Insider Selling: Michael R. Schmal Sells 10,500 Shares of Graphic Packaging Holding Company Stock (GPK)
Graphic Packaging Holding Company (NYSE:GPK) SVP Michael R. Schmal sold 10,500 shares of the stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $12.50, for a total value of $131,250.00. Following the sale, the senior vice president now directly owns 233,127 shares in the company, valued at approximately $2,914,088. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Graphic Packaging Holding Company (NYSE:GPK) traded up 0.16% during mid-day trading on Thursday, hitting $12.47. The stock had a trading volume of 601,111 shares. Graphic Packaging Holding Company has a 1-year low of $8.05 and a 1-year high of $12.64. The stock’s 50-day moving average is $11.92 and its 200-day moving average is $10.8. The company has a market cap of $4.078 billion and a P/E ratio of 49.02.
Graphic Packaging Holding Company (NYSE:GPK) last released its earnings data on Thursday, July 24th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Analysts expect that Graphic Packaging Holding Company will post $0.71 EPS 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 Wednesday, July 30th. They now have a $14.50 price target on the stock, up previously from $14.00. Separately, analysts at Zacks upgraded shares of Graphic Packaging Holding Company from a “neutral” rating to an “outperform” rating in a research note on Friday, July 25th. They now have a $12.90 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Graphic Packaging Holding Company from $13.00 to $15.00 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a buy rating, Graphic Packaging Holding Company has a consensus rating of “Buy” and an average target price of $13.58.
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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