Insider Selling: Michael R. Schmal Unloads 29,000 Shares of Graphic Packaging Holding Company Stock (GPK)
Graphic Packaging Holding Company (NYSE:GPK) SVP Michael R. Schmal unloaded 29,000 shares of the company’s stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $12.57, for a total transaction of $364,530.00. Following the transaction, the senior vice president now directly owns 204,127 shares in the company, valued at approximately $2,565,876. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Graphic Packaging Holding Company (NYSE:GPK) traded up 0.16% on Friday, hitting $12.61. 183,459 shares of the company’s stock traded hands. Graphic Packaging Holding Company has a 52 week low of $8.05 and a 52 week high of $12.64. The stock has a 50-day moving average of $11.95 and a 200-day moving average of $10.87. The company has a market cap of $4.124 billion and a price-to-earnings ratio of 49.57.
Graphic Packaging Holding Company (NYSE:GPK) last posted its quarterly earnings results 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. On average, analysts predict that Graphic Packaging Holding Company will post $0.71 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 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 equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target 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.