Insider Selling: Michael P. Doss Sells 60,000 Shares of Graphic Packaging Holding Company Stock (GPK)
Graphic Packaging Holding Company (NYSE:GPK) COO Michael P. Doss sold 60,000 shares of the company’s stock on the open market in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $10.45, for a total transaction of $627,000.00. Following the sale, the chief operating officer now directly owns 493,211 shares in the company, valued at approximately $5,154,055. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Graphic Packaging Holding Company (NYSE:GPK) traded down 0.28% on Thursday, hitting $10.54. The stock had a trading volume of 1,308,426 shares. Graphic Packaging Holding Company has a 1-year low of $7.28 and a 1-year high of $10.60. The stock has a 50-day moving average of $10.1 and a 200-day moving average of $9.54. The company has a market cap of $3.446 billion and a price-to-earnings ratio of 24.64.
Graphic Packaging Holding Company (NYSE:GPK) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, analysts predict that Graphic Packaging Holding Company will post $0.65 earnings per share for the current fiscal year.
GPK has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Graphic Packaging Holding Company in a research note on Monday, April 28th. They now have a $12.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Graphic Packaging Holding Company from $12.00 to $13.00 in a research note on Monday, April 28th. They now have a “buy” rating on the stock. Finally, analysts at Longbow Research reiterated a “buy” rating on shares of Graphic Packaging Holding Company in a research note on Friday, April 25th. They now have a $12.50 price target on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Graphic Packaging Holding Company currently has an average rating of “Buy” and an average target price of $11.26.
Graphic Packaging Holding Company (NYSE:GPK) is a provider of packaging solutions for a variety of products to food, beverage and other consumer products companies.
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