Kimberly Anne Kellermann Sells 9,000 Shares of Greif, Inc. (NYSE:GEF) Stock

Greif, Inc. (NYSE:GEF - Get Free Report) SVP Kimberly Anne Kellermann sold 9,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $67.88, for a total value of $610,920.00. Following the completion of the sale, the senior vice president 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Greif Stock Performance

Shares of NYSE:GEF traded down $0.04 during midday trading on Wednesday, reaching $69.76. The company's stock had a trading volume of 284,061 shares, compared to its average volume of 177,725. The company has a quick ratio of 0.96, a current ratio of 1.27 and a debt-to-equity ratio of 1.07. The stock has a fifty day moving average of $58.67 and a 200 day moving average of $58.24. Greif, Inc. has a twelve month low of $48.23 and a twelve month high of $73.16. The firm has a market capitalization of $3.31 billion, a PE ratio of 19.65, a P/E/G ratio of 1.63 and a beta of 0.99.

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

Greif Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 17th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Tuesday, June 17th. Greif's dividend payout ratio (DPR) is presently 60.85%.

Analysts Set New Price Targets

A number of research firms recently commented on GEF. Truist Financial dropped their price target on shares of Greif from $65.00 to $56.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company decreased their price objective on shares of Greif from $75.00 to $67.00 and set an "overweight" rating for the company in a research note on Tuesday, June 3rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Greif has a consensus rating of "Moderate Buy" and a consensus target price of $74.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in shares of Greif by 0.9% during the 4th quarter. Principal Financial Group Inc. now owns 69,900 shares of the industrial products company's stock worth $4,272,000 after acquiring an additional 653 shares in the last quarter. QRG Capital Management Inc. raised its holdings in Greif by 5.6% in the 4th quarter. QRG Capital Management Inc. now owns 3,966 shares of the industrial products company's stock worth $242,000 after purchasing an additional 211 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Greif by 8.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 568,725 shares of the industrial products company's stock worth $34,760,000 after purchasing an additional 44,088 shares in the last quarter. Moran Wealth Management LLC purchased a new position in Greif during the fourth quarter worth approximately $2,594,000. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in Greif by 31.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,452 shares of the industrial products company's stock valued at $333,000 after purchasing an additional 1,320 shares during the period. Hedge funds and other institutional investors 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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