Graphic Packaging Holding (NYSE:GPK) Holdings Decreased by Verition Fund Management LLC

Verition Fund Management LLC reduced its holdings in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 57.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 375,101 shares of the industrial products company's stock after selling 499,672 shares during the quarter. Verition Fund Management LLC owned 0.12% of Graphic Packaging worth $11,099,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. raised 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 buying an additional 798 shares during the period. Truvestments Capital LLC acquired a new position in shares of Graphic Packaging during the third quarter worth $30,000. LRI Investments LLC purchased a new position in shares of Graphic Packaging in the first quarter valued at $38,000. GAMMA Investing LLC grew its holdings in 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 purchasing an additional 868 shares in the last quarter. Finally, Atlas Capital Advisors LLC purchased a new stake in Graphic Packaging during the 2nd quarter worth $88,000. Institutional investors and hedge funds own 99.67% of the company's stock.

Wall Street Analysts Forecast Growth

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

Graphic Packaging Stock Up 0.3 %

NYSE:GPK traded up $0.08 during mid-day trading on Friday, reaching $30.09. The stock had a trading volume of 1,022,415 shares, compared to its average volume of 1,967,045. The stock's 50 day simple moving average is $29.12 and its two-hundred day simple moving average is $28.43. Graphic Packaging Holding has a 1-year low of $22.49 and a 1-year high of $30.70. The company has a market capitalization of $9.03 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 11.70 and a beta of 0.83. 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 issued 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). 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 in the previous year, the business posted $0.74 EPS. Graphic Packaging's revenue was down 5.7% compared to the same quarter last year. Equities analysts anticipate that Graphic Packaging Holding will post 2.52 EPS for the current year.

Graphic Packaging Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th will be given a $0.10 dividend. The ex-dividend date of this dividend 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 currently 17.09%.

Insider Activity

In related news, EVP Michael James Farrell sold 25,900 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total value of $750,841.00. Following the sale, the executive vice president now owns 81,026 shares of the company's stock, valued at $2,348,943.74. This trade represents a 24.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Charles D. Lischer sold 12,000 shares of the business'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 directly owns 49,849 shares of the company's stock, valued at $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. Company insiders own 1.20% of the company's stock.

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.