WealthBridge Capital Management LLC Buys Shares of 7,507 Graphic Packaging Holding (NYSE:GPK)

WealthBridge Capital Management LLC acquired a new position in shares of Graphic Packaging Holding (NYSE:GPK) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,507 shares of the industrial products company’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GPK. Rise Advisors LLC acquired a new stake in shares of Graphic Packaging in the first quarter valued at $26,000. LRI Investments LLC acquired a new position in shares of Graphic Packaging in the first quarter valued at approximately $38,000. GAMMA Investing LLC increased its stake 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. Atlas Capital Advisors LLC purchased a new position in Graphic Packaging in the 2nd quarter valued at approximately $88,000. Finally, LGT Group Foundation acquired a new position in shares of Graphic Packaging in the first quarter worth $134,000. 99.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Graphic Packaging

In other news, CEO Michael P. Doss sold 49,183 shares of the firm’s 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 transaction, the chief executive officer now directly owns 1,909,576 shares in the company, valued at approximately $53,296,266.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Michael P. Doss sold 86,374 shares of Graphic Packaging 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 transaction, the chief executive officer now directly owns 2,123,202 shares in the company, valued at $59,555,816.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael P. Doss sold 49,183 shares of Graphic Packaging stock in a transaction that occurred 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 sale, the chief executive officer now owns 1,909,576 shares in the company, valued at approximately $53,296,266.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Graphic Packaging Stock Down 0.8 %

Graphic Packaging stock opened at $28.57 on Tuesday. The company has a market capitalization of $8.78 billion, a P/E ratio of 12.93, a PEG ratio of 5.13 and a beta of 0.83. 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 Holding has a fifty-two week low of $20.07 and a fifty-two week high of $30.66. The stock has a 50-day simple moving average of $29.11 and a 200-day simple moving average of $28.10.

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, beating the consensus estimate of $0.56 by $0.04. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.27 billion. Graphic Packaging had a return on equity of 30.74% and a net margin of 7.93%. The company’s revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 earnings per share. Equities research analysts expect that Graphic Packaging Holding will post 2.66 earnings per share for the current year.

Graphic Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, October 5th. Stockholders 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 1.40%. Graphic Packaging’s dividend payout ratio (DPR) is presently 18.10%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com upgraded Graphic Packaging from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $35.00 price target on shares of Graphic Packaging in a research note on Wednesday, September 4th. Truist Financial restated 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 shares of Graphic Packaging in a research note on Tuesday, July 9th. They set a “buy” rating and a $35.20 target price for the company. Finally, Citigroup cut their price target on Graphic Packaging from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $31.15.

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.