Farther Finance Advisors LLC Has $561,000 Holdings in Graphic Packaging Holding (NYSE:GPK)

Farther Finance Advisors LLC boosted its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 663.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,949 shares of the industrial products company’s stock after buying an additional 16,467 shares during the quarter. Farther Finance Advisors LLC’s holdings in Graphic Packaging were worth $561,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. increased its position in Graphic Packaging by 546.6% during the third quarter. UMB Bank n.a. now owns 944 shares of the industrial products company’s stock worth $28,000 after buying an additional 798 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Graphic Packaging during the first quarter worth approximately $38,000. GAMMA Investing LLC boosted its holdings in shares of Graphic Packaging by 46.3% during the second quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 868 shares during the period. Atlas Capital Advisors LLC bought a new stake in shares of Graphic Packaging during the second quarter worth approximately $88,000. Finally, LGT Group Foundation bought a new stake in shares of Graphic Packaging during the first quarter worth approximately $134,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GPK. StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Wells Fargo & Company boosted their price objective on Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a report on Wednesday, July 31st. Truist Financial cut Graphic Packaging from a “buy” rating to a “hold” rating and cut their price target for the company from $32.00 to $30.00 in a research note on Wednesday, October 30th. Robert W. Baird boosted their price target on Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada cut their price target on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Graphic Packaging presently has an average rating of “Hold” and a consensus price target of $31.53.

Graphic Packaging Stock Up 3.1 %

NYSE GPK opened at $29.04 on Thursday. The business has a fifty day moving average price of $29.29 and a two-hundred day moving average price of $28.22. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72. Graphic Packaging Holding has a fifty-two week low of $21.25 and a fifty-two week high of $30.70. The stock has a market capitalization of $8.72 billion, a PE ratio of 12.41, a PEG ratio of 10.81 and a beta of 0.83.

Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.04). Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the company earned $0.74 earnings per share. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. Equities analysts expect that Graphic Packaging Holding will post 2.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Michael P. Doss sold 49,183 shares of the company’s stock in a transaction 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 in the company, valued at approximately $53,296,266.16. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

About Graphic Packaging

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.