Tidal Investments LLC Boosts Holdings in Graphic Packaging Holding (NYSE:GPK)

Tidal Investments LLC increased its position in shares of Graphic Packaging Holding (NYSE:GPK) by 75.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,090 shares of the industrial products company’s stock after buying an additional 20,604 shares during the quarter. Tidal Investments LLC’s holdings in Graphic Packaging were worth $1,423,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. 1832 Asset Management L.P. raised its position in Graphic Packaging by 1.1% in the second quarter. 1832 Asset Management L.P. now owns 32,827 shares of the industrial products company’s stock valued at $860,000 after purchasing an additional 369 shares during the period. Worldquant Millennium Advisors LLC raised its holdings in Graphic Packaging by 1.1% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 38,064 shares of the industrial products company’s stock valued at $1,126,000 after buying an additional 401 shares during the period. Graypoint LLC lifted its position in Graphic Packaging by 2.4% in the second quarter. Graypoint LLC now owns 17,473 shares of the industrial products company’s stock valued at $458,000 after buying an additional 402 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Graphic Packaging by 0.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 54,259 shares of the industrial products company’s stock worth $1,422,000 after buying an additional 406 shares during the period. Finally, Fiduciary Family Office LLC increased its position in shares of Graphic Packaging by 2.6% during the second quarter. Fiduciary Family Office LLC now owns 16,811 shares of the industrial products company’s stock valued at $441,000 after acquiring an additional 423 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. StockNews.com lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Truist Financial cut Graphic Packaging from a “buy” rating to a “hold” rating and decreased their price target for the stock from $32.00 to $30.00 in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada dropped their price objective on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $31.53.

Insider Activity at Graphic Packaging

In other news, CAO Charles D. Lischer sold 12,000 shares of the company’s 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 completion of the transaction, the chief accounting officer now directly owns 49,849 shares of the company’s stock, valued at approximately $1,478,022.85. This represents a 19.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael James Farrell sold 25,900 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total value of $750,841.00. Following the sale, the executive vice president now directly owns 81,026 shares in the company, valued at $2,348,943.74. This trade represents a 24.22 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Graphic Packaging Price Performance

Graphic Packaging stock opened at $27.56 on Thursday. The company’s 50 day moving average is $29.23 and its two-hundred day moving average is $28.58. The firm has a market cap of $8.27 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 11.42 and a beta of 0.83. The company has a quick ratio of 0.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.78. Graphic Packaging Holding has a 52-week low of $23.47 and a 52-week high of $30.70.

Graphic Packaging (NYSE:GPK) last released its 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 analysts’ expectations of $2.27 billion. During the same quarter last year, the business posted $0.74 earnings per share. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, research analysts expect that Graphic Packaging Holding will post 2.52 EPS for the current fiscal year.

Graphic Packaging Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, January 5th. Investors of record on Sunday, December 15th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.45%. Graphic Packaging’s payout ratio is 17.09%.

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.