Graphic Packaging Holding (NYSE:GPK) to Issue Quarterly Dividend of $0.10

Graphic Packaging Holding (NYSE:GPKGet Rating) declared a quarterly dividend on Thursday, September 22nd, Zacks reports. Investors of record on Thursday, December 15th will be paid a dividend of 0.10 per share by the industrial products company on Thursday, January 5th. This represents a $0.40 annualized dividend and a yield of 1.92%. The ex-dividend date is Wednesday, December 14th. This is a positive change from Graphic Packaging’s previous quarterly dividend of $0.08.

Graphic Packaging has a dividend payout ratio of 12.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Graphic Packaging to earn $2.44 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 12.3%.

Graphic Packaging Stock Down 0.1 %

NYSE:GPK opened at $20.80 on Friday. The firm has a market capitalization of $6.40 billion, a P/E ratio of 22.37, a PEG ratio of 0.38 and a beta of 0.94. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.34 and a quick ratio of 0.57. The company’s fifty day moving average price is $22.39 and its 200-day moving average price is $21.36. Graphic Packaging has a 1-year low of $17.63 and a 1-year high of $24.07.

Graphic Packaging (NYSE:GPKGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The industrial products company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Graphic Packaging had a net margin of 3.40% and a return on equity of 28.19%. The business’s quarterly revenue was up 35.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 earnings per share. As a group, equities research analysts anticipate that Graphic Packaging will post 2.19 EPS for the current year.

Insider Transactions at Graphic Packaging

In other news, EVP Michael James Farrell sold 12,779 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $23.35, for a total value of $298,389.65. Following the completion of the transaction, the executive vice president now directly owns 44,902 shares of the company’s stock, valued at $1,048,461.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Michael James Farrell sold 12,779 shares of Graphic Packaging stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $23.35, for a total transaction of $298,389.65. Following the completion of the sale, the executive vice president now owns 44,902 shares of the company’s stock, valued at $1,048,461.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jean Francois Roche sold 46,898 shares of Graphic Packaging stock in a transaction on Monday, August 1st. The shares were sold at an average price of $22.50, for a total value of $1,055,205.00. Following the sale, the senior vice president now directly owns 84 shares of the company’s stock, valued at approximately $1,890. The disclosure for this sale can be found here. Corporate insiders own 0.93% of the company’s stock.

Institutional Investors Weigh In On Graphic Packaging

Large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can increased its holdings in shares of Graphic Packaging by 42.2% in the second quarter. Bank of Montreal Can now owns 24,279 shares of the industrial products company’s stock worth $508,000 after buying an additional 7,201 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Graphic Packaging in the first quarter worth about $492,000. Mirabella Financial Services LLP bought a new stake in shares of Graphic Packaging in the first quarter worth about $351,000. Jane Street Group LLC bought a new stake in Graphic Packaging during the 1st quarter valued at approximately $303,000. Finally, Sawtooth Solutions LLC bought a new stake in Graphic Packaging during the 1st quarter valued at approximately $287,000. Hedge funds and other institutional investors own 90.48% of the company’s stock.

Analyst Upgrades and Downgrades

GPK has been the topic of several research reports. Citigroup raised their price target on shares of Graphic Packaging to $27.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft boosted their target price on Graphic Packaging from $25.00 to $27.00 in a report on Wednesday, July 27th. Finally, BMO Capital Markets raised Graphic Packaging from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $20.00 to $25.00 in a research note on Friday, May 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.81.

Graphic Packaging Company Profile

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Graphic Packaging Holding Company, together with its subsidiaries, provides fiber-based packaging solutions to food, beverage, foodservice, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging products, such as folding cartons, cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies; and barrier packaging products that protect against moisture, hot and cold temperature, grease, oil, oxygen, sunlight, insects, and other potential product-damaging factors.

See Also

Dividend History for Graphic Packaging (NYSE:GPK)

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