Lebenthal Global Advisors LLC Makes New $217,000 Investment in Graphic Packaging Holding (NYSE:GPK)

Lebenthal Global Advisors LLC bought a new position in Graphic Packaging Holding (NYSE:GPK) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,340 shares of the industrial products company’s stock, valued at approximately $217,000.

A number of other hedge funds have also added to or reduced their stakes in the business. BNP Paribas bought a new stake in shares of Graphic Packaging during the first quarter valued at approximately $935,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Graphic Packaging by 43.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 202,727 shares of the industrial products company’s stock valued at $5,916,000 after acquiring an additional 61,102 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Graphic Packaging by 171.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 603,023 shares of the industrial products company’s stock valued at $17,631,000 after acquiring an additional 381,112 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Graphic Packaging by 4.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 832,035 shares of the industrial products company’s stock valued at $23,907,000 after acquiring an additional 33,691 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Graphic Packaging by 99.6% during the first quarter. Cetera Investment Advisers now owns 104,490 shares of the industrial products company’s stock valued at $3,049,000 after acquiring an additional 52,139 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Graphic Packaging news, CEO Michael P. Doss sold 49,183 shares of the business’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 transaction, the chief executive officer now owns 1,909,576 shares of the company’s stock, valued at approximately $53,296,266.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Michael P. Doss sold 49,183 shares of the company’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 owns 1,909,576 shares of the company’s stock, valued at $53,296,266.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael P. Doss sold 86,374 shares of the company’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 transaction, the chief executive officer now directly owns 2,123,202 shares in the company, valued at $59,555,816.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Graphic Packaging Stock Up 0.1 %

GPK stock opened at $28.28 on Friday. The stock’s fifty day simple moving average is $29.39 and its two-hundred day simple moving average is $28.19. The company has a current ratio of 1.73, a quick ratio of 0.58 and a debt-to-equity ratio of 1.78. Graphic Packaging Holding has a 1-year low of $21.25 and a 1-year high of $30.70. The stock has a market cap of $8.49 billion, a P/E ratio of 12.09, a P/E/G ratio of 10.99 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 for the quarter, missing the consensus estimate of $0.68 by ($0.04). Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the prior year, the firm posted $0.74 EPS. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. Analysts expect that Graphic Packaging Holding will post 2.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GPK shares. Wells Fargo & Company boosted their price objective on Graphic Packaging from $21.00 to $24.00 and gave the company an “underweight” rating in a report on Wednesday, July 31st. Stifel Nicolaus began coverage on Graphic Packaging in a research report on Tuesday, July 9th. They set a “buy” rating and a $35.20 target price on the stock. Robert W. Baird lifted their target price on 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 cut Graphic Packaging from a “buy” rating to a “hold” rating and cut their target price for the company from $32.00 to $30.00 in a research report on Wednesday. Finally, Royal Bank of Canada cut their target price on 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $31.53.

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.