Citigroup Inc. Has $48.86 Million Position in Graphic Packaging Holding (NYSE:GPK)

Citigroup Inc. boosted its holdings in Graphic Packaging Holding (NYSE:GPK) by 6.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,651,176 shares of the industrial products company’s stock after buying an additional 101,479 shares during the period. Citigroup Inc. owned approximately 0.55% of Graphic Packaging worth $48,858,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. UMB Bank n.a. lifted its holdings in 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 buying an additional 798 shares during the period. LRI Investments LLC acquired a new position in Graphic Packaging in the first quarter valued at approximately $38,000. GAMMA Investing LLC raised its holdings in Graphic Packaging by 46.3% in the second quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 868 shares during the period. Atlas Capital Advisors LLC acquired a new stake in Graphic Packaging in the second quarter worth $88,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Graphic Packaging by 13.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,816 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 699 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Graphic Packaging

In related news, EVP Michael James Farrell sold 25,900 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total value 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 approximately $2,348,943.74. This trade represents a 24.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. StockNews.com lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Robert W. Baird increased their target price on shares of Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Truist Financial lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating and cut their target price for the stock from $32.00 to $30.00 in a report on Wednesday, October 30th. Wells Fargo & Company increased their target price on shares of Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada cut their target price on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $31.53.

Graphic Packaging Trading Up 1.6 %

Shares of NYSE:GPK opened at $29.28 on Monday. Graphic Packaging Holding has a 12 month low of $22.12 and a 12 month high of $30.70. The company has a quick ratio of 0.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.78. The company’s fifty day simple moving average is $29.15 and its 200 day simple moving average is $28.37. The firm has a market cap of $8.79 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 11.20 and a beta of 0.83.

Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.27 billion. Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period last year, the business posted $0.74 EPS. As a group, research analysts forecast that Graphic Packaging Holding will post 2.52 EPS for the current fiscal year.

Graphic Packaging Announces Dividend

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 given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Friday, December 13th. Graphic Packaging’s dividend payout ratio (DPR) 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.