BidaskClub Downgrades Graphic Packaging Holding Company (NYSE:GPK) to Sell

BidaskClub cut shares of Graphic Packaging Holding Company (NYSE:GPK) from a hold rating to a sell rating in a report issued on Monday, July 31st.

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Graphic Packaging Holding from a hold rating to a sell rating in a report on Thursday, July 27th. Jefferies Group LLC restated a hold rating and issued a $15.00 price target (up from $14.00) on shares of Graphic Packaging Holding in a report on Friday, July 14th. DA Davidson initiated coverage on shares of Graphic Packaging Holding in a report on Monday, July 10th. They issued a buy rating and a $17.50 price target on the stock. BMO Capital Markets restated a buy rating and issued a $15.50 price target on shares of Graphic Packaging Holding in a report on Friday, June 23rd. Finally, Citigroup Inc. reiterated a buy rating on shares of Graphic Packaging Holding in a research note on Friday, April 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $15.73.

Shares of Graphic Packaging Holding (GPK) opened at 13.24 on Monday. The stock has a 50 day moving average of $13.53 and a 200-day moving average of $13.32. The firm has a market capitalization of $4.10 billion, a P/E ratio of 24.56 and a beta of 1.14. Graphic Packaging Holding has a 52-week low of $12.00 and a 52-week high of $14.70.

Graphic Packaging Holding (NYSE:GPK) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. Graphic Packaging Holding had a net margin of 3.98% and a return on equity of 18.22%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the business earned $0.19 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. Equities analysts expect that Graphic Packaging Holding will post $0.68 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, September 14th. Graphic Packaging Holding’s dividend payout ratio (DPR) is 54.55%.

In related 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.02% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of GPK. BlackRock Inc. raised its stake in shares of 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 during the last quarter. Boston Partners boosted its stake in shares of Graphic Packaging Holding by 24.7% in the second quarter. Boston Partners now owns 22,667,228 shares of the industrial products company’s stock valued at $312,354,000 after buying an additional 4,496,306 shares during the period. Marshall Wace North America L.P. boosted its stake in shares of Graphic Packaging Holding by 149.0% in the second quarter. Marshall Wace North America L.P. now owns 3,846,707 shares of the industrial products company’s stock valued at $53,854,000 after buying an additional 2,301,825 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Graphic Packaging Holding by 292.7% in the second quarter. Ameriprise Financial Inc. now owns 2,816,525 shares of the industrial products company’s stock valued at $38,816,000 after buying an additional 2,099,223 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Graphic Packaging Holding by 3,096.8% in the second quarter. Renaissance Technologies LLC now owns 1,976,218 shares of the industrial products company’s stock valued at $27,232,000 after buying an additional 1,914,400 shares during the period. 95.87% of the stock is owned by institutional investors.

Graphic Packaging Holding Company Profile

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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