Metis Global Partners LLC Buys 4,809 Shares of Graphic Packaging Holding (NYSE:GPK)

Metis Global Partners LLC boosted its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 36.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,038 shares of the industrial products company’s stock after acquiring an additional 4,809 shares during the quarter. Metis Global Partners LLC’s holdings in Graphic Packaging were worth $534,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GPK. 1832 Asset Management L.P. increased its holdings in Graphic Packaging by 1.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 32,827 shares of the industrial products company’s stock valued at $860,000 after purchasing an additional 369 shares in the last quarter. Graypoint LLC raised its holdings in shares of Graphic Packaging by 2.4% in the second quarter. Graypoint LLC now owns 17,473 shares of the industrial products company’s stock valued at $458,000 after buying an additional 402 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Graphic Packaging by 0.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 54,259 shares of the industrial products company’s stock worth $1,422,000 after buying an additional 406 shares in the last quarter. Fiduciary Family Office LLC grew its holdings in Graphic Packaging by 2.6% during the 2nd quarter. Fiduciary Family Office LLC now owns 16,811 shares of the industrial products company’s stock worth $441,000 after acquiring an additional 423 shares during the last quarter. Finally, KBC Group NV increased its position in Graphic Packaging by 1.8% in the 3rd quarter. KBC Group NV now owns 26,805 shares of the industrial products company’s stock valued at $793,000 after acquiring an additional 465 shares in the last quarter. 99.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of the company’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 completion of the transaction, the executive vice president now owns 81,026 shares of the company’s stock, valued at $2,348,943.74. This represents a 24.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GPK. Wells Fargo & Company upped 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. StockNews.com lowered Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Royal Bank of Canada dropped their target price on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Truist Financial cut Graphic Packaging from a “buy” rating to a “hold” rating and decreased their price target for the company from $32.00 to $30.00 in a report on Wednesday, October 30th. Finally, Robert W. Baird lifted 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $31.53.

Graphic Packaging Stock Up 0.4 %

Shares of NYSE GPK opened at $28.35 on Tuesday. The firm has a 50 day moving average price of $29.23 and a 200 day moving average price of $28.32. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.72 and a current ratio of 1.73. The stock has a market cap of $8.51 billion, a P/E ratio of 12.12, a P/E/G ratio of 10.98 and a beta of 0.83. Graphic Packaging Holding has a 52-week low of $22.04 and a 52-week high of $30.70.

Graphic Packaging (NYSE:GPK) last posted its 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 during the quarter, compared to analyst estimates 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 was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 earnings per share. Analysts expect that Graphic Packaging Holding will post 2.52 EPS for the current year.

Graphic Packaging Dividend Announcement

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