U S Global Investors Inc. Makes New Investment in Graphic Packaging Holding (NYSE:GPK)

U S Global Investors Inc. bought a new stake in Graphic Packaging Holding (NYSE:GPK) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,500 shares of the industrial products company’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. UMB Bank n.a. grew its stake in shares of Graphic Packaging by 546.6% in the 3rd quarter. UMB Bank n.a. now owns 944 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 798 shares during the last quarter. LRI Investments LLC purchased a new position in shares of Graphic Packaging in the 1st quarter valued at approximately $38,000. GAMMA Investing LLC grew its stake in shares of Graphic Packaging by 46.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 868 shares during the last quarter. Atlas Capital Advisors LLC purchased a new position in shares of Graphic Packaging in the 2nd quarter valued at approximately $88,000. Finally, LGT Group Foundation purchased a new stake in shares of Graphic Packaging in the first quarter valued at approximately $134,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on GPK shares. Stifel Nicolaus began coverage on Graphic Packaging in a research note on Tuesday, July 9th. They issued a “buy” rating and a $35.20 price target on the stock. StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a report on Friday. Royal Bank of Canada cut their price target on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Citigroup dropped their target price on Graphic Packaging from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, July 8th. Finally, Truist Financial dropped their target price on Graphic Packaging from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.87.

Insider Transactions at Graphic Packaging

In other Graphic Packaging news, CEO Michael P. Doss sold 49,183 shares of the 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 completion of the transaction, the chief executive officer now directly owns 1,909,576 shares of the company’s stock, valued at approximately $53,296,266.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Graphic Packaging news, CEO Michael P. Doss sold 86,374 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $28.05, for a total transaction of $2,422,790.70. Following the completion of the transaction, the chief executive officer now directly owns 2,123,202 shares of the company’s stock, valued at approximately $59,555,816.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 of the company’s stock, valued at approximately $53,296,266.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Graphic Packaging Stock Down 1.0 %

Shares of NYSE GPK traded down $0.31 on Tuesday, hitting $29.52. The company had a trading volume of 62,408 shares, compared to its average volume of 2,500,075. Graphic Packaging Holding has a 12-month low of $20.07 and a 12-month high of $30.66. The business has a 50 day moving average of $29.26 and a two-hundred day moving average of $28.14. The company has a quick ratio of 0.58, a current ratio of 1.45 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $9.07 billion, a P/E ratio of 13.49, a PEG ratio of 5.08 and a beta of 0.83.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. Graphic Packaging had a return on equity of 30.74% and a net margin of 7.93%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the business earned $0.66 earnings per share. The company’s revenue was down 6.5% compared to the same quarter last year. As a group, equities research analysts forecast that Graphic Packaging Holding will post 2.66 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 5th. Shareholders of record on Sunday, September 15th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, September 13th. Graphic Packaging’s payout ratio is currently 18.10%.

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.