Graphic Packaging Holding (NYSE:GPK) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA lowered its position in Graphic Packaging Holding (NYSE:GPK) by 34.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 619,010 shares of the industrial products company’s stock after selling 323,585 shares during the period. Glenmede Trust Co. NA owned about 0.21% of Graphic Packaging worth $18,317,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on GPK shares. StockNews.com downgraded Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Truist Financial lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $32.00 to $30.00 in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada dropped their target price on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.53.

Insider Buying and Selling

In related news, EVP Michael James Farrell sold 25,900 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total value 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. This trade represents a 24.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 value of $355,800.00. Following the sale, the chief accounting officer now directly owns 49,849 shares of the company’s stock, valued at approximately $1,478,022.85. This trade represents a 19.40 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Graphic Packaging Trading Up 1.4 %

Shares of GPK stock opened at $30.01 on Friday. Graphic Packaging Holding has a twelve month low of $22.12 and a twelve month high of $30.70. The company has a market capitalization of $9.01 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 11.51 and a beta of 0.83. The firm has a 50-day moving average price of $29.13 and a 200 day moving average price of $28.40. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78.

Graphic Packaging (NYSE:GPK) last announced 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 firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The business’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 EPS. Research analysts forecast that Graphic Packaging Holding will post 2.52 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, January 5th. Investors of record on Sunday, December 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.40 annualized dividend and a yield of 1.33%. Graphic Packaging’s payout ratio is currently 17.09%.

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.