Amalgamated Bank Has $5.03 Million Stake in Graphic Packaging Holding (NYSE:GPK)

Amalgamated Bank lessened its holdings in Graphic Packaging Holding (NYSE:GPK) by 8.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 192,026 shares of the industrial products company’s stock after selling 18,267 shares during the period. Amalgamated Bank owned 0.06% of Graphic Packaging worth $5,033,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in GPK. Rise Advisors LLC bought a new position in shares of Graphic Packaging in the first quarter valued at about $26,000. Principal Securities Inc. acquired a new stake in Graphic Packaging during the fourth quarter worth approximately $26,000. OLD Point Trust & Financial Services N A bought a new stake in shares of Graphic Packaging during the fourth quarter worth approximately $27,000. LRI Investments LLC acquired a new position in shares of Graphic Packaging in the first quarter valued at approximately $38,000. Finally, GAMMA Investing LLC increased its position in Graphic Packaging by 46.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company’s stock worth $72,000 after buying an additional 868 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.

Analysts Set New Price Targets

GPK has been the topic of several research reports. Stifel Nicolaus initiated coverage on shares of Graphic Packaging in a research note on Tuesday, July 9th. They issued a “buy” rating and a $35.20 price target on the stock. Wells Fargo & Company raised their price objective on Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 31st. Robert W. Baird boosted their price target on Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Citigroup reduced their price objective on shares of Graphic Packaging from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. Finally, StockNews.com upgraded shares of Graphic Packaging from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.15.

Insider Buying and Selling

In related news, CEO Michael P. Doss sold 49,183 shares of the company’s stock in a transaction that occurred 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 directly owns 1,909,576 shares of the company’s stock, valued at approximately $53,296,266.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Graphic Packaging news, CEO Michael P. Doss sold 49,183 shares of the company’s stock in a transaction on Friday, August 9th. The shares were 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 in the company, valued at $53,296,266.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael P. Doss sold 86,374 shares of Graphic Packaging stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $28.05, for a total transaction of $2,422,790.70. Following the transaction, the chief executive officer now owns 2,123,202 shares of the company’s stock, valued at $59,555,816.10. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Graphic Packaging Price Performance

GPK stock opened at $30.11 on Friday. The company has a market capitalization of $9.25 billion, a P/E ratio of 13.62, a PEG ratio of 5.12 and a beta of 0.83. Graphic Packaging Holding has a 52-week low of $20.07 and a 52-week high of $30.66. The company has a fifty day moving average price of $28.81 and a 200-day moving average price of $27.95. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.58 and a current ratio of 1.45.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data 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. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Graphic Packaging had a net margin of 7.93% and a return on equity of 30.74%. Graphic Packaging’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.66 earnings per share. As a group, equities analysts expect that Graphic Packaging Holding will post 2.66 EPS for the current year.

Graphic Packaging Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 5th. Investors of record on Sunday, September 15th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, September 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.33%. Graphic Packaging’s payout ratio is presently 18.10%.

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.