Seelaus Asset Management LLC Sells 2,525 Shares of Graphic Packaging Holding (NYSE:GPK)

Seelaus Asset Management LLC lessened its position in shares of Graphic Packaging Holding (NYSE:GPK) by 13.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,320 shares of the industrial products company’s stock after selling 2,525 shares during the period. Seelaus Asset Management LLC’s holdings in Graphic Packaging were worth $483,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GPK. UMB Bank n.a. grew its holdings in shares of Graphic Packaging by 546.6% during the third quarter. UMB Bank n.a. now owns 944 shares of the industrial products company’s stock worth $28,000 after buying an additional 798 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Graphic Packaging in the first quarter valued at approximately $38,000. GAMMA Investing LLC lifted its position in shares of Graphic Packaging by 46.3% in the second quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 868 shares in the last quarter. Atlas Capital Advisors LLC acquired a new position in Graphic Packaging during the second quarter worth $88,000. Finally, LGT Group Foundation bought a new position in Graphic Packaging in the first quarter valued at $134,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Trading Down 0.5 %

Shares of Graphic Packaging stock opened at $28.25 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.72 and a current ratio of 1.73. The firm has a 50-day moving average of $29.23 and a 200-day moving average of $28.29. Graphic Packaging Holding has a 52-week low of $22.04 and a 52-week high of $30.70. The stock has a market cap of $8.48 billion, a PE ratio of 12.07, a PEG ratio of 11.13 and a beta of 0.83.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data 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 business 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 firm earned $0.74 EPS. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. As a group, sell-side analysts forecast that Graphic Packaging Holding will post 2.52 EPS for the current year.

Graphic Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 5th. Shareholders 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 yield of 1.42%. Graphic Packaging’s dividend payout ratio (DPR) is presently 17.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GPK shares. Robert W. Baird upped their target price on shares of Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Truist Financial cut 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 research report on Wednesday, October 30th. StockNews.com lowered Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Royal Bank of Canada reduced their price objective on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Finally, Wells Fargo & Company increased their price objective on shares of Graphic Packaging from $21.00 to $24.00 and gave the company an “underweight” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $31.53.

Insider Buying and Selling at Graphic Packaging

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total transaction 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 represents a 24.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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.