Tidal Investments LLC Has $1.42 Million Position in Graphic Packaging Holding (NYSE:GPK)

Tidal Investments LLC increased its holdings in Graphic Packaging Holding (NYSE:GPK - Free Report) by 75.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,090 shares of the industrial products company's stock after purchasing an additional 20,604 shares during the quarter. Tidal Investments LLC's holdings in Graphic Packaging were worth $1,423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GPK. UMB Bank n.a. boosted its position in shares of Graphic Packaging by 546.6% in the 3rd quarter. UMB Bank n.a. now owns 944 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 798 shares during the period. Truvestments Capital LLC purchased a new position in shares of Graphic Packaging in the third quarter worth approximately $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Graphic Packaging during the third quarter valued at approximately $73,000. Atlas Capital Advisors LLC acquired a new stake in Graphic Packaging during the 2nd quarter valued at $88,000. Finally, GAMMA Investing LLC raised its position in Graphic Packaging by 57.0% during the third quarter. GAMMA Investing LLC now owns 4,308 shares of the industrial products company's stock valued at $127,000 after buying an additional 1,564 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.

Graphic Packaging Stock Performance

NYSE:GPK traded down $0.16 during trading hours on Thursday, hitting $27.40. 2,316,499 shares of the company traded hands, compared to its average volume of 2,510,001. The firm has a 50-day moving average of $29.20 and a 200 day moving average of $28.57. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 11.42 and a beta of 0.83. Graphic Packaging Holding has a twelve month low of $23.47 and a twelve month high of $30.70.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its quarterly earnings data 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 company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.27 billion. Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The business's revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 earnings per share. On average, analysts forecast that Graphic Packaging Holding will post 2.52 EPS 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. The ex-dividend date is Friday, December 13th. This represents a $0.40 annualized dividend and a yield of 1.46%. Graphic Packaging's dividend payout ratio (DPR) is 17.09%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. StockNews.com lowered shares of Graphic Packaging from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Truist Financial lowered Graphic Packaging from a "buy" rating to a "hold" rating and cut their target price for the company from $32.00 to $30.00 in a report on Wednesday, October 30th. Finally, Royal Bank of Canada reduced their price target on Graphic Packaging from $35.00 to $34.00 and set an "outperform" rating for the company in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $31.53.

Insiders Place Their Bets

In related 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 value of $750,841.00. Following the completion of the sale, the executive vice president now directly owns 81,026 shares in the company, valued at $2,348,943.74. This trade represents a 24.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Charles D. Lischer sold 12,000 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $29.65, for a total transaction of $355,800.00. Following the transaction, the chief accounting officer now owns 49,849 shares in the company, valued at approximately $1,478,022.85. The trade was a 19.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

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.