Graphic Packaging Holding (NYSE:GPK) Shares Acquired by Fiduciary Family Office LLC

Fiduciary Family Office LLC boosted its stake in Graphic Packaging Holding (NYSE:GPK) by 82.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,388 shares of the industrial products company’s stock after buying an additional 7,385 shares during the quarter. Fiduciary Family Office LLC’s holdings in Graphic Packaging were worth $478,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Graphic Packaging during the 4th quarter worth approximately $3,110,000. Greenlight Capital Inc. raised its holdings in shares of Graphic Packaging by 32.0% during the 4th quarter. Greenlight Capital Inc. now owns 2,536,100 shares of the industrial products company’s stock worth $62,515,000 after acquiring an additional 614,490 shares during the period. BNP Paribas acquired a new position in shares of Graphic Packaging during the 1st quarter valued at about $935,000. Harber Asset Management LLC purchased a new stake in shares of Graphic Packaging in the fourth quarter valued at about $4,412,000. Finally, Cozad Asset Management Inc. acquired a new stake in Graphic Packaging during the fourth quarter worth about $2,196,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Graphic Packaging Stock Performance

Shares of NYSE:GPK traded down $0.23 during midday trading on Monday, hitting $27.29. The stock had a trading volume of 1,955,086 shares, compared to its average volume of 2,720,412. Graphic Packaging Holding has a 1 year low of $20.07 and a 1 year high of $29.50. The company has a current ratio of 1.24, a quick ratio of 0.52 and a debt-to-equity ratio of 1.72. The stock has a 50 day moving average price of $27.26 and a two-hundred day moving average price of $26.81. The company has a market capitalization of $8.39 billion, a PE ratio of 12.35, a P/E/G ratio of 10.02 and a beta of 0.85.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. Graphic Packaging had a return on equity of 32.55% and a net margin of 7.36%. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the prior year, the business posted $0.77 earnings per share. Graphic Packaging’s revenue was down 7.3% compared to the same quarter last year. As a group, equities analysts predict that Graphic Packaging Holding will post 2.69 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Saturday, June 15th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Friday, June 14th. Graphic Packaging’s dividend payout ratio is currently 18.10%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GPK shares. Wells Fargo & Company restated an “underweight” rating and set a $21.00 price target on shares of Graphic Packaging in a report on Monday, April 1st. StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Thursday. Stifel Nicolaus started coverage on Graphic Packaging in a research note on Tuesday, July 9th. They issued a “buy” rating and a $35.20 price target on the stock. Finally, Citigroup cut their price objective on Graphic Packaging from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, July 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $28.74.

Graphic Packaging Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.