Greif (NYSE:GEF) SVP Sells $120,180.00 in Stock

Key Points

• Timothy Bergwall, Senior Vice President of Greif, Inc., sold 2,000 shares of the company stock for a total of $120,180, representing a 3% decrease in his position, with a remaining 64,678 shares valued at approximately $3.89 million.
• Greif has announced an increase in its quarterly dividend to $0.56, translating to an annualized yield of 3.7%, and it has a current dividend payout ratio of 71.11%.
• The company reported $1.03 EPS for the last quarter, exceeding analysts' expectations, with revenue of $1.13 billion, despite a 2.6% decline from the previous year.

Greif, Inc. (NYSE:GEF - Get Free Report) SVP Timothy Bergwall sold 2,000 shares of the stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $60.09, for a total transaction of $120,180.00. Following the completion of the transaction, the senior vice president directly owned 64,678 shares of the company's stock, valued at $3,886,501.02. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Timothy Bergwall also recently made the following trade(s):

• On Wednesday, September 10th, Timothy Bergwall sold 2,000 shares of Greif stock. The stock was sold at an average price of $60.55, for a total transaction of $121,100.00.

Greif Price Performance

Shares of GEF stock traded up $0.14 on Wednesday, reaching $60.60. The company had a trading volume of 145,328 shares, compared to its average volume of 188,569. The stock has a market capitalization of $2.88 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 2.34 and a beta of 1.00. The company has a quick ratio of 1.18, a current ratio of 1.41 and a debt-to-equity ratio of 1.00. Greif, Inc. has a one year low of $48.23 and a one year high of $73.16. The business's 50-day moving average is $61.99 and its 200 day moving average is $60.69.

Greif (NYSE:GEF - Get Free Report) last posted its earnings results on Wednesday, August 27th. The industrial products company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.22. The firm had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $740.23 million. Greif had a net margin of 3.52% and a return on equity of 10.09%. The business's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 earnings per share. Equities research analysts forecast that Greif, Inc. will post 4.11 EPS for the current fiscal year.

Greif Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 16th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.7%. This is an increase from Greif's previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Tuesday, September 16th. Greif's dividend payout ratio (DPR) is currently 71.11%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GEF shares. Zacks Research lowered shares of Greif from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 9th. Wells Fargo & Company dropped their price objective on shares of Greif from $76.00 to $67.00 and set an "overweight" rating for the company in a report on Wednesday, October 15th. Weiss Ratings reiterated a "hold (c)" rating on shares of Greif in a report on Wednesday, October 8th. Truist Financial dropped their price objective on shares of Greif from $72.00 to $71.00 and set a "hold" rating for the company in a report on Monday, September 8th. Finally, Bank of America dropped their price objective on shares of Greif from $77.00 to $71.00 and set a "neutral" rating for the company in a report on Tuesday, September 2nd. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Greif presently has a consensus rating of "Hold" and an average target price of $74.00.

Institutional Trading of Greif

Several large investors have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. grew its position in shares of Greif by 4.7% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,251,074 shares of the industrial products company's stock worth $68,797,000 after buying an additional 55,948 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Greif by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 596,557 shares of the industrial products company's stock worth $32,805,000 after buying an additional 27,832 shares during the period. AQR Capital Management LLC grew its position in shares of Greif by 54.2% during the 1st quarter. AQR Capital Management LLC now owns 366,449 shares of the industrial products company's stock worth $20,015,000 after buying an additional 128,880 shares during the period. Systematic Financial Management LP increased its stake in Greif by 0.9% during the 2nd quarter. Systematic Financial Management LP now owns 312,534 shares of the industrial products company's stock valued at $20,312,000 after purchasing an additional 2,817 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Greif by 23.7% during the 1st quarter. Victory Capital Management Inc. now owns 212,888 shares of the industrial products company's stock valued at $11,707,000 after purchasing an additional 40,813 shares in the last quarter. Institutional investors and hedge funds own 45.74% of the company's stock.

About Greif

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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