Edgestream Partners L.P. Acquires 28,122 Shares of Graphic Packaging Holding (NYSE:GPK)

Edgestream Partners L.P. lifted its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 51.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 83,214 shares of the industrial products company’s stock after purchasing an additional 28,122 shares during the quarter. Edgestream Partners L.P.’s holdings in Graphic Packaging were worth $2,462,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC raised its holdings in Graphic Packaging by 21.5% in the 1st quarter. Tidal Investments LLC now owns 35,962 shares of the industrial products company’s stock valued at $1,049,000 after buying an additional 6,356 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Graphic Packaging by 99.6% during the 1st quarter. Cetera Investment Advisers now owns 104,490 shares of the industrial products company’s stock worth $3,049,000 after acquiring an additional 52,139 shares during the last quarter. Cetera Advisors LLC grew its holdings in shares of Graphic Packaging by 25.7% in the first quarter. Cetera Advisors LLC now owns 28,970 shares of the industrial products company’s stock valued at $845,000 after acquiring an additional 5,919 shares in the last quarter. GAMMA Investing LLC grew its position in Graphic Packaging by 46.3% during the second quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company’s stock valued at $72,000 after buying an additional 868 shares during the period. Finally, Advocate Group LLC increased its position in Graphic Packaging by 2.4% in the second quarter. Advocate Group LLC now owns 190,618 shares of the industrial products company’s stock worth $4,996,000 after buying an additional 4,383 shares during the last quarter. 99.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Royal Bank of Canada reduced their price objective on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. StockNews.com lowered Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Truist Financial lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating and dropped their target price for the stock from $32.00 to $30.00 in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $31.53.

Graphic Packaging Price Performance

Shares of Graphic Packaging stock opened at $30.29 on Tuesday. The stock has a 50 day moving average of $29.15 and a 200 day moving average of $28.45. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78. Graphic Packaging Holding has a 12 month low of $22.66 and a 12 month high of $30.70. The firm has a market cap of $9.09 billion, a PE ratio of 12.94, a PEG ratio of 11.70 and a beta of 0.83.

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

Graphic Packaging Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, January 5th. Shareholders of record on Sunday, December 15th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, December 13th. Graphic Packaging’s dividend payout ratio (DPR) is presently 17.09%.

Insider Activity at Graphic Packaging

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

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.