KBC Group NV Has $793,000 Position in Graphic Packaging Holding (NYSE:GPK)

KBC Group NV boosted its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,805 shares of the industrial products company’s stock after buying an additional 465 shares during the period. KBC Group NV’s holdings in Graphic Packaging were worth $793,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. UMB Bank n.a. raised 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 worth $28,000 after acquiring an additional 798 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of Graphic Packaging in the first quarter worth approximately $38,000. GAMMA Investing LLC lifted its holdings in shares of Graphic Packaging by 46.3% in the second 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 purchased a new position in shares of Graphic Packaging during the second quarter valued at approximately $88,000. Finally, LGT Group Foundation bought a new stake in Graphic Packaging during the first quarter worth $134,000. 99.67% of the stock is owned by institutional investors.

Graphic Packaging Trading Up 0.4 %

Shares of GPK opened at $28.35 on Tuesday. Graphic Packaging Holding has a fifty-two week low of $22.04 and a fifty-two week high of $30.70. The business has a 50-day moving average of $29.23 and a 200 day moving average of $28.32. The firm has a market cap of $8.51 billion, a P/E ratio of 12.12, a price-to-earnings-growth ratio of 10.98 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 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 business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. Graphic Packaging’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 EPS. As a group, research analysts forecast that Graphic Packaging Holding will post 2.52 EPS for the current year.

Graphic Packaging Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Friday, December 13th. Graphic Packaging’s dividend payout ratio (DPR) is presently 17.09%.

Insider Activity at Graphic Packaging

In related news, EVP Michael James Farrell sold 25,900 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,348,943.74. The trade was a 24.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

GPK has been the topic of a number of analyst reports. Robert W. Baird lifted their price objective 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. Royal Bank of Canada reduced their price objective on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Wells Fargo & Company lifted their target price on shares of Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 31st. Truist Financial cut Graphic Packaging from a “buy” rating to a “hold” rating and cut their price objective for the stock from $32.00 to $30.00 in a research report on Wednesday, October 30th. Finally, StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. One equities 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $31.53.

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.