Markel Group Inc. Has $11.68 Million Position in Graphic Packaging Holding (NYSE:GPK)

Markel Group Inc. grew its position in Graphic Packaging Holding (NYSE:GPK - Free Report) by 17.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 394,725 shares of the industrial products company's stock after purchasing an additional 60,000 shares during the period. Markel Group Inc. owned about 0.13% of Graphic Packaging worth $11,680,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. increased 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 valued at $28,000 after acquiring an additional 798 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Graphic Packaging during the 1st quarter valued at about $38,000. GAMMA Investing LLC increased its holdings in shares of Graphic Packaging by 46.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company's stock valued at $72,000 after acquiring an additional 868 shares during the last quarter. Atlas Capital Advisors LLC acquired a new position in shares of Graphic Packaging during the 2nd quarter valued at about $88,000. Finally, LGT Group Foundation acquired a new position in shares of Graphic Packaging during the 1st quarter valued at about $134,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Truist Financial lowered Graphic Packaging from a "buy" rating to a "hold" rating and lowered their target price for the company from $32.00 to $30.00 in a report on Wednesday, October 30th. Royal Bank of Canada lowered their target price on Graphic Packaging from $35.00 to $34.00 and set an "outperform" rating on the stock in a report on Thursday, October 17th. StockNews.com lowered Graphic Packaging from a "buy" rating to a "hold" rating in a report on Wednesday, October 30th. Robert W. Baird raised their target price on Graphic Packaging from $30.00 to $36.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Company raised their target price on Graphic Packaging from $21.00 to $24.00 and gave the company an "underweight" rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Graphic Packaging has a consensus rating of "Hold" and a consensus price target of $31.53.

Insiders Place Their Bets

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 directly owns 81,026 shares in the company, valued at approximately $2,348,943.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company's stock.

Graphic Packaging Price Performance

Shares of Graphic Packaging stock traded up $0.43 during midday trading on Friday, hitting $29.48. 2,166,523 shares of the company were exchanged, compared to its average volume of 3,267,799. The firm has a 50 day simple moving average of $29.28 and a 200-day simple moving average of $28.24. The firm has a market cap of $8.85 billion, a P/E ratio of 12.60, a PEG ratio of 11.29 and a beta of 0.83. Graphic Packaging Holding has a 52 week low of $21.25 and a 52 week high of $30.70. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its 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 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 firm's quarterly revenue was down 5.7% on a year-over-year basis. During the same period last year, the business posted $0.74 earnings per share. Research analysts forecast that Graphic Packaging Holding will post 2.52 earnings per share for the current year.

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.