World Investment Advisors LLC Takes Position in Graphic Packaging Holding (NYSE:GPK)

World Investment Advisors LLC purchased a new stake in Graphic Packaging Holding (NYSE:GPK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,980 shares of the industrial products company’s stock, valued at approximately $414,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GPK. UMB Bank n.a. grew its holdings in shares of Graphic Packaging by 546.6% in the 3rd 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. Truvestments Capital LLC acquired a new position in shares of Graphic Packaging in the 3rd quarter valued at $30,000. Atlas Capital Advisors LLC acquired a new position in shares of Graphic Packaging in the 2nd quarter valued at $88,000. GAMMA Investing LLC grew its holdings in shares of Graphic Packaging by 57.0% in the 3rd quarter. GAMMA Investing LLC now owns 4,308 shares of the industrial products company’s stock valued at $127,000 after buying an additional 1,564 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew 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. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Stock Down 1.0 %

Shares of Graphic Packaging stock opened at $28.74 on Wednesday. The business’s 50 day simple moving average is $29.23 and its 200 day simple moving average is $28.58. Graphic Packaging Holding has a 52-week low of $23.47 and a 52-week high of $30.70. The firm has a market cap of $8.63 billion, a PE ratio of 12.28, a P/E/G ratio of 11.42 and a beta of 0.83. 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 (NYSE:GPK) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.04). The company 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 firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period last year, the firm earned $0.74 EPS. On average, analysts predict that Graphic Packaging Holding will post 2.52 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, January 5th. Shareholders of record on Sunday, December 15th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, December 13th. Graphic Packaging’s dividend payout ratio (DPR) is 17.09%.

Analyst Ratings Changes

GPK has been the subject of a number of research reports. Truist Financial cut Graphic Packaging from a “buy” rating to a “hold” rating and lowered their target price for the stock from $32.00 to $30.00 in a report on Wednesday, October 30th. Royal Bank of Canada decreased their price objective on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Finally, StockNews.com lowered Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.53.

Insiders Place Their Bets

In related news, CAO Charles D. Lischer sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $29.65, for a total transaction of $355,800.00. Following the transaction, the chief accounting officer now directly owns 49,849 shares of the company’s stock, valued at approximately $1,478,022.85. The trade was a 19.40 % decrease in their position. 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 business’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 value of $750,841.00. Following the transaction, the executive vice president now directly owns 81,026 shares in the company, valued at $2,348,943.74. The trade was a 24.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

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.