Whittier Trust Co. increased its stake in shares of Graphic Packaging Holding Company (NYSE:GPK) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,148 shares of the industrial products company’s stock after buying an additional 3,101 shares during the period. Whittier Trust Co.’s holdings in Graphic Packaging Holding were worth $1,725,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Graphic Packaging Holding by 16,552.6% in the first quarter. BlackRock Inc. now owns 14,893,409 shares of the industrial products company’s stock valued at $191,677,000 after buying an additional 14,803,973 shares in the last quarter. Point72 Asset Management L.P. raised its position in Graphic Packaging Holding by 160.9% in the first quarter. Point72 Asset Management L.P. now owns 2,752,100 shares of the industrial products company’s stock worth $35,420,000 after buying an additional 1,697,100 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Graphic Packaging Holding during the first quarter worth $19,896,000. MARSHALL WACE ASIA Ltd acquired a new position in Graphic Packaging Holding during the first quarter worth $20,083,000. Finally, Marshall Wace North America L.P. acquired a new position in Graphic Packaging Holding during the first quarter worth $20,083,000. 97.71% of the stock is owned by institutional investors and hedge funds.
Shares of Graphic Packaging Holding Company (NYSE GPK) traded up 1.10% on Wednesday, reaching $13.77. The company had a trading volume of 2,051,117 shares. The stock has a market capitalization of $4.27 billion, a P/E ratio of 25.55 and a beta of 1.14. Graphic Packaging Holding Company has a 1-year low of $12.00 and a 1-year high of $14.70. The company’s 50 day moving average price is $13.56 and its 200-day moving average price is $13.34.
Graphic Packaging Holding (NYSE:GPK) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. Graphic Packaging Holding had a return on equity of 18.22% and a net margin of 3.98%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 earnings per share. Equities analysts predict that Graphic Packaging Holding Company will post $0.68 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 15th will be paid a $0.075 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.30 annualized dividend and a dividend yield of 2.18%. Graphic Packaging Holding’s dividend payout ratio (DPR) is 54.55%.
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A number of research firms have recently weighed in on GPK. Jefferies Group LLC reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Graphic Packaging Holding in a research note on Monday, May 8th. Zacks Investment Research downgraded Graphic Packaging Holding from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. BidaskClub downgraded Graphic Packaging Holding from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. DA Davidson began coverage on Graphic Packaging Holding in a research report on Monday, July 10th. They issued a “buy” rating and a $17.50 target price on the stock. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $15.50 target price on shares of Graphic Packaging Holding in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $15.73.
In other Graphic Packaging Holding news, Director G Andrea Botta sold 10,982 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $13.45, for a total value of $147,707.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.02% of the company’s stock.
About Graphic Packaging Holding
Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.
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