Graphic Packaging (NYSE:GPK) CEO Robbert Rietbroek Acquires 44,278 Shares of Stock

Graphic Packaging Holding Company (NYSE:GPK) CEO Robbert Rietbroek bought 44,278 shares of the stock in a transaction dated Wednesday, March 4th. The shares were acquired at an average price of $11.32 per share, for a total transaction of $501,226.96. Following the completion of the purchase, the chief executive officer directly owned 44,278 shares in the company, valued at approximately $501,226.96. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Graphic Packaging Stock Performance

Shares of Graphic Packaging stock traded up $0.26 on Thursday, reaching $11.45. 1,516,700 shares of the company traded hands, compared to its average volume of 6,324,688. Graphic Packaging Holding Company has a 52 week low of $11.02 and a 52 week high of $28.19. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 0.52. The company has a 50 day moving average of $14.01 and a 200 day moving average of $16.64. The firm has a market capitalization of $3.38 billion, a PE ratio of 7.74 and a beta of 0.65.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Monday, March 2nd. The industrial products company reported $0.24 earnings per share for the quarter. Graphic Packaging had a return on equity of 16.58% and a net margin of 5.15%.The business had revenue of $2.10 billion during the quarter. Equities analysts forecast that Graphic Packaging Holding Company will post 2.47 earnings per share for the current year.

Graphic Packaging Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Sunday, March 15th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, March 13th. Graphic Packaging’s dividend payout ratio is presently 29.73%.

Institutional Trading of Graphic Packaging

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Transce3nd LLC raised its position in shares of Graphic Packaging by 8.4% in the 2nd quarter. Transce3nd LLC now owns 6,443 shares of the industrial products company’s stock worth $136,000 after acquiring an additional 500 shares in the last quarter. Elevation Point Wealth Partners LLC grew its stake in Graphic Packaging by 4.3% in the second quarter. Elevation Point Wealth Partners LLC now owns 12,280 shares of the industrial products company’s stock worth $259,000 after purchasing an additional 510 shares during the period. NewEdge Advisors LLC grew its stake in Graphic Packaging by 3.0% in the second quarter. NewEdge Advisors LLC now owns 18,379 shares of the industrial products company’s stock worth $387,000 after purchasing an additional 539 shares during the period. ProShare Advisors LLC raised its holdings in Graphic Packaging by 4.6% in the second quarter. ProShare Advisors LLC now owns 13,379 shares of the industrial products company’s stock worth $282,000 after purchasing an additional 588 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Graphic Packaging by 17.1% during the fourth quarter. Farther Finance Advisors LLC now owns 4,450 shares of the industrial products company’s stock valued at $67,000 after buying an additional 651 shares during the period. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GPK has been the topic of a number of recent analyst reports. Citigroup lowered their price target on shares of Graphic Packaging from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Graphic Packaging in a research note on Monday, December 29th. UBS Group cut their price objective on shares of Graphic Packaging from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Monday, January 12th. Royal Bank Of Canada set a $13.00 price target on Graphic Packaging in a research report on Wednesday, February 4th. Finally, Wells Fargo & Company cut their price target on shares of Graphic Packaging from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Wednesday, February 4th. Eight analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $16.63.

About Graphic Packaging

Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.

Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.