Raleigh Capital Management Inc. Sells 667 Shares of Graphic Packaging Holding (NYSE:GPK)

Raleigh Capital Management Inc. trimmed its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,588 shares of the industrial products company’s stock after selling 667 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Graphic Packaging were worth $288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. UMB Bank n.a. raised its position in Graphic Packaging by 546.6% during the 3rd quarter. UMB Bank n.a. now owns 944 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 798 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Graphic Packaging in the third quarter worth $30,000. Wilmington Savings Fund Society FSB bought a new stake in Graphic Packaging in the third quarter valued at $73,000. GAMMA Investing LLC increased its position in Graphic Packaging by 57.0% during the 3rd quarter. GAMMA Investing LLC now owns 4,308 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 1,564 shares during the period. Finally, TD Private Client Wealth LLC raised its holdings in Graphic Packaging by 29.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 5,130 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 1,153 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GPK has been the subject of several research reports. Wells Fargo & Company raised Graphic Packaging from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $24.00 to $27.00 in a research report on Monday, January 6th. StockNews.com downgraded Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Royal Bank of Canada dropped their target price on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Truist Financial increased their price target on shares of Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, January 6th. Finally, Citigroup reissued a “neutral” rating and set a $30.00 price target (down from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $32.37.

Insider Buying and Selling at Graphic Packaging

In other news, EVP Michael James Farrell sold 25,900 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total value of $750,841.00. Following the transaction, the executive vice president now directly owns 81,026 shares in the company, valued at approximately $2,348,943.74. This represents a 24.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Charles D. Lischer sold 12,000 shares of Graphic Packaging stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $29.65, for a total value of $355,800.00. Following the completion of the sale, the chief accounting officer now owns 49,849 shares of the company’s stock, valued at $1,478,022.85. The trade was a 19.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Graphic Packaging Stock Down 1.1 %

Shares of GPK stock opened at $27.59 on Friday. The company’s fifty day simple moving average is $28.23 and its two-hundred day simple moving average is $28.61. Graphic Packaging Holding has a 52 week low of $23.47 and a 52 week high of $30.70. The stock has a market cap of $8.28 billion, a P/E ratio of 11.79 and a beta of 0.85. The company has a quick ratio of 0.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.78.

Graphic Packaging (NYSE:GPK) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. The firm’s revenue was down 5.7% compared to the same quarter last year. Analysts predict that Graphic Packaging Holding will post 2.53 EPS for the current fiscal year.

Graphic Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, January 5th. Shareholders of record on Sunday, December 15th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.45%. The ex-dividend date was Friday, December 13th. Graphic Packaging’s payout ratio is 17.09%.

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.