Greif Inc. (GEF) Position Maintained by Blair William & Co. IL
Blair William & Co. IL held its stake in Greif Inc. (NYSE:GEF) during the second quarter, Holdings Channel reports. The firm owned 7,192 shares of the company’s stock at the end of the second quarter. Blair William & Co. IL’s holdings in Greif were worth $268,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Commonwealth Equity Services Inc bought a new stake in shares of Greif during the second quarter worth approximately $200,000. Breton Hill Capital Ltd. bought a new stake in shares of Greif during the second quarter worth approximately $205,000. Envestnet Asset Management Inc. raised its stake in shares of Greif by 8.6% in the first quarter. Envestnet Asset Management Inc. now owns 6,294 shares of the company’s stock worth $206,000 after buying an additional 500 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Greif by 2.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 8,599 shares of the company’s stock worth $320,000 after buying an additional 208 shares in the last quarter. Finally, First Republic Investment Management Inc. raised its stake in shares of Greif by 10.0% in the first quarter. First Republic Investment Management Inc. now owns 11,000 shares of the company’s stock worth $360,000 after buying an additional 1,000 shares in the last quarter. 48.91% of the stock is currently owned by institutional investors and hedge funds.
Shares of Greif Inc. (NYSE:GEF) traded up 1.14% during mid-day trading on Monday, hitting $47.92. 245,294 shares of the company were exchanged. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 29.08 and a beta of 1.47. Greif Inc. has a 12-month low of $23.88 and a 12-month high of $49.43. The firm has a 50 day moving average of $42.55 and a 200 day moving average of $36.79.
Greif (NYSE:GEF) last posted its quarterly earnings results on Wednesday, August 31st. The company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.19. The business earned $845 million during the quarter, compared to the consensus estimate of $910.83 million. Greif had a return on equity of 14.86% and a net margin of 2.37%. Greif’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Equities research analysts forecast that Greif Inc. will post $2.46 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Monday, September 19th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Thursday, September 15th. Greif’s dividend payout ratio (DPR) is presently 126.32%.
GEF has been the topic of a number of research analyst reports. Bank of America Corp. raised shares of Greif from a “neutral” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Tuesday, September 6th. BMO Capital Markets lowered shares of Greif from an “outperform” rating to a “market perform” rating and set a $36.00 price objective on the stock. in a report on Wednesday, May 25th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Greif from a “buy” rating to a “hold” rating in a report on Monday, June 13th. TheStreet raised shares of Greif from a “hold” rating to a “buy” rating in a report on Wednesday, June 8th. Finally, DA Davidson lowered shares of Greif from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $44.00 to $45.00 in a report on Friday, September 2nd. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $42.50.
Greif, Inc is a producer of industrial packaging products and services. The Company’s products include steel, fiber and plastic drums, rigid intermediate bulk containers, closure systems, transit protection products, water bottles and reconditioned industrial containers, and offers services, such as container life cycle management, blending, filling, logistics, warehousing and other packaging services.
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