Joseph P. Yost Sells 50,000 Shares of Graphic Packaging Holding (GPK) Stock
Graphic Packaging Holding (NYSE:GPK) SVP Joseph P. Yost sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $15.00, for a total value of $750,000.00. Following the completion of the sale, the senior vice president now directly owns 306,926 shares of the company’s stock, valued at approximately $4,603,890. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Graphic Packaging Holding (GPK) traded up $0.17 during trading on Monday, reaching $15.27. The company’s stock had a trading volume of 971,386 shares, compared to its average volume of 3,128,870. The company has a quick ratio of 0.63, a current ratio of 1.37 and a debt-to-equity ratio of 1.71. Graphic Packaging Holding has a 12-month low of $12.46 and a 12-month high of $16.74. The firm has a market capitalization of $4,676.71, a PE ratio of 23.59, a PEG ratio of 3.30 and a beta of 1.16.
Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.02). The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Graphic Packaging had a net margin of 6.82% and a return on equity of 17.09%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. analysts expect that Graphic Packaging Holding will post 0.92 earnings per share for the current fiscal year.
GPK has been the subject of a number of research reports. Zacks Investment Research raised Graphic Packaging from a “sell” rating to a “hold” rating and set a $18.00 price objective for the company in a research note on Monday, January 8th. BMO Capital Markets reissued a “buy” rating and issued a $18.00 price objective on shares of Graphic Packaging in a research note on Thursday, January 25th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $19.00 price objective on shares of Graphic Packaging in a research note on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Graphic Packaging currently has a consensus rating of “Buy” and an average price target of $17.21.
Large investors have recently made changes to their positions in the stock. American International Group Inc. purchased a new position in shares of Graphic Packaging during the fourth quarter valued at approximately $109,000. Cutler Group LP boosted its position in shares of Graphic Packaging by 706.7% during the fourth quarter. Cutler Group LP now owns 8,204 shares of the industrial products company’s stock valued at $126,000 after buying an additional 7,187 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Graphic Packaging by 6.6% during the second quarter. The Manufacturers Life Insurance Company now owns 12,512 shares of the industrial products company’s stock valued at $172,000 after buying an additional 774 shares during the last quarter. Capital Fund Management S.A. purchased a new position in shares of Graphic Packaging during the fourth quarter valued at approximately $232,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Graphic Packaging by 42.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,841 shares of the industrial products company’s stock valued at $260,000 after buying an additional 5,023 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors.
About Graphic Packaging
Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.
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