Robbert Rietbroek Buys 44,278 Shares of Graphic Packaging (NYSE:GPK) Stock

Graphic Packaging Holding Company (NYSE:GPK) CEO Robbert Rietbroek purchased 44,278 shares of Graphic Packaging stock in a transaction that occurred on Wednesday, March 4th. The shares were bought at an average price of $11.32 per share, for a total transaction of $501,226.96. Following the transaction, the chief executive officer owned 44,278 shares in the company, valued at $501,226.96. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Graphic Packaging Trading Down 0.5%

Shares of NYSE GPK opened at $11.13 on Friday. Graphic Packaging Holding Company has a 1-year low of $11.02 and a 1-year high of $28.19. The company has a 50-day moving average of $13.93 and a two-hundred day moving average of $16.61. The company has a market cap of $3.29 billion, a PE ratio of 7.52 and a beta of 0.65. The company has a current ratio of 1.30, a quick ratio of 0.52 and a debt-to-equity ratio of 1.50.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings results on Monday, March 2nd. The industrial products company reported $0.24 EPS for the quarter. Graphic Packaging had a net margin of 5.15% and a return on equity of 16.58%. The business had revenue of $2.10 billion for the quarter. As a group, equities analysts expect that Graphic Packaging Holding Company will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Sunday, March 15th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, March 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.0%. Graphic Packaging’s payout ratio is presently 29.73%.

Institutional Investors Weigh In On Graphic Packaging

Several large investors have recently bought and sold shares of the company. Transce3nd LLC boosted its position in shares of Graphic Packaging by 8.4% during the second quarter. Transce3nd LLC now owns 6,443 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 500 shares in the last quarter. Elevation Point Wealth Partners LLC raised its stake in Graphic Packaging by 4.3% during the 2nd quarter. Elevation Point Wealth Partners LLC now owns 12,280 shares of the industrial products company’s stock worth $259,000 after buying an additional 510 shares during the period. NewEdge Advisors LLC lifted its holdings in Graphic Packaging by 3.0% during the second quarter. NewEdge Advisors LLC now owns 18,379 shares of the industrial products company’s stock worth $387,000 after acquiring an additional 539 shares in the last quarter. ProShare Advisors LLC grew its stake in Graphic Packaging by 4.6% in the second quarter. ProShare Advisors LLC now owns 13,379 shares of the industrial products company’s stock valued at $282,000 after acquiring an additional 588 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in Graphic Packaging by 17.1% in the fourth quarter. Farther Finance Advisors LLC now owns 4,450 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 651 shares during the period. Institutional investors own 99.67% of the company’s stock.

Wall Street Analysts Forecast Growth

GPK has been the subject of several recent research reports. Zacks Research cut Graphic Packaging from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Graphic Packaging in a research report on Monday, December 29th. Wells Fargo & Company cut their price objective on shares of Graphic Packaging from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Wednesday, February 4th. Truist Financial set a $14.00 target price on shares of Graphic Packaging in a report on Wednesday, February 4th. Finally, UBS Group dropped their target price on shares of Graphic Packaging from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Monday, January 12th. Eight equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $16.63.

Graphic Packaging Company Profile

Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.

Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.