Greif, Inc. (NYSE:GEF) CFO Lawrence A. Hilsheimer Sells 1,000 Shares

Greif, Inc. (NYSE:GEF - Get Free Report) CFO Lawrence A. Hilsheimer sold 1,000 shares of the stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $68.88, for a total transaction of $68,880.00. Following the completion of the sale, the chief financial officer directly owned 100,677 shares of the company's stock, valued at $6,934,631.76. The trade was a 0.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Greif Stock Down 0.8%

NYSE GEF traded down $0.55 during trading hours on Friday, reaching $66.94. 241,393 shares of the company traded hands, compared to its average volume of 179,389. Greif, Inc. has a 12 month low of $48.23 and a 12 month high of $73.16. The company has a current ratio of 1.27, a quick ratio of 0.96 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $3.18 billion, a PE ratio of 18.86, a PEG ratio of 1.38 and a beta of 0.99. The company has a 50 day moving average of $61.11 and a two-hundred day moving average of $58.62.

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

Greif Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 17th were given a $0.54 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.23%. Greif's payout ratio is currently 60.85%.

Analysts Set New Price Targets

A number of research firms recently weighed in on GEF. Truist Financial lowered their price target on shares of Greif from $65.00 to $56.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company lowered their price target on shares of Greif from $75.00 to $67.00 and set an "overweight" rating for the company in a report on Tuesday, June 3rd. Finally, Bank of America reaffirmed a "neutral" rating and set a $77.00 price target (up from $71.00) on shares of Greif in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Greif has an average rating of "Hold" and an average price target of $74.83.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Greif by 8.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 568,725 shares of the industrial products company's stock worth $34,760,000 after acquiring an additional 44,088 shares during the period. Moran Wealth Management LLC acquired a new position in Greif during the 4th quarter valued at about $2,594,000. Envestnet Portfolio Solutions Inc. increased its stake in Greif by 31.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,452 shares of the industrial products company's stock valued at $333,000 after buying an additional 1,320 shares during the period. William Blair Investment Management LLC increased its stake in Greif by 2.1% during the 4th quarter. William Blair Investment Management LLC now owns 535,932 shares of the industrial products company's stock valued at $32,756,000 after buying an additional 11,210 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in Greif by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 801,429 shares of the industrial products company's stock valued at $48,983,000 after buying an additional 17,425 shares during the period. 45.74% of the stock is currently owned by institutional investors.

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.