Graypoint LLC Has $458,000 Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Graypoint LLC boosted its position in shares of Graphic Packaging Holding (NYSE:GPK) by 2.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,473 shares of the industrial products company’s stock after purchasing an additional 402 shares during the period. Graypoint LLC’s holdings in Graphic Packaging were worth $458,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GPK. Rise Advisors LLC acquired a new stake in shares of Graphic Packaging during the 1st quarter valued at about $26,000. Principal Securities Inc. acquired a new stake in Graphic Packaging in the fourth quarter valued at approximately $26,000. OLD Point Trust & Financial Services N A bought a new stake in Graphic Packaging in the fourth quarter worth approximately $27,000. LRI Investments LLC acquired a new position in shares of Graphic Packaging during the 1st quarter worth $38,000. Finally, ICA Group Wealth Management LLC bought a new position in shares of Graphic Packaging during the 4th quarter valued at $50,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Analyst Upgrades and Downgrades

GPK has been the topic of several analyst reports. Truist Financial reissued a “buy” rating and set a $35.00 target price (up from $33.00) on shares of Graphic Packaging in a research report on Wednesday, July 31st. Stifel Nicolaus started coverage on Graphic Packaging in a report on Tuesday, July 9th. They set a “buy” rating and a $35.20 price objective on the stock. Citigroup reduced their target price on Graphic Packaging from $31.00 to $30.00 and set a “buy” rating for the company in a report on Monday, July 8th. Royal Bank of Canada increased their price target on Graphic Packaging from $33.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird boosted their price objective on shares of Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.15.

Insiders Place Their Bets

In other news, CEO Michael P. Doss sold 86,374 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was 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 directly owns 2,123,202 shares in the company, valued at approximately $59,555,816.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Michael P. Doss sold 49,183 shares of the 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 sale, the chief executive officer now directly owns 1,909,576 shares of the company’s stock, valued at $53,296,266.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael P. Doss sold 86,374 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now 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. Corporate insiders own 1.20% of the company’s stock.

Graphic Packaging Trading Up 1.6 %

Shares of GPK stock opened at $29.93 on Monday. The company has a current ratio of 1.45, a quick ratio of 0.58 and a debt-to-equity ratio of 1.75. Graphic Packaging Holding has a 1 year low of $20.07 and a 1 year high of $30.66. The firm’s fifty day simple moving average is $27.82 and its 200 day simple moving average is $27.56. The firm has a market capitalization of $8.98 billion, a P/E ratio of 13.54, a price-to-earnings-growth ratio of 5.16 and a beta of 0.84.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data 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 net margin of 7.93% and a return on equity of 30.74%. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the firm posted $0.66 EPS. The business’s revenue was down 6.5% compared to the same quarter last year. As a group, sell-side analysts predict that Graphic Packaging Holding will post 2.72 EPS for the current year.

Graphic Packaging Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 5th. Investors of record on Sunday, September 15th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.34%. The ex-dividend date is Friday, September 13th. Graphic Packaging’s dividend payout ratio (DPR) is presently 18.10%.

Graphic Packaging Company 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.