Graphic Packaging Holding (NYSE:GPK) Shares Bought by Barclays PLC

Barclays PLC raised its holdings in Graphic Packaging Holding (NYSE:GPK - Free Report) by 8.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 637,199 shares of the industrial products company's stock after purchasing an additional 51,451 shares during the quarter. Barclays PLC owned about 0.21% of Graphic Packaging worth $18,854,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in GPK. Hsbc Holdings PLC increased its position in Graphic Packaging by 268.7% in the 2nd quarter. Hsbc Holdings PLC now owns 51,261 shares of the industrial products company's stock valued at $1,350,000 after acquiring an additional 37,358 shares during the period. XTX Topco Ltd acquired a new position in shares of Graphic Packaging in the second quarter valued at approximately $928,000. Raymond James & Associates increased its holdings in shares of Graphic Packaging by 23.9% in the third quarter. Raymond James & Associates now owns 707,969 shares of the industrial products company's stock valued at $20,949,000 after purchasing an additional 136,342 shares during the period. Private Advisor Group LLC raised its stake in shares of Graphic Packaging by 26.1% during the third quarter. Private Advisor Group LLC now owns 27,575 shares of the industrial products company's stock worth $816,000 after purchasing an additional 5,699 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Graphic Packaging during the second quarter worth $524,000. 99.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Graphic Packaging

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

Analyst Upgrades and Downgrades

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

Graphic Packaging Trading Down 0.2 %

Shares of NYSE:GPK traded down $0.06 during midday trading on Friday, reaching $29.37. The company's stock had a trading volume of 1,398,834 shares, compared to its average volume of 2,517,854. The business has a 50 day moving average price of $29.22 and a 200 day moving average price of $28.57. Graphic Packaging Holding has a 1 year low of $23.47 and a 1 year high of $30.70. The firm has a market cap of $8.82 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 11.42 and a beta of 0.83. 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 posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.04). The business had revenue of $2.22 billion during 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%. The firm's quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.74 EPS. Research analysts forecast that Graphic Packaging Holding will post 2.52 EPS for the current year.

Graphic Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, January 5th. Shareholders of record on Sunday, December 15th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Friday, December 13th. Graphic Packaging's dividend payout ratio is currently 17.09%.

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.