29,934 Shares in Graphic Packaging Holding (NYSE:GPK) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,934 shares of the industrial products company's stock, valued at approximately $886,000.

Several other hedge funds have also modified their holdings of the stock. Cerity Partners LLC grew its stake in shares of Graphic Packaging by 18.2% during the third quarter. Cerity Partners LLC now owns 21,935 shares of the industrial products company's stock valued at $649,000 after purchasing an additional 3,376 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in shares of Graphic Packaging by 2.8% during the third quarter. Kingsview Wealth Management LLC now owns 304,258 shares of the industrial products company's stock valued at $9,003,000 after purchasing an additional 8,388 shares during the last quarter. Nwam LLC bought a new stake in shares of Graphic Packaging during the third quarter valued at approximately $235,000. Citigroup Inc. grew its stake in shares of Graphic Packaging by 6.5% during the third quarter. Citigroup Inc. now owns 1,651,176 shares of the industrial products company's stock valued at $48,858,000 after purchasing an additional 101,479 shares during the last quarter. Finally, Raymond James Trust N.A. bought a new stake in shares of Graphic Packaging during the third quarter valued at approximately $343,000. 99.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in 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 on the stock in a report on Thursday, October 17th. Wells Fargo & Company increased their price objective on shares of Graphic Packaging from $21.00 to $24.00 and gave the company an "underweight" rating in a report on Wednesday, July 31st. StockNews.com lowered shares of Graphic Packaging from a "buy" rating to a "hold" rating in a report on Wednesday, October 30th. Robert W. Baird increased their price objective on shares of Graphic Packaging from $30.00 to $36.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. Finally, Truist Financial lowered shares of Graphic Packaging from a "buy" rating to a "hold" rating and cut their price objective for the company from $32.00 to $30.00 in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Graphic Packaging presently has a consensus rating of "Hold" and a consensus target price of $31.53.

Insider Buying and Selling

In related news, CAO Charles D. Lischer sold 12,000 shares of the firm's stock in a transaction on 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 transaction, the chief accounting officer now owns 49,849 shares of the company's stock, valued at approximately $1,478,022.85. This trade represents a 19.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael James Farrell sold 25,900 shares of the firm's stock in a transaction 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 directly owns 81,026 shares of the company's stock, valued at approximately $2,348,943.74. This trade represents a 24.22 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Graphic Packaging Trading Up 1.4 %

GPK traded up $0.40 during mid-day trading on Thursday, hitting $30.01. The stock had a trading volume of 2,384,577 shares, compared to its average volume of 2,546,506. The stock's fifty day simple moving average is $29.13 and its 200-day simple moving average is $28.40. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 11.51 and a beta of 0.83. Graphic Packaging Holding has a 1-year low of $22.12 and a 1-year high of $30.70.

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

Graphic Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 5th. Investors of record on Sunday, December 15th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.33%. Graphic Packaging's payout ratio is 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.