Stephens Inc. AR Buys 1,455 Shares of Graphic Packaging Holding (NYSE:GPK)

Stephens Inc. AR increased its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 36,227 shares of the industrial products company’s stock after buying an additional 1,455 shares during the period. Stephens Inc. AR’s holdings in Graphic Packaging were worth $1,072,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of Graphic Packaging by 10.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,795 shares of the industrial products company’s stock valued at $636,000 after purchasing an additional 1,976 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Graphic Packaging by 43.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 202,727 shares of the industrial products company’s stock worth $5,916,000 after buying an additional 61,102 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Graphic Packaging by 33.6% in the first quarter. Commonwealth Equity Services LLC now owns 26,313 shares of the industrial products company’s stock valued at $768,000 after acquiring an additional 6,612 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Graphic Packaging by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 145,391 shares of the industrial products company’s stock valued at $4,243,000 after acquiring an additional 5,473 shares in the last quarter. Finally, Capstone Investment Advisors LLC raised its stake in Graphic Packaging by 30.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 18,481 shares of the industrial products company’s stock worth $539,000 after purchasing an additional 4,267 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on GPK shares. 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. Citigroup cut their target price on Graphic Packaging from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, July 8th. Robert W. Baird boosted their price target on Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Stifel Nicolaus started coverage on shares of Graphic Packaging in a research note on Tuesday, July 9th. They set a “buy” rating and a $35.20 price objective on the stock. Finally, Truist Financial cut shares of Graphic Packaging from a “buy” rating to a “hold” rating and dropped their target price for the company from $32.00 to $30.00 in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $31.53.

Insider Buying and Selling

In other Graphic Packaging news, CEO Michael P. Doss sold 49,183 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $27.91, for a total value of $1,372,697.53. Following the completion of the transaction, the chief executive officer now directly owns 1,909,576 shares in the company, valued at approximately $53,296,266.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Graphic Packaging news, CEO Michael P. Doss sold 86,374 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $28.05, for a total value of $2,422,790.70. Following the completion of the transaction, the chief executive officer now directly owns 2,123,202 shares in the company, valued at approximately $59,555,816.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael P. Doss sold 49,183 shares of Graphic Packaging stock in a transaction on Friday, August 9th. The stock was sold at an average price of $27.91, for a total transaction of $1,372,697.53. Following the transaction, the chief executive officer now owns 1,909,576 shares in the company, valued at approximately $53,296,266.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Graphic Packaging Stock Down 1.7 %

Shares of NYSE GPK opened at $27.80 on Tuesday. The stock has a 50-day moving average price of $29.37 and a two-hundred day moving average price of $28.20. Graphic Packaging Holding has a 12 month low of $21.25 and a 12 month high of $30.70. The company has a current ratio of 1.73, a quick ratio of 0.58 and a debt-to-equity ratio of 1.78. The company has a market cap of $8.34 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 10.99 and a beta of 0.83.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.04). The company 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%. Graphic Packaging’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.74 EPS. As a group, analysts forecast that Graphic Packaging Holding will post 2.52 earnings per share for the current fiscal year.

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.