26,849 Shares in Graphic Packaging Holding (NYSE:GPK) Bought by Quest Partners LLC

Quest Partners LLC acquired a new stake in Graphic Packaging Holding (NYSE:GPK - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 26,849 shares of the industrial products company's stock, valued at approximately $794,000.

Several other large investors have also made changes to their positions in the business. 1832 Asset Management L.P. raised its position in Graphic Packaging by 1.1% during the second quarter. 1832 Asset Management L.P. now owns 32,827 shares of the industrial products company's stock worth $860,000 after acquiring an additional 369 shares during the period. Graypoint LLC increased its position in Graphic Packaging by 2.4% during the second quarter. Graypoint LLC now owns 17,473 shares of the industrial products company's stock worth $458,000 after purchasing an additional 402 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Graphic Packaging by 0.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 54,259 shares of the industrial products company's stock worth $1,422,000 after buying an additional 406 shares during the period. Fiduciary Family Office LLC boosted its stake in Graphic Packaging by 2.6% during the second quarter. Fiduciary Family Office LLC now owns 16,811 shares of the industrial products company's stock worth $441,000 after buying an additional 423 shares during the period. Finally, KBC Group NV boosted its stake in Graphic Packaging by 1.8% during the third quarter. KBC Group NV now owns 26,805 shares of the industrial products company's stock worth $793,000 after buying an additional 465 shares during the period. 99.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Michael James Farrell sold 25,900 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $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 accessible through the SEC website. Corporate insiders own 1.20% of the company's stock.

Graphic Packaging Stock Performance

Shares of NYSE GPK traded up $0.46 during mid-day trading on Friday, hitting $29.27. 3,488,803 shares of the company were exchanged, compared to its average volume of 2,548,460. Graphic Packaging Holding has a 1-year low of $22.12 and a 1-year high of $30.70. The company has a quick ratio of 0.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.78. The stock has a 50 day simple moving average of $29.16 and a 200-day simple moving average of $28.34. The firm has a market cap of $8.79 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 10.98 and a beta of 0.83.

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

Graphic Packaging Dividend Announcement

The firm 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 $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Friday, December 13th. Graphic Packaging's payout ratio is 17.09%.

Analyst Upgrades and Downgrades

GPK has been the topic of several recent research reports. Royal Bank of Canada cut 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. Wells Fargo & Company increased their price target on shares of Graphic Packaging from $21.00 to $24.00 and gave the company an "underweight" rating in a research note on Wednesday, July 31st. Truist Financial lowered shares of Graphic Packaging from a "buy" rating to a "hold" rating and dropped their price target for the company from $32.00 to $30.00 in a research note on Wednesday, October 30th. StockNews.com lowered shares of Graphic Packaging from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird increased their price objective on Graphic Packaging from $30.00 to $36.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $31.53.

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.