Barclays PLC Boosts Stock Position in Graphic Packaging Holding (NYSE:GPK)

Barclays PLC lifted its position in Graphic Packaging Holding (NYSE:GPK) by 8.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 637,199 shares of the industrial products company’s stock after purchasing an additional 51,451 shares during the quarter. Barclays PLC owned about 0.21% of Graphic Packaging worth $18,854,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. raised its position in Graphic Packaging by 546.6% during the 3rd 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 during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Graphic Packaging in the 3rd quarter valued at $30,000. Atlas Capital Advisors LLC acquired a new stake in Graphic Packaging during the 2nd quarter worth about $88,000. GAMMA Investing LLC grew its holdings in Graphic Packaging by 57.0% during the third quarter. GAMMA Investing LLC now owns 4,308 shares of the industrial products company’s stock worth $127,000 after acquiring an additional 1,564 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its position in Graphic Packaging by 13.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,816 shares of the industrial products company’s stock valued at $152,000 after acquiring an additional 699 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Insider Buying and Selling at Graphic Packaging

In other 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 value of $750,841.00. Following the completion of 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 Securities & Exchange Commission, which is available at this link. Also, CAO Charles D. Lischer sold 12,000 shares of the business’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 transaction, the chief accounting officer now owns 49,849 shares in the company, valued at $1,478,022.85. The trade was a 19.40 % 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 Trading Down 0.2 %

Shares of NYSE:GPK opened at $29.37 on Friday. The business’s 50 day moving average price is $29.22 and its 200-day moving average price is $28.56. Graphic Packaging Holding has a 1 year low of $23.47 and a 1 year high of $30.70. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 11.42 and a beta of 0.83. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72.

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 the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the business earned $0.74 earnings per share. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, equities research analysts forecast that Graphic Packaging Holding will post 2.52 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The company 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 annualized dividend and a yield of 1.36%. Graphic Packaging’s dividend payout ratio (DPR) is currently 17.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Truist Financial lowered Graphic Packaging from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $32.00 to $30.00 in a research report on Wednesday, October 30th. StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada dropped their price target on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a research report 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 issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.53.

Graphic Packaging Company 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.