Graphic Packaging Holding (NYSE:GPK) Shares Acquired by Point72 Asset Management L.P.

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Point72 Asset Management L.P. increased its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 34.2% in the 3rd quarter, Holdings Channel reports. The firm owned 451,757 shares of the industrial products company’s stock after purchasing an additional 115,108 shares during the period. Point72 Asset Management L.P.’s holdings in Graphic Packaging were worth $6,663,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. World Asset Management Inc lifted its stake in shares of Graphic Packaging by 5.8% in the third quarter. World Asset Management Inc now owns 13,626 shares of the industrial products company’s stock valued at $201,000 after purchasing an additional 748 shares during the period. Aperio Group LLC lifted its stake in shares of Graphic Packaging by 1.2% in the second quarter. Aperio Group LLC now owns 62,660 shares of the industrial products company’s stock valued at $876,000 after purchasing an additional 750 shares during the period. Virginia Retirement Systems ET AL lifted its stake in shares of Graphic Packaging by 1.4% in the second quarter. Virginia Retirement Systems ET AL now owns 56,600 shares of the industrial products company’s stock valued at $791,000 after purchasing an additional 800 shares during the period. Berman Capital Advisors LLC lifted its stake in shares of Graphic Packaging by 4.7% in the second quarter. Berman Capital Advisors LLC now owns 17,925 shares of the industrial products company’s stock valued at $250,000 after purchasing an additional 801 shares during the period. Finally, Veritable L.P. raised its position in Graphic Packaging by 11.6% during the second quarter. Veritable L.P. now owns 12,182 shares of the industrial products company’s stock worth $170,000 after acquiring an additional 1,267 shares during the last quarter.

Shares of GPK opened at $16.27 on Monday. The company has a current ratio of 1.62, a quick ratio of 0.64 and a debt-to-equity ratio of 1.44. The stock has a market cap of $4.72 billion, a P/E ratio of 18.49, a PEG ratio of 1.10 and a beta of 1.37. The company has a 50-day moving average of $15.67 and a two-hundred day moving average of $14.33. Graphic Packaging Holding has a 12-month low of $10.13 and a 12-month high of $16.67.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.57 billion. Graphic Packaging had a net margin of 3.60% and a return on equity of 12.72%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 earnings per share. As a group, analysts forecast that Graphic Packaging Holding will post 0.87 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Thursday, December 12th. Graphic Packaging’s dividend payout ratio is presently 37.04%.

A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Deutsche Bank lifted their target price on shares of Graphic Packaging from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. KeyCorp restated a “hold” rating on shares of Graphic Packaging in a research report on Thursday, September 26th. Finally, ValuEngine upgraded shares of Graphic Packaging from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $16.00.

Graphic Packaging Profile

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, foodservice, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.

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Institutional Ownership by Quarter for Graphic Packaging (NYSE:GPK)

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