Nwam LLC Takes Position in Graphic Packaging Holding (NYSE:GPK)

Nwam LLC bought a new stake in Graphic Packaging Holding (NYSE:GPK) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,933 shares of the industrial products company’s stock, valued at approximately $235,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its holdings in shares of Graphic Packaging by 4.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 832,035 shares of the industrial products company’s stock worth $23,907,000 after acquiring an additional 33,691 shares during the last quarter. Cetera Investment Advisers increased its position in Graphic Packaging by 99.6% during the 1st quarter. Cetera Investment Advisers now owns 104,490 shares of the industrial products company’s stock worth $3,049,000 after purchasing an additional 52,139 shares in the last quarter. Hsbc Holdings PLC raised its stake in Graphic Packaging by 268.7% in the 2nd quarter. Hsbc Holdings PLC now owns 51,261 shares of the industrial products company’s stock valued at $1,350,000 after purchasing an additional 37,358 shares during the last quarter. XTX Topco Ltd purchased a new position in Graphic Packaging in the 2nd quarter valued at about $928,000. Finally, BDF Gestion acquired a new stake in shares of Graphic Packaging during the 2nd quarter worth about $1,823,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Graphic Packaging Stock Performance

Shares of GPK stock opened at $29.63 on Tuesday. The firm has a market capitalization of $8.89 billion, a P/E ratio of 12.65, a P/E/G ratio of 11.38 and a beta of 0.83. Graphic Packaging Holding has a 12 month low of $22.12 and a 12 month 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. The company’s fifty day moving average price is $29.15 and its two-hundred day moving average price is $28.37.

Graphic Packaging (NYSE:GPK) last posted its quarterly 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 business 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 company’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period last year, the firm posted $0.74 earnings per share. On average, research analysts anticipate that Graphic Packaging Holding will post 2.52 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

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 paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a yield of 1.35%. Graphic Packaging’s payout ratio is currently 17.09%.

Analyst Ratings Changes

GPK has been the topic of several recent analyst reports. Truist Financial downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating and reduced their price objective 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 report on Wednesday, October 30th. Wells Fargo & Company lifted their price target 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. Royal Bank of Canada dropped their price target on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Finally, Robert W. Baird increased their price objective on shares of Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Graphic Packaging currently has an average rating of “Hold” and a consensus price target of $31.53.

Insiders Place Their Bets

In other news, EVP Michael James Farrell sold 25,900 shares of Graphic Packaging 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 sale, the executive vice president now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.20% of the stock is owned by corporate insiders.

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.