US Bancorp DE Sells 6,285 Shares of Graphic Packaging Holding (NYSE:GPK)

US Bancorp DE decreased its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 30.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,047 shares of the industrial products company’s stock after selling 6,285 shares during the period. US Bancorp DE’s holdings in Graphic Packaging were worth $416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its holdings in Graphic Packaging by 12.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 27,259 shares of the industrial products company’s stock worth $795,000 after buying an additional 2,962 shares during the period. Concurrent Investment Advisors LLC bought a new position in Graphic Packaging in the 1st quarter worth $880,000. Sei Investments Co. boosted its holdings in Graphic Packaging by 11.5% in the 1st quarter. Sei Investments Co. now owns 1,291,600 shares of the industrial products company’s stock worth $37,689,000 after buying an additional 133,606 shares during the period. Inspire Advisors LLC bought a new position in Graphic Packaging in the 1st quarter worth $274,000. Finally, QRG Capital Management Inc. boosted its holdings in Graphic Packaging by 61.7% in the 1st quarter. QRG Capital Management Inc. now owns 29,768 shares of the industrial products company’s stock worth $869,000 after buying an additional 11,358 shares during the period. Institutional investors own 99.67% of the company’s stock.

Insider Activity

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total transaction of $750,841.00. Following the sale, the executive vice president now directly owns 81,026 shares in the company, valued at $2,348,943.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.20% of the company’s stock.

Graphic Packaging Stock Down 0.3 %

GPK stock opened at $29.40 on Tuesday. The firm has a market cap of $8.82 billion, a PE ratio of 12.56, a P/E/G ratio of 11.46 and a beta of 0.83. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.72 and a current ratio of 1.73. The firm’s fifty day moving average is $29.26 and its 200 day moving average is $28.27. Graphic Packaging Holding has a one year low of $21.25 and a one year high of $30.70.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.04). The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.27 billion. Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.74 EPS. On average, research analysts forecast that Graphic Packaging Holding will post 2.52 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on GPK shares. Robert W. Baird boosted their price target 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. Royal Bank of Canada decreased their price target on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Truist Financial cut shares of Graphic Packaging from a “buy” rating to a “hold” rating and decreased their price target for the stock from $32.00 to $30.00 in a research note on Wednesday, October 30th. StockNews.com cut shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their target price on shares of Graphic Packaging from $21.00 to $24.00 and gave the company an “underweight” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $31.53.

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.