11,050 Shares in Greif, Inc. (NYSE:GEF) Bought by OneAscent Financial Services LLC

OneAscent Financial Services LLC purchased a new position in Greif, Inc. (NYSE:GEF - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,050 shares of the industrial products company's stock, valued at approximately $608,000.

A number of other large investors have also recently made changes to their positions in the business. Parallel Advisors LLC boosted its holdings in Greif by 104.9% in the first quarter. Parallel Advisors LLC now owns 838 shares of the industrial products company's stock worth $46,000 after purchasing an additional 429 shares during the period. Quarry LP bought a new position in Greif in the 4th quarter valued at about $53,000. PharVision Advisers LLC bought a new position in Greif during the fourth quarter worth $207,000. Nomura Holdings Inc. bought a new stake in shares of Greif during the fourth quarter valued at about $209,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Greif in the fourth quarter worth about $237,000. 45.74% of the stock is currently owned by institutional investors.

Insider Activity at Greif

In related news, SVP Timothy Bergwall sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $68.12, for a total value of $136,240.00. Following the completion of the transaction, the senior vice president directly owned 70,678 shares in the company, valued at approximately $4,814,585.36. This represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Kimberly Anne Kellermann sold 9,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $67.88, for a total value of $610,920.00. Following the sale, the senior vice president directly owned 3,548 shares of the company's stock, valued at approximately $240,838.24. This represents a 71.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 94,741 shares of company stock valued at $6,448,252 in the last quarter. 7.60% of the stock is currently owned by company insiders.

Greif Stock Up 0.0%

NYSE:GEF opened at $65.84 on Tuesday. Greif, Inc. has a 1-year low of $48.23 and a 1-year high of $73.16. The firm has a market capitalization of $3.12 billion, a P/E ratio of 18.55, a PEG ratio of 1.35 and a beta of 0.99. The company's fifty day moving average price is $62.27 and its 200-day moving average price is $58.75. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.27 and a quick ratio of 0.96.

Greif (NYSE:GEF - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.11. Greif had a return on equity of 10.21% and a net margin of 3.74%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the company posted $0.82 EPS. The business's revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Greif, Inc. will post 4.11 EPS for the current year.

Greif Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 17th were issued a $0.54 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $2.16 annualized dividend and a dividend yield of 3.28%. Greif's dividend payout ratio is currently 60.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Truist Financial cut their price target on Greif from $65.00 to $56.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Bank of America reissued a "neutral" rating and issued a $77.00 target price (up from $71.00) on shares of Greif in a report on Wednesday, July 9th. Finally, Wells Fargo & Company reduced their price objective on shares of Greif from $75.00 to $67.00 and set an "overweight" rating for the company in a research report on Tuesday, June 3rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.83.

Greif Company Profile

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.

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