Blair William & Co. IL Acquires 5,062 Shares of Graphic Packaging Holding (NYSE:GPK)

Blair William & Co. IL increased its holdings in Graphic Packaging Holding (NYSE:GPK) by 18.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,718 shares of the industrial products company’s stock after purchasing an additional 5,062 shares during the period. Blair William & Co. IL’s holdings in Graphic Packaging were worth $858,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Principal Securities Inc. acquired a new position in Graphic Packaging during the 4th quarter worth $26,000. PNC Financial Services Group Inc. lifted its position in Graphic Packaging by 20.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 23,489 shares of the industrial products company’s stock worth $579,000 after acquiring an additional 4,049 shares during the last quarter. Assetmark Inc. lifted its position in Graphic Packaging by 16.6% during the 4th quarter. Assetmark Inc. now owns 9,477 shares of the industrial products company’s stock worth $234,000 after acquiring an additional 1,346 shares during the last quarter. Commerce Bank lifted its position in Graphic Packaging by 13.0% during the 4th quarter. Commerce Bank now owns 14,819 shares of the industrial products company’s stock worth $365,000 after acquiring an additional 1,710 shares during the last quarter. Finally, United Services Automobile Association lifted its position in Graphic Packaging by 12.8% during the 4th quarter. United Services Automobile Association now owns 23,271 shares of the industrial products company’s stock worth $574,000 after acquiring an additional 2,646 shares during 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 company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,909,576 shares of the company’s stock, valued at $53,296,266.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Michael P. Doss sold 86,374 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 2,123,202 shares of the company’s stock, valued at $59,555,816.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael P. Doss sold 49,183 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 1,909,576 shares in the company, valued at $53,296,266.16. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Graphic Packaging Stock Performance

NYSE:GPK opened at $29.20 on Wednesday. Graphic Packaging Holding has a 12-month low of $20.07 and a 12-month high of $30.66. The company has a quick ratio of 0.58, a current ratio of 1.45 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $8.97 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 5.12 and a beta of 0.83. The firm has a 50-day moving average price of $28.87 and a 200 day moving average price of $28.00.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.27 billion. Graphic Packaging had a net margin of 7.93% and a return on equity of 30.74%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.66 earnings per share. Research analysts anticipate that Graphic Packaging Holding will post 2.66 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 Saturday, October 5th. Shareholders of record on Sunday, September 15th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.40 annualized dividend and a yield of 1.37%. Graphic Packaging’s dividend payout ratio is 18.10%.

Analyst Ratings Changes

GPK has been the subject of a number of research analyst reports. Truist Financial reissued a “buy” rating and set a $35.00 target price (up previously from $33.00) on shares of Graphic Packaging in a research report on Wednesday, July 31st. Robert W. Baird upped their price objective on shares of Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Stifel Nicolaus assumed coverage on shares of Graphic Packaging in a research report on Tuesday, July 9th. They set a “buy” rating and a $35.20 price objective for the company. Citigroup cut their price objective on shares of Graphic Packaging from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, July 8th. Finally, Wells Fargo & Company upped 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $31.15.

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.