Ole G. Rosgaard Sells 2,200 Shares of Greif, Inc. (NYSE:GEF) Stock

Greif, Inc. (NYSE:GEF - Get Free Report) CEO Ole G. Rosgaard sold 2,200 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $70.00, for a total transaction of $154,000.00. Following the sale, the chief executive officer owned 74,027 shares of the company's stock, valued at $5,181,890. This represents a 2.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Greif Stock Down 0.8%

GEF traded down $0.55 on Friday, reaching $66.94. The company's stock had a trading volume of 241,393 shares, compared to its average volume of 179,314. The stock has a 50 day moving average of $61.11 and a two-hundred day moving average of $58.62. Greif, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $73.16. 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 company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 1.39 and a beta of 0.99.

Greif (NYSE:GEF - Get Free Report) last released its quarterly earnings data 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 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 the consensus estimate of $1.43 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. Greif's revenue for the quarter was up 1.1% on a year-over-year basis. As a group, analysts forecast that Greif, Inc. will post 4.11 EPS for the current fiscal year.

Greif Dividend Announcement

The firm 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 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 60.85%.

Institutional Trading of Greif

Large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 during the period. Moran Wealth Management LLC purchased a new position in Greif during the 4th quarter worth $2,594,000. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Greif by 31.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,452 shares of the industrial products company's stock worth $333,000 after acquiring an additional 1,320 shares during the period. William Blair Investment Management LLC boosted its holdings 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 acquiring an additional 11,210 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Greif by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 801,429 shares of the industrial products company's stock valued at $48,983,000 after acquiring an additional 17,425 shares in the last quarter. Institutional investors and hedge funds own 45.74% of the company's stock.

Analyst Ratings Changes

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

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.