Graphic Packaging Holding Company $GPK Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. trimmed its holdings in Graphic Packaging Holding Company (NYSE:GPK) by 10.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 307,173 shares of the industrial products company’s stock after selling 36,535 shares during the quarter. Logan Capital Management Inc. owned 0.10% of Graphic Packaging worth $6,472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. New York State Teachers Retirement System lifted its stake in Graphic Packaging by 3.1% during the first quarter. New York State Teachers Retirement System now owns 221,927 shares of the industrial products company’s stock valued at $5,761,000 after purchasing an additional 6,623 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Graphic Packaging by 75.3% in the first quarter. Teacher Retirement System of Texas now owns 50,534 shares of the industrial products company’s stock valued at $1,312,000 after buying an additional 21,708 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Graphic Packaging by 4.1% in the first quarter. Principal Financial Group Inc. now owns 3,596,150 shares of the industrial products company’s stock valued at $93,356,000 after buying an additional 142,928 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Graphic Packaging during the 1st quarter valued at $42,000. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of Graphic Packaging by 3.6% during the 1st quarter. Concurrent Investment Advisors LLC now owns 11,535 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 402 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GPK shares. Bank of America reaffirmed a “neutral” rating and set a $24.00 target price on shares of Graphic Packaging in a research report on Thursday, October 9th. UBS Group cut their price objective on Graphic Packaging from $24.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Graphic Packaging in a report on Wednesday, October 8th. Citigroup dropped their target price on shares of Graphic Packaging from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Finally, Royal Bank Of Canada downgraded shares of Graphic Packaging from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $25.00 to $21.00 in a research report on Thursday, October 9th. One research analyst has rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.00.

Graphic Packaging Price Performance

NYSE GPK opened at $17.38 on Tuesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.43 and a quick ratio of 0.56. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 9.82 and a beta of 0.74. The company has a 50 day simple moving average of $19.85 and a 200-day simple moving average of $21.70. Graphic Packaging Holding Company has a 52-week low of $16.94 and a 52-week high of $30.70.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. Graphic Packaging had a net margin of 6.18% and a return on equity of 21.13%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.13 billion. Equities research analysts predict that Graphic Packaging Holding Company will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Monday, September 15th were paid a $0.11 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.5%. Graphic Packaging’s dividend payout ratio is 24.86%.

Insider Buying and Selling at Graphic Packaging

In related news, Director Philip R. Martens sold 7,015 shares of Graphic Packaging stock in a transaction on Monday, August 4th. The stock was sold at an average price of $21.80, for a total transaction of $152,927.00. Following the completion of the sale, the director owned 26,811 shares of the company’s stock, valued at approximately $584,479.80. This trade represents a 20.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph P. Yost sold 30,000 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $22.72, for a total value of $681,600.00. Following the completion of the transaction, the executive vice president directly owned 255,203 shares in the company, valued at approximately $5,798,212.16. The trade was a 10.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,752 shares of company stock valued at $2,073,663. 1.41% of the stock is owned by corporate 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.