Timothy Bergwall Sells 2,000 Shares of Greif, Inc. (NYSE:GEF) Stock

Greif, Inc. (NYSE:GEF - Get Free Report) SVP Timothy Bergwall sold 2,000 shares of the company's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $68.12, for a total transaction of $136,240.00. Following the completion of the sale, the senior vice president directly owned 70,678 shares of the company's stock, valued at $4,814,585.36. The trade was 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 hyperlink.

Greif Price Performance

Greif stock traded up $0.63 during mid-day trading on Thursday, reaching $65.90. The company had a trading volume of 146,181 shares, compared to its average volume of 178,938. Greif, Inc. has a 1 year low of $48.23 and a 1 year high of $73.16. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.27 and a quick ratio of 0.96. The company has a market capitalization of $3.13 billion, a P/E ratio of 18.56, a P/E/G ratio of 1.34 and a beta of 0.99. The stock's 50-day simple moving average is $62.05 and its 200-day simple moving average is $58.74.

Greif (NYSE:GEF - Get Free Report) last issued its earnings results on Wednesday, June 4th. The industrial products company reported $1.19 earnings per share (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 company had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same period last year, the company posted $0.82 earnings per share. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities analysts predict that Greif, Inc. will post 4.11 EPS for the current year.

Greif Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders 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 dividend on an annualized basis and a yield of 3.28%. Greif's dividend payout ratio (DPR) is presently 60.85%.

Analyst Upgrades and Downgrades

GEF has been the subject of a number of research reports. Wells Fargo & Company reduced their target price 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. Bank of America restated a "neutral" rating and issued a $77.00 price objective (up previously from $71.00) on shares of Greif in a research report on Wednesday, July 9th. Finally, Truist Financial reduced their price objective on shares of Greif from $65.00 to $56.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $74.83.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Twelve Points Wealth Management LLC grew its position in shares of Greif by 12.4% in the first quarter. Twelve Points Wealth Management LLC now owns 34,504 shares of the industrial products company's stock valued at $1,897,000 after purchasing an additional 3,820 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Greif by 217.9% in the first quarter. SG Americas Securities LLC now owns 20,706 shares of the industrial products company's stock valued at $1,139,000 after purchasing an additional 14,193 shares during the last quarter. Foundry Partners LLC acquired a new stake in shares of Greif in the fourth quarter valued at approximately $448,000. William Blair Investment Management LLC grew its position in shares of Greif by 2.1% in the fourth quarter. William Blair Investment Management LLC now owns 535,932 shares of the industrial products company's stock valued at $32,756,000 after purchasing an additional 11,210 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Greif by 8.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 568,725 shares of the industrial products company's stock valued at $34,760,000 after purchasing an additional 44,088 shares during the last quarter. 45.74% of the stock is owned by hedge funds and other institutional investors.

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.