Graphic Packaging Holding (NYSE:GPK) Stock Holdings Cut by XTX Topco Ltd

XTX Topco Ltd cut its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 15.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,818 shares of the industrial products company’s stock after selling 5,581 shares during the quarter. XTX Topco Ltd’s holdings in Graphic Packaging were worth $882,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of GPK. SG Americas Securities LLC bought a new position in Graphic Packaging during the second quarter valued at about $258,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Graphic Packaging by 5.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 23,020 shares of the industrial products company’s stock valued at $603,000 after acquiring an additional 1,225 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Graphic Packaging by 10.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 30,119 shares of the industrial products company’s stock valued at $789,000 after acquiring an additional 2,860 shares during the period. Fiduciary Financial Group LLC acquired a new position in Graphic Packaging in the second quarter valued at approximately $268,000. Finally, Ellsworth Advisors LLC boosted its stake in Graphic Packaging by 2.9% in the second quarter. Ellsworth Advisors LLC now owns 160,135 shares of the industrial products company’s stock valued at $4,197,000 after acquiring an additional 4,467 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Graphic Packaging Price Performance

GPK stock opened at $29.54 on Wednesday. The company has a 50 day simple moving average of $29.18 and a 200 day simple moving average of $28.53. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 11.48 and a beta of 0.83. Graphic Packaging Holding has a 1 year low of $22.76 and a 1 year 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.

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

Graphic Packaging Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, January 5th. Shareholders of record on Sunday, December 15th will be issued 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 1.35%. Graphic Packaging’s payout ratio is 17.09%.

Insider Activity

In other news, CAO Charles D. Lischer sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $29.65, for a total value of $355,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 49,849 shares in the company, valued at approximately $1,478,022.85. This trade represents a 19.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael James Farrell sold 25,900 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total transaction of $750,841.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GPK. Truist Financial cut 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 report on Wednesday, October 30th. Finally, Royal Bank of Canada lowered their price target 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $31.53.

Graphic Packaging Company 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.