Graphic Packaging Holding Company $GPK Position Trimmed by Nemes Rush Group LLC

Nemes Rush Group LLC decreased its holdings in Graphic Packaging Holding Company (NYSE:GPK) by 70.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,811 shares of the industrial products company’s stock after selling 63,752 shares during the period. Nemes Rush Group LLC’s holdings in Graphic Packaging were worth $525,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GPK. Transce3nd LLC boosted its holdings 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 during the period. Elevation Point Wealth Partners LLC increased its stake in Graphic Packaging by 4.3% in the 2nd quarter. Elevation Point Wealth Partners LLC now owns 12,280 shares of the industrial products company’s stock valued at $259,000 after buying an additional 510 shares during the period. NewEdge Advisors LLC lifted its position in Graphic Packaging by 3.0% in the 2nd quarter. NewEdge Advisors LLC now owns 18,379 shares of the industrial products company’s stock worth $387,000 after buying an additional 539 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Graphic Packaging by 4.6% during the 2nd quarter. ProShare Advisors LLC now owns 13,379 shares of the industrial products company’s stock valued at $282,000 after buying an additional 588 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Graphic Packaging by 0.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 71,049 shares of the industrial products company’s stock valued at $1,497,000 after buying an additional 660 shares during the period. 99.67% of the stock is owned by hedge funds and other institutional investors.

Graphic Packaging Price Performance

NYSE GPK opened at $10.50 on Wednesday. The stock has a 50-day simple moving average of $13.67 and a 200 day simple moving average of $16.27. Graphic Packaging Holding Company has a twelve month low of $10.31 and a twelve month high of $27.82. The stock has a market capitalization of $3.10 billion, a PE ratio of 7.09 and a beta of 0.65. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.52 and a current ratio of 1.30.

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

Graphic Packaging Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Sunday, March 15th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.44 dividend on an annualized basis and a yield of 4.2%. Graphic Packaging’s payout ratio is 29.73%.

Insider Buying and Selling

In related news, CEO Robbert Rietbroek bought 44,278 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was purchased at an average cost of $11.32 per share, for a total transaction of $501,226.96. Following the purchase, the chief executive officer directly owned 44,278 shares in the company, valued at $501,226.96. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.41% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Graphic Packaging in a research note on Monday, December 29th. Citigroup lowered their target price on Graphic Packaging from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Royal Bank Of Canada set a $13.00 target price on Graphic Packaging in a research report on Wednesday, February 4th. Zacks Research downgraded Graphic Packaging from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Finally, Wells Fargo & Company reduced their price target on Graphic Packaging from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Wednesday, February 4th. Eight analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price 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.