Insider Selling: Graphic Packaging Holding (NYSE:GPK) EVP Sells 25,900 Shares of Stock

Graphic Packaging Holding (NYSE:GPK) EVP Michael James Farrell sold 25,900 shares of the firm’s 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 directly owns 81,026 shares in the company, valued at $2,348,943.74. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Graphic Packaging Stock Performance

Shares of NYSE GPK traded up $0.01 during trading on Thursday, reaching $29.05. The stock had a trading volume of 2,475,836 shares, compared to its average volume of 2,584,752. The stock has a market cap of $8.72 billion, a PE ratio of 12.41, a P/E/G ratio of 10.81 and a beta of 0.83. The firm’s 50 day moving average price is $29.29 and its two-hundred day moving average price is $28.22. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.72 and a current ratio of 1.73. Graphic Packaging Holding has a one year low of $21.25 and a one year high of $30.70.

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 analysts’ consensus estimates of $0.68 by ($0.04). The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.27 billion. Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The company’s revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 EPS. On average, research analysts forecast that Graphic Packaging Holding will post 2.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GPK has been the topic of several analyst reports. Royal Bank of Canada reduced their price target on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Truist Financial lowered 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 report on Wednesday, October 30th. Wells Fargo & Company boosted their price objective 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. Robert W. Baird boosted their price objective on shares of Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, StockNews.com lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Graphic Packaging presently has a consensus rating of “Hold” and a consensus price target of $31.53.

Institutional Trading of Graphic Packaging

Large investors have recently modified their holdings of the company. Quest Partners LLC acquired a new position in Graphic Packaging during the 3rd quarter valued at $794,000. Chesapeake Capital Corp IL raised its stake in Graphic Packaging by 27.9% during the 3rd quarter. Chesapeake Capital Corp IL now owns 17,955 shares of the industrial products company’s stock valued at $530,000 after purchasing an additional 3,918 shares during the last quarter. Metis Global Partners LLC raised its stake in Graphic Packaging by 36.4% during the 3rd quarter. Metis Global Partners LLC now owns 18,038 shares of the industrial products company’s stock valued at $534,000 after purchasing an additional 4,809 shares during the last quarter. KBC Group NV raised its stake in Graphic Packaging by 1.8% during the 3rd quarter. KBC Group NV now owns 26,805 shares of the industrial products company’s stock valued at $793,000 after purchasing an additional 465 shares during the last quarter. Finally, MQS Management LLC acquired a new position in Graphic Packaging during the 3rd quarter valued at $454,000. 99.67% of the stock is owned by institutional investors.

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.