Graphic Packaging Holding (NYSE:GPK) Shares Sold by Sigma Planning Corp

Sigma Planning Corp lessened its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 22.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,145 shares of the industrial products company’s stock after selling 2,072 shares during the period. Sigma Planning Corp’s holdings in Graphic Packaging were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. XML Financial LLC raised its stake in Graphic Packaging by 23.3% during the 3rd quarter. XML Financial LLC now owns 20,410 shares of the industrial products company’s stock valued at $604,000 after acquiring an additional 3,860 shares in the last quarter. Assetmark Inc. lifted its holdings in Graphic Packaging by 846.4% in the third quarter. Assetmark Inc. now owns 84,383 shares of the industrial products company’s stock worth $2,497,000 after purchasing an additional 75,467 shares during the period. Markel Group Inc. grew its position in Graphic Packaging by 17.9% in the 3rd quarter. Markel Group Inc. now owns 394,725 shares of the industrial products company’s stock valued at $11,680,000 after buying an additional 60,000 shares in the last quarter. Keynote Financial Services LLC acquired a new position in Graphic Packaging during the 3rd quarter valued at about $211,000. Finally, Advisor Resource Council bought a new stake in shares of Graphic Packaging during the 3rd quarter worth about $328,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Graphic Packaging Trading Down 0.5 %

Shares of NYSE GPK opened at $28.24 on Monday. The company has a quick ratio of 0.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.78. Graphic Packaging Holding has a 12 month low of $22.04 and a 12 month high of $30.70. The company has a market cap of $8.48 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 10.98 and a beta of 0.83. The business has a fifty day simple moving average of $29.23 and a 200-day simple moving average of $28.32.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. Graphic Packaging’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 earnings per share. Sell-side analysts predict that Graphic Packaging Holding will post 2.52 EPS for the current year.

Graphic Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, January 5th. Shareholders of record on Sunday, December 15th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, December 13th. Graphic Packaging’s payout ratio is 17.09%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Robert W. Baird raised their price objective on shares of Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Truist Financial cut Graphic Packaging from a “buy” rating to a “hold” rating and decreased their target price for the company from $32.00 to $30.00 in a research note on Wednesday, October 30th. Wells Fargo & Company boosted their price target on shares of Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada reduced their price objective on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.53.

Insider Buying and Selling at Graphic Packaging

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of Graphic Packaging stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total transaction of $750,841.00. Following the transaction, the executive vice president now owns 81,026 shares of the company’s stock, valued at $2,348,943.74. The trade was a 24.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.

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.