Bank of Montreal Can Has $3.10 Million Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Bank of Montreal Can lifted its stake in Graphic Packaging Holding (NYSE:GPK - Free Report) by 144.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,957 shares of the industrial products company's stock after buying an additional 62,041 shares during the period. Bank of Montreal Can's holdings in Graphic Packaging were worth $3,096,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in shares of Graphic Packaging by 546.6% during the 3rd quarter. UMB Bank n.a. now owns 944 shares of the industrial products company's stock worth $28,000 after purchasing an additional 798 shares in the last quarter. Truvestments Capital LLC bought a new stake in Graphic Packaging in the third quarter valued at about $30,000. GAMMA Investing LLC boosted its holdings in Graphic Packaging by 46.3% during the second quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company's stock valued at $72,000 after purchasing an additional 868 shares in the last quarter. Atlas Capital Advisors LLC acquired a new position in shares of Graphic Packaging in the 2nd quarter worth approximately $88,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Graphic Packaging by 13.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,816 shares of the industrial products company's stock worth $152,000 after buying an additional 699 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Michael James Farrell sold 25,900 shares of Graphic Packaging stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total value of $750,841.00. Following the transaction, the executive vice president now owns 81,026 shares in the company, valued at approximately $2,348,943.74. This trade represents a 24.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Charles D. Lischer sold 12,000 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $29.65, for a total value of $355,800.00. Following the completion of the sale, the chief accounting officer now directly owns 49,849 shares in the company, valued at $1,478,022.85. This trade represents a 19.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Graphic Packaging Stock Down 2.0 %

Shares of GPK stock traded down $0.59 during trading on Thursday, reaching $29.21. The company's stock had a trading volume of 2,888,712 shares, compared to its average volume of 2,536,564. The company has a market cap of $8.77 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 11.68 and a beta of 0.83. Graphic Packaging Holding has a one year low of $22.76 and a one year high of $30.70. The business has a fifty day moving average price of $29.19 and a 200-day moving average price of $28.47. 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 (NYSE:GPK - Get Free Report) last issued 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 firm 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 company's revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.74 earnings per share. Analysts anticipate that Graphic Packaging Holding will post 2.52 earnings per share for the current year.

Graphic Packaging Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, January 5th. Investors of record on Sunday, December 15th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Friday, December 13th. Graphic Packaging's dividend payout ratio is currently 17.09%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GPK. StockNews.com downgraded Graphic Packaging from a "buy" rating to a "hold" rating in a report on Wednesday, October 30th. Royal Bank of Canada reduced their target price 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. Finally, Truist Financial lowered shares of Graphic Packaging from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $32.00 to $30.00 in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $31.53.

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.