On August 9, 2024, Michael Doss, President and CEO of Graphic Packaging Holding Co (NYSE:GPK), made a significant transaction by selling 300,000 shares of the company’s stock. The sale was documented in a recent SEC filing. Following this transaction, the insider now owns 1,909,576 shares of Graphic Packaging Holding Co.
Graphic Packaging Holding Co, a leader in the packaging industry, provides paper-based packaging solutions for a wide range of products for food, beverage and other consumer goods companies. The company is recognized for its commitment to innovation and sustainability in packaging solutions.
Over the past year, Michael Doss has sold a total of 300,000 shares and purchased no shares. This recent sale is consistent with a general trend within the company, where there have been four insider sales and no insider purchases over the same period.
Graphic Packaging Holding Co.’s stock price was $28.11 on the day of the sale. The company currently has a market capitalization of around $8.457 billion. The stock’s price-to-earnings ratio is 12.04, which is below both the industry median of 16.43 and the company’s historical median.
According to GF Value, the intrinsic value of the stock is estimated at $23.83, which suggests that the stock is slightly overvalued with a Price to GF Value ratio of 1.18.
The GF value is calculated by taking into account historical trading multiples, an adjustment factor based on past earnings and growth, and estimates of future business performance provided by Morningstar analysts.
This insider sale could attract the attention of current and potential investors, especially given the company’s valuation and recent trading price relative to its GF Value.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
