Graphic Packaging Holding (NYSE:GPK) Holdings Reduced by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC trimmed its position in shares of Graphic Packaging Holding (NYSE:GPK) by 4.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 586,807 shares of the industrial products company’s stock after selling 26,120 shares during the period. Graphic Packaging makes up about 3.5% of Hunter Perkins Capital Management LLC’s holdings, making the stock its 5th largest holding. Hunter Perkins Capital Management LLC owned about 0.19% of Graphic Packaging worth $17,398,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA boosted its holdings in shares of Graphic Packaging by 7.2% in the third quarter. Compagnie Lombard Odier SCmA now owns 88,852 shares of the industrial products company’s stock valued at $2,629,000 after acquiring an additional 5,994 shares during the period. Burns Matteson Capital Management LLC purchased a new position in shares of Graphic Packaging in the 3rd quarter valued at approximately $380,000. Fiduciary Financial Group LLC increased its holdings in shares of Graphic Packaging by 12.0% in the third quarter. Fiduciary Financial Group LLC now owns 10,735 shares of the industrial products company’s stock valued at $308,000 after purchasing an additional 1,149 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Graphic Packaging by 24.9% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 88,900 shares of the industrial products company’s stock worth $2,636,000 after purchasing an additional 17,700 shares during the last quarter. Finally, Capital Insight Partners LLC lifted its stake in shares of Graphic Packaging by 3.7% in the 3rd quarter. Capital Insight Partners LLC now owns 45,260 shares of the industrial products company’s stock worth $1,339,000 after acquiring an additional 1,600 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, 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 completion of the sale, the chief executive officer now directly owns 1,909,576 shares of the company’s stock, valued at $53,296,266.16. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Michael P. Doss sold 49,183 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 1,909,576 shares of the company’s stock, valued at $53,296,266.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael P. Doss sold 86,374 shares of the 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 sale, the chief executive officer now directly owns 2,123,202 shares of the company’s stock, valued at approximately $59,555,816.10. The trade was 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 Price Performance

Shares of NYSE GPK traded up $0.02 during mid-day trading on Wednesday, reaching $29.38. 304,350 shares of the company traded hands, compared to its average volume of 2,495,422. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.45 and a quick ratio of 0.58. The stock has a fifty day simple moving average of $29.10 and a 200-day simple moving average of $28.10. Graphic Packaging Holding has a fifty-two week low of $20.07 and a fifty-two week high of $30.66. The firm has a market cap of $9.03 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 5.08 and a beta of 0.83.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.56 by $0.04. Graphic Packaging had a return on equity of 30.74% and a net margin of 7.93%. The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the previous year, the business posted $0.66 EPS. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. Equities research analysts anticipate that Graphic Packaging Holding will post 2.66 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, October 5th. Stockholders of record on Sunday, September 15th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, September 13th. Graphic Packaging’s payout ratio is presently 18.10%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GPK. Stifel Nicolaus initiated coverage on Graphic Packaging in a report on Tuesday, July 9th. They set a “buy” rating and a $35.20 price objective on the stock. Citigroup lowered their price target on Graphic Packaging from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, July 8th. Wells Fargo & Company boosted their target price on Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $35.00 price target on shares of Graphic Packaging in a research note on Wednesday, September 4th. Finally, Robert W. Baird raised their target price on shares of Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.78.

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.