an additional 10,981 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Graphic Packaging by 1,102.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 117,676 shares of the industrial products company’s stock worth $3,096,000 after acquiring an additional 107,891 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Stock Down 0.2 %

Shares of NYSE GPK opened at $29.37 on Friday. The stock has a market cap of $8.82 billion, a P/E ratio of 12.55, a PEG ratio of 11.42 and a beta of 0.83. The business’s fifty day simple moving average is $29.22 and its 200-day simple moving average is $28.56. Graphic Packaging Holding has a 12-month low of $23.47 and a 12-month high of $30.70. 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 posted its quarterly earnings results 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 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 analyst estimates of $2.27 billion. During the same period in the prior year, the business earned $0.74 EPS. Graphic Packaging’s revenue for the quarter was down 5.7% on a year-over-year basis. As a group, equities analysts predict that Graphic Packaging Holding will post 2.52 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, January 5th. Shareholders of record on Sunday, December 15th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Friday, December 13th. Graphic Packaging’s dividend payout ratio is presently 17.09%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on GPK shares. StockNews.com lowered Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Truist Financial downgraded Graphic Packaging from a “buy” rating to a “hold” rating and cut their price objective for the company from $32.00 to $30.00 in a report on Wednesday, October 30th. 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $31.53.

Insider Buying and Selling at Graphic Packaging

In related news, EVP Michael James Farrell sold 25,900 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total value of $750,841.00. Following the completion of the transaction, the executive vice president now directly owns 81,026 shares of the company’s stock, valued at $2,348,943.74. This represents a 24.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Charles D. Lischer sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $29.65, for a total transaction of $355,800.00. Following the sale, the chief accounting officer now directly owns 49,849 shares in the company, valued at approximately $1,478,022.85. The trade was a 19.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

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.