Farther Finance Advisors LLC Has $561,000 Holdings in Graphic Packaging Holding (NYSE:GPK)

Farther Finance Advisors LLC lifted its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 663.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,949 shares of the industrial products company’s stock after buying an additional 16,467 shares during the period. Farther Finance Advisors LLC’s holdings in Graphic Packaging were worth $561,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GPK. American Century Companies Inc. increased its holdings in Graphic Packaging by 41.9% in the second quarter. American Century Companies Inc. now owns 12,115,566 shares of the industrial products company’s stock valued at $317,549,000 after purchasing an additional 3,576,877 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Graphic Packaging by 24.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company’s stock valued at $437,945,000 after purchasing an additional 2,927,344 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Graphic Packaging by 7.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,600,600 shares of the industrial products company’s stock valued at $251,632,000 after purchasing an additional 706,486 shares during the period. Sei Investments Co. increased its holdings in Graphic Packaging by 33.2% in the second quarter. Sei Investments Co. now owns 1,719,878 shares of the industrial products company’s stock valued at $45,078,000 after purchasing an additional 428,278 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its holdings in Graphic Packaging by 171.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 603,023 shares of the industrial products company’s stock valued at $17,631,000 after purchasing an additional 381,112 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Graphic Packaging

In other news, CEO Michael P. Doss sold 49,183 shares of the stock in a transaction dated Friday, August 9th. The shares were 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 of the company’s stock, valued at $53,296,266.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. 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. Truist Financial downgraded Graphic Packaging from a “buy” rating to a “hold” rating and decreased their price target for the stock from $32.00 to $30.00 in a report on Wednesday, October 30th. Robert W. Baird increased their price target on Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. StockNews.com downgraded Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company increased their price target on Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a report on Wednesday, July 31st. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.53.

Graphic Packaging Price Performance

GPK stock opened at $29.04 on Thursday. The stock has a market capitalization of $8.72 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 10.81 and a beta of 0.83. The company’s 50-day moving average is $29.29 and its 200-day moving average is $28.22. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72. Graphic Packaging Holding has a 1 year low of $21.25 and a 1 year high of $30.70.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings data 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 company had revenue of $2.22 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company earned $0.74 EPS. Equities research analysts expect that Graphic Packaging Holding will post 2.52 EPS 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.