Fulton Bank N.A. Acquires 721 Shares of Graphic Packaging Holding (NYSE:GPK)

Fulton Bank N.A. increased its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 2.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,284 shares of the industrial products company’s stock after purchasing an additional 721 shares during the quarter. Fulton Bank N.A.’s holdings in Graphic Packaging were worth $837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Rise Advisors LLC bought a new position in Graphic Packaging during the 1st quarter valued at about $26,000. LRI Investments LLC purchased a new stake in Graphic Packaging in the first quarter worth approximately $38,000. GAMMA Investing LLC grew its position in Graphic Packaging by 46.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 868 shares during the period. Atlas Capital Advisors LLC purchased a new stake in Graphic Packaging during the 2nd quarter valued at $88,000. Finally, LGT Group Foundation bought a new position in shares of Graphic Packaging during the 1st quarter valued at $134,000. 99.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Graphic Packaging

In other Graphic Packaging news, CEO Michael P. Doss sold 86,374 shares of the business’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 sale, the chief executive officer now owns 2,123,202 shares in the company, valued at $59,555,816.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Michael P. Doss sold 49,183 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $27.91, for a total value of $1,372,697.53. Following the completion of 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael P. Doss sold 86,374 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $28.05, for a total transaction of $2,422,790.70. Following the completion of the sale, the chief executive officer now 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. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Truist Financial reaffirmed a “buy” rating and issued a $35.00 price objective (up previously from $33.00) on shares of Graphic Packaging in a report on Wednesday, July 31st. Citigroup lowered 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. Robert W. Baird boosted their target price 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. StockNews.com upgraded shares of Graphic Packaging from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $35.00 price objective on shares of Graphic Packaging in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Graphic Packaging currently has an average rating of “Moderate Buy” and a consensus price target of $31.15.

Graphic Packaging Trading Up 0.5 %

Shares of Graphic Packaging stock opened at $28.72 on Wednesday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.58 and a current ratio of 1.45. The company has a fifty day moving average of $29.11 and a 200 day moving average of $28.10. The company has a market capitalization of $8.83 billion, a P/E ratio of 13.00, a P/E/G ratio of 5.13 and a beta of 0.83. Graphic Packaging Holding has a fifty-two week low of $20.07 and a fifty-two week high of $30.66.

Graphic Packaging (NYSE:GPK) last released its 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. Graphic Packaging had a return on equity of 30.74% and a net margin of 7.93%. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the business posted $0.66 earnings per share. The firm’s revenue was down 6.5% on a year-over-year basis. On average, sell-side analysts anticipate that Graphic Packaging Holding will post 2.66 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, October 5th. Investors of record on Sunday, September 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.39%. Graphic Packaging’s dividend payout ratio is 18.10%.

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.