Insider Sell: EVP, Mills Division Michael Farrell Sells 28,080 Shares of Graphic Packaging ...
Graphic Packaging Holding Co (NYSE:GPK) has reported an insider sell by Michael Farrell, the company's Executive Vice President of the Mills Division. According to the SEC Filing, the insider sold 28,080 shares of the company on March 12, 2024.Graphic Packaging Holding Co is a leading provider of packaging solutions for a wide variety of products to food, beverage, foodservice, and other consumer products companies. The company is a manufacturer of paperboard and paper-based packaging, including folding cartons and paper cups.Over the past year, Michael Farrell has sold a total of 28,080 shares and has not made any purchases of the company's stock. This latest transaction continues a trend of insider selling at Graphic Packaging Holding Co, with a total of 3 insider sells and 0 insider buys over the past year.
On the day of the insider's recent sell, shares of Graphic Packaging Holding Co were trading at $27.29, resulting in a market cap of $8.517 billion. The price-earnings ratio of the company stands at 11.84, which is lower than the industry median of 17.465 and also below the company's historical median price-earnings ratio.
Considering the stock's price of $27.29 and the GuruFocus Value of $23.93, Graphic Packaging Holding Co has a price-to-GF-Value ratio of 1.14, indicating that the stock is modestly overvalued according to the GF Value metric. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
