Graphic Packaging Holding (NYSE:GPK) Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its position in shares of Graphic Packaging Holding (NYSE:GPK) by 3.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 40,857 shares of the industrial products company’s stock after acquiring an additional 1,309 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Graphic Packaging were worth $1,071,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in Graphic Packaging in the first quarter valued at $26,000. Principal Securities Inc. purchased a new position in Graphic Packaging during the fourth quarter valued at approximately $26,000. OLD Point Trust & Financial Services N A acquired a new position in Graphic Packaging in the fourth quarter valued at approximately $27,000. LRI Investments LLC purchased a new stake in Graphic Packaging in the 1st quarter worth approximately $38,000. Finally, GAMMA Investing LLC grew its stake in shares of 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 purchasing an additional 868 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Insider Activity at Graphic Packaging

In other Graphic Packaging news, CEO Michael P. Doss sold 49,183 shares of Graphic Packaging 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 sale, 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 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 business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,909,576 shares in the company, valued at approximately $53,296,266.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael P. Doss sold 86,374 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 2,123,202 shares of the company’s stock, valued at approximately $59,555,816.10. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GPK. StockNews.com raised shares of Graphic Packaging from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Robert W. Baird upped their price target on Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Truist Financial reissued a “buy” rating and issued a $35.00 price objective (up from $33.00) on shares of Graphic Packaging 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. Finally, Citigroup cut their price target on shares of Graphic Packaging from $31.00 to $30.00 and set a “buy” rating for the company in a report on Monday, July 8th. One 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $31.15.

Graphic Packaging Trading Down 3.5 %

GPK opened at $29.06 on Tuesday. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 5.12 and a beta of 0.83. The company’s 50 day simple moving average is $28.84 and its two-hundred day simple moving average is $27.99. Graphic Packaging Holding has a 1-year low of $20.07 and a 1-year high of $30.66. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.45 and a quick ratio of 0.58.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the prior year, the business earned $0.66 EPS. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. Analysts expect that Graphic Packaging Holding will post 2.66 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 5th. Stockholders of record on Sunday, September 15th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Friday, September 13th. Graphic Packaging’s payout ratio is presently 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.