Compagnie Lombard Odier SCmA Grows Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Compagnie Lombard Odier SCmA boosted its stake in Graphic Packaging Holding (NYSE:GPK) by 7.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,852 shares of the industrial products company’s stock after purchasing an additional 5,994 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Graphic Packaging were worth $2,629,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Rise Advisors LLC purchased a new stake in Graphic Packaging during the first quarter valued at approximately $26,000. UMB Bank n.a. increased its stake in shares of Graphic Packaging by 546.6% in the third quarter. UMB Bank n.a. now owns 944 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 798 shares during the period. LRI Investments LLC acquired a new stake in Graphic Packaging during the first quarter valued at $38,000. GAMMA Investing LLC grew its position in Graphic Packaging by 46.3% during the second quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company’s stock valued at $72,000 after buying an additional 868 shares during the period. Finally, Atlas Capital Advisors LLC acquired a new stake in Graphic Packaging during the second quarter valued at $88,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on GPK shares. Citigroup reduced their target price on shares of Graphic Packaging from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. StockNews.com upgraded shares of Graphic Packaging from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird upped their price target 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 reiterated a “buy” rating and issued a $35.00 price target (up previously from $33.00) on shares of Graphic Packaging in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company boosted their price objective on shares of Graphic Packaging from $21.00 to $24.00 and gave the company an “underweight” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $31.15.

Insider Transactions at Graphic Packaging

In related news, CEO Michael P. Doss sold 49,183 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 1,909,576 shares in the company, valued at $53,296,266.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Graphic Packaging news, CEO Michael P. Doss sold 49,183 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $27.91, for a total value of $1,372,697.53. Following the sale, the chief executive officer now directly owns 1,909,576 shares in the company, valued at approximately $53,296,266.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael P. Doss sold 86,374 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 2,123,202 shares in the company, valued at $59,555,816.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Graphic Packaging Trading Up 2.0 %

NYSE GPK traded up $0.57 during mid-day trading on Friday, hitting $29.11. The company’s stock had a trading volume of 1,764,383 shares, compared to its average volume of 2,507,738. Graphic Packaging Holding has a 52-week low of $20.07 and a 52-week high of $30.66. The stock’s fifty day simple moving average is $29.06 and its two-hundred day simple moving average is $28.11. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.45 and a quick ratio of 0.58. The firm has a market capitalization of $8.95 billion, a P/E ratio of 13.17, a price-to-earnings-growth ratio of 5.08 and a beta of 0.83.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.04. Graphic Packaging had a net margin of 7.93% and a return on equity of 30.74%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the company earned $0.66 earnings per share. Graphic Packaging’s revenue for the quarter was down 6.5% on a year-over-year basis. Research analysts expect that Graphic Packaging Holding will post 2.66 EPS for the current year.

Graphic Packaging Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, October 5th. Stockholders of record on Sunday, September 15th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, September 13th. Graphic Packaging’s payout ratio is currently 18.10%.

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.