29,934 Shares in Graphic Packaging Holding (NYSE:GPK) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new stake in shares of Graphic Packaging Holding (NYSE:GPK) during the 3rd quarter, Holdings Channel reports. The firm bought 29,934 shares of the industrial products company’s stock, valued at approximately $886,000.

Several other hedge funds have also bought and sold shares of GPK. 1832 Asset Management L.P. lifted its position in shares of Graphic Packaging by 1.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 32,827 shares of the industrial products company’s stock valued at $860,000 after buying an additional 369 shares in the last quarter. Graypoint LLC lifted its holdings in Graphic Packaging by 2.4% during the second quarter. Graypoint LLC now owns 17,473 shares of the industrial products company’s stock valued at $458,000 after purchasing an additional 402 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Graphic Packaging by 0.8% in 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 purchasing an additional 406 shares during the period. Fiduciary Family Office LLC increased its stake in shares of Graphic Packaging by 2.6% in the second quarter. Fiduciary Family Office LLC now owns 16,811 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 423 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Graphic Packaging by 1.8% during the 3rd quarter. KBC Group NV now owns 26,805 shares of the industrial products company’s stock valued at $793,000 after purchasing an additional 465 shares during the period. Institutional investors own 99.67% of the company’s stock.

Insider Transactions at Graphic Packaging

In other Graphic Packaging news, CAO Charles D. Lischer sold 12,000 shares of Graphic Packaging stock in a transaction on Monday, November 25th. The shares were sold at an average price of $29.65, for a total value of $355,800.00. Following the completion of the transaction, the chief accounting officer now owns 49,849 shares of the company’s stock, valued at approximately $1,478,022.85. The trade was a 19.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael James Farrell sold 25,900 shares of the stock in a transaction dated Wednesday, November 6th. The stock was 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 approximately $2,348,943.74. The trade was a 24.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

GPK has been the subject of several recent analyst reports. StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Robert W. Baird increased their target price on Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Truist Financial cut Graphic Packaging from a “buy” rating to a “hold” rating and lowered their price target for the stock from $32.00 to $30.00 in a report on Wednesday, October 30th. Royal Bank of Canada cut their price objective on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Finally, Wells Fargo & Company boosted their target price on shares of Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a report on Wednesday, July 31st. One 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $31.53.

Graphic Packaging Stock Up 1.4 %

NYSE GPK opened at $30.01 on Thursday. The stock has a 50 day moving average price of $29.13 and a 200-day moving average price of $28.39. Graphic Packaging Holding has a one year low of $22.12 and a one year high of $30.70. 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 company has a market capitalization of $9.01 billion, a P/E ratio of 12.82, a P/E/G ratio of 11.51 and a beta of 0.83.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.04). The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The company’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.74 EPS. 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 announced a quarterly dividend, which will be paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, December 13th. Graphic Packaging’s dividend payout ratio is currently 17.09%.

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.