Graphic Packaging Holding (NYSE:GPK) Position Trimmed by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 19.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,182 shares of the industrial products company’s stock after selling 24,853 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Graphic Packaging were worth $3,024,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in GPK. UMB Bank n.a. boosted its stake in Graphic Packaging by 546.6% in the 3rd quarter. UMB Bank n.a. now owns 944 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 798 shares during the period. LRI Investments LLC bought a new position in shares of Graphic Packaging during the 1st quarter valued at $38,000. GAMMA Investing LLC raised its holdings in shares of Graphic Packaging by 46.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 868 shares in the last quarter. Atlas Capital Advisors LLC bought a new position in shares of Graphic Packaging during the 2nd quarter valued at $88,000. Finally, LGT Group Foundation bought a new position in Graphic Packaging in the 1st quarter worth $134,000. 99.67% of the stock is currently owned by institutional investors.

Insider Transactions at Graphic Packaging

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of the stock in a transaction dated 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 in the company, valued at $2,348,943.74. This trade 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 available through this link. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on GPK. StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Royal Bank of Canada decreased their target price on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Truist Financial lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating and decreased their target price for the company from $32.00 to $30.00 in a research report on Wednesday, October 30th. Robert W. Baird lifted their target price on shares of Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company upped their price objective on shares of Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Graphic Packaging has a consensus rating of “Hold” and a consensus price target of $31.53.

Graphic Packaging Price Performance

Shares of NYSE:GPK opened at $28.35 on Tuesday. The stock has a market capitalization of $8.51 billion, a PE ratio of 12.12, a PEG ratio of 10.98 and a beta of 0.83. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78. The firm has a 50 day moving average of $29.23 and a 200-day moving average of $28.32. Graphic Packaging Holding has a 12 month low of $22.04 and a 12 month high of $30.70.

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

Graphic Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th will be paid a $0.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. Graphic Packaging’s payout ratio is 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.