UMB Bank n.a. Has $41,000 Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

UMB Bank n.a. increased its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 58.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,493 shares of the industrial products company’s stock after buying an additional 549 shares during the period. UMB Bank n.a.’s holdings in Graphic Packaging were worth $41,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new stake in shares of Graphic Packaging in the third quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Graphic Packaging during the third quarter worth $73,000. GAMMA Investing LLC lifted its stake in shares of Graphic Packaging by 57.0% during the third quarter. GAMMA Investing LLC now owns 4,308 shares of the industrial products company’s stock valued at $127,000 after acquiring an additional 1,564 shares during the period. TD Private Client Wealth LLC boosted its holdings in Graphic Packaging by 29.0% in the third quarter. TD Private Client Wealth LLC now owns 5,130 shares of the industrial products company’s stock valued at $152,000 after acquiring an additional 1,153 shares during the last quarter. Finally, Bellecapital International Ltd. acquired a new stake in Graphic Packaging in the third quarter worth about $203,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Insider Buying and Selling

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total value of $750,841.00. Following the completion of the transaction, the executive vice president now directly owns 81,026 shares in the company, valued at approximately $2,348,943.74. This trade represents a 24.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Charles D. Lischer sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $29.65, for a total value of $355,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 49,849 shares of the company’s stock, valued at $1,478,022.85. This represents a 19.40 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GPK has been the topic of several recent research reports. Truist Financial raised their target price on shares of Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Wells Fargo & Company upgraded shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $24.00 to $27.00 in a research report on Monday, January 6th. Royal Bank of Canada reduced their price target 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. Citigroup reiterated a “neutral” rating and issued a $30.00 price objective (down previously from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Finally, StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $32.37.

Graphic Packaging Stock Down 0.9 %

NYSE GPK opened at $27.31 on Friday. The company has a market cap of $8.20 billion, a price-to-earnings ratio of 11.67 and a beta of 0.85. Graphic Packaging Holding has a 1-year low of $23.47 and a 1-year high of $30.70. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78. The company has a 50 day moving average of $28.19 and a 200-day moving average of $28.63.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the company earned $0.74 earnings per share. The company’s quarterly revenue was down 5.7% on a year-over-year basis. On average, equities research analysts expect that Graphic Packaging Holding will post 2.53 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, January 5th. Investors of record on Sunday, December 15th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Friday, December 13th. Graphic Packaging’s dividend payout ratio (DPR) is presently 17.09%.

Graphic Packaging 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.