Key Points
- Bala Sathyanarayanan sold 7,000 shares of Greif at an average price of $66.62 on Dec. 10, generating about $466,340, and his holdings fell to 37,725 shares (a ~15.65% reduction) valued at roughly $2.51M.
- Greif declared a quarterly dividend of $0.56 (annualized $2.24) with an ex-dividend date of Dec. 18 and payment on Jan. 1, implying a ~3.3% yield and a dividend payout ratio around 71.1%.
- For broader context, GEF trades near $68.41 with a $3.25B market cap and a 21.7x P/E; institutional ownership is about 45.7% after notable stake increases by firms like Ameriprise and AQR, and analysts have a consensus "Hold" rating with a $69.50 target.
Greif, Inc. (NYSE:GEF - Get Free Report) SVP Timothy Bergwall sold 2,000 shares of the company's stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $64.98, for a total transaction of $129,960.00. Following the completion of the sale, the senior vice president owned 60,678 shares in the company, valued at approximately $3,942,856.44. This trade represents a 3.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Timothy Bergwall also recently made the following trade(s):
- On Wednesday, November 12th, Timothy Bergwall sold 2,000 shares of Greif stock. The shares were sold at an average price of $60.00, for a total transaction of $120,000.00.
- On Tuesday, October 21st, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $60.09, for a total value of $120,180.00.
Greif Stock Up 0.5%
Shares of NYSE:GEF opened at $68.41 on Friday. Greif, Inc. has a 12-month low of $48.23 and a 12-month high of $70.47. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 21.72 and a beta of 0.95. The stock has a fifty day simple moving average of $61.17 and a two-hundred day simple moving average of $62.90. The company has a current ratio of 1.41, a quick ratio of 1.18 and a debt-to-equity ratio of 1.00.
Greif Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Thursday, December 18th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, December 18th. Greif's dividend payout ratio is 71.11%.
Analysts Set New Price Targets
GEF has been the subject of a number of analyst reports. Zacks Research lowered shares of Greif from a "hold" rating to a "strong sell" rating in a research note on Tuesday, December 2nd. Truist Financial cut their price target on shares of Greif from $72.00 to $71.00 and set a "hold" rating on the stock in a report on Monday, September 8th. Bank of America reduced their price target on shares of Greif from $77.00 to $71.00 and set a "neutral" rating for the company in a research report on Tuesday, September 2nd. Weiss Ratings restated a "hold (c)" rating on shares of Greif in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Greif from a "sell" rating to a "hold" rating in a research note on Saturday, December 6th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Greif currently has a consensus rating of "Hold" and an average target price of $69.50.
Read Our Latest Analysis on GEF
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in GEF. Summit Securities Group LLC bought a new position in Greif during the first quarter valued at approximately $37,000. Blue Trust Inc. raised its stake in Greif by 36.2% during the 3rd quarter. Blue Trust Inc. now owns 662 shares of the industrial products company's stock valued at $40,000 after buying an additional 176 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in Greif during the 2nd quarter valued at $214,000. Neuberger Berman Group LLC bought a new position in shares of Greif during the 2nd quarter valued at $216,000. Finally, Captrust Financial Advisors purchased a new position in shares of Greif in the 2nd quarter worth $227,000. 45.74% of the stock is owned by hedge funds and other institutional investors.
About Greif
(
Get Free Report)
Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. The company operates through Global Industrial Packaging; Paper Packaging & Services; and Land Management segments. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries.
Further Reading
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