Graphic Packaging Holding (NYSE:GPK) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. trimmed its position in Graphic Packaging Holding (NYSE:GPK) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 434,530 shares of the industrial products company’s stock after selling 65,782 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.14% of Graphic Packaging worth $11,802,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GPK. UMB Bank n.a. boosted its holdings in shares of Graphic Packaging by 546.6% in the third quarter. UMB Bank n.a. now owns 944 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 798 shares in the last quarter. Truvestments Capital LLC purchased a new stake in Graphic Packaging in the 3rd quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB acquired a new position in Graphic Packaging during the 3rd quarter worth approximately $73,000. GAMMA Investing LLC increased its position in Graphic Packaging by 57.0% during the 3rd quarter. GAMMA Investing LLC now owns 4,308 shares of the industrial products company’s stock worth $127,000 after purchasing an additional 1,564 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Graphic Packaging by 13.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,816 shares of the industrial products company’s stock valued at $152,000 after buying an additional 699 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.

Graphic Packaging Stock Down 1.7 %

NYSE:GPK traded down $0.45 during mid-day trading on Friday, reaching $26.24. The stock had a trading volume of 399,547 shares, compared to its average volume of 2,031,384. 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 has a market capitalization of $7.88 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 11.42 and a beta of 0.85. Graphic Packaging Holding has a 1-year low of $23.47 and a 1-year high of $30.70. The stock’s 50 day simple moving average is $28.46 and its two-hundred day simple moving average is $28.51.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period last year, the company earned $0.74 earnings per share. The business’s quarterly 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th were given a $0.10 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.40 annualized dividend and a dividend yield of 1.52%. Graphic Packaging’s dividend payout ratio (DPR) is presently 17.09%.

Wall Street Analyst Weigh In

GPK has been the subject of several research analyst reports. Citigroup reiterated a “neutral” rating and issued a $30.00 price objective (down previously from $33.00) on shares of Graphic Packaging in a research report on Monday. StockNews.com cut shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Royal Bank of Canada dropped their price objective 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. Truist Financial upped their target price on Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a report on Monday. Finally, Wells Fargo & Company upgraded shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $24.00 to $27.00 in a research report on Monday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Graphic Packaging currently has an average rating of “Hold” and an average target price of $32.37.

Insider Buying and Selling at Graphic Packaging

In other 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 transaction of $750,841.00. Following the sale, the executive vice president now owns 81,026 shares in the company, valued at approximately $2,348,943.74. This 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 is accessible through this link. Also, CAO Charles D. Lischer sold 12,000 shares of the firm’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 completion of the transaction, the chief accounting officer now owns 49,849 shares in the company, valued at approximately $1,478,022.85. This represents a 19.40 % decrease in their position. The disclosure for this sale can be found here. Company 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.