Whittier Trust Co. Has $10.31 Million Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Whittier Trust Co. grew its position in Graphic Packaging Holding (NYSE:GPK) by 4.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 348,282 shares of the industrial products company’s stock after buying an additional 14,358 shares during the period. Whittier Trust Co. owned 0.11% of Graphic Packaging worth $10,305,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake 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 acquiring an additional 3,576,877 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Graphic Packaging by 24.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company’s stock worth $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 last quarter. Van ECK Associates Corp lifted its stake in Graphic Packaging by 215.0% in the first quarter. Van ECK Associates Corp now owns 704,530 shares of the industrial products company’s stock valued at $20,558,000 after buying an additional 480,843 shares during the period. Finally, Sei Investments Co. boosted its holdings in Graphic Packaging by 33.2% during the second quarter. Sei Investments Co. now owns 1,719,878 shares of the industrial products company’s stock worth $45,078,000 after buying an additional 428,278 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Michael P. Doss sold 49,183 shares of Graphic Packaging stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $27.91, for a total value of $1,372,697.53. Following the sale, the chief executive officer now owns 1,909,576 shares of the company’s stock, valued at approximately $53,296,266.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Michael P. Doss sold 49,183 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 1,909,576 shares in the company, valued at $53,296,266.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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. Insiders own 1.20% of the company’s stock.

Graphic Packaging Stock Performance

GPK opened at $29.82 on Tuesday. 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 company has a market capitalization of $9.16 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 5.08 and a beta of 0.83. The business’s 50-day moving average price is $29.26 and its two-hundred day moving average price is $28.14. Graphic Packaging Holding has a 1 year low of $20.07 and a 1 year high of $30.66.

Graphic Packaging (NYSE:GPK) last released its 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. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Graphic Packaging had a return on equity of 30.74% and a net margin of 7.93%. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 EPS. Equities analysts expect that Graphic Packaging Holding will post 2.66 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, October 5th. Shareholders of record on Sunday, September 15th were paid a $0.10 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.40 annualized dividend and a yield of 1.34%. Graphic Packaging’s payout ratio is currently 18.10%.

Analysts Set New Price Targets

A number of brokerages have recently commented on GPK. Stifel Nicolaus started coverage on Graphic Packaging in a research note on Tuesday, July 9th. They issued a “buy” rating and a $35.20 price target for the company. StockNews.com lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Friday. Wells Fargo & Company lifted their price target on shares of Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 31st. Robert W. Baird upped their price objective on shares of Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Truist Financial decreased their target price on Graphic Packaging from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Graphic Packaging currently has an average rating of “Moderate Buy” and a consensus target price of $31.87.

Graphic Packaging 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.