Sage Capital Advisors llc Invests $206,000 in Graphic Packaging Holding (NYSE:GPK)

Sage Capital Advisors llc purchased a new stake in shares of Graphic Packaging Holding (NYSE:GPK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,977 shares of the industrial products company’s stock, valued at approximately $206,000.

Other hedge funds also recently bought and sold shares of the company. Greenlight Capital Inc. grew its holdings in shares of Graphic Packaging by 32.0% during the 4th quarter. Greenlight Capital Inc. now owns 2,536,100 shares of the industrial products company’s stock worth $62,515,000 after acquiring an additional 614,490 shares during the period. BNP Paribas purchased a new position in shares of Graphic Packaging during the 1st quarter worth approximately $935,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Graphic Packaging by 43.1% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 202,727 shares of the industrial products company’s stock worth $5,916,000 after acquiring an additional 61,102 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in shares of Graphic Packaging by 171.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 603,023 shares of the industrial products company’s stock worth $17,631,000 after acquiring an additional 381,112 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Graphic Packaging by 4.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 832,035 shares of the industrial products company’s stock worth $23,907,000 after acquiring an additional 33,691 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Stifel Nicolaus assumed coverage on Graphic Packaging in a research report on Tuesday, July 9th. They issued a “buy” rating and a $35.20 price target on the stock. Citigroup lowered their price objective on Graphic Packaging from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Robert W. Baird upped their price objective on Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Truist Financial reaffirmed a “buy” rating and issued a $35.00 price objective (up from $33.00) on shares of Graphic Packaging in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company upped their price objective on Graphic Packaging from $21.00 to $24.00 and gave the company an “underweight” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $31.15.

Insider Activity at Graphic Packaging

In related 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 completion of the sale, the chief executive officer now owns 1,909,576 shares of the company’s stock, valued at approximately $53,296,266.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Graphic Packaging 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 transaction, the chief executive officer now directly owns 1,909,576 shares in the company, valued at $53,296,266.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael P. Doss sold 86,374 shares of the business’s stock in a transaction dated 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Graphic Packaging Stock Performance

Shares of GPK stock opened at $28.72 on Wednesday. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 5.13 and a beta of 0.83. The company’s 50 day moving average is $29.11 and its 200 day moving average is $28.10. The company has a quick ratio of 0.58, a current ratio of 1.45 and a debt-to-equity ratio of 1.75. Graphic Packaging Holding has a 52-week low of $20.07 and a 52-week high of $30.66.

Graphic Packaging (NYSE:GPK) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.27 billion. Graphic Packaging had a net margin of 7.93% and a return on equity of 30.74%. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share. On average, sell-side analysts anticipate that Graphic Packaging Holding will post 2.66 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

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

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.