Three Peaks Capital Management LLC decreased its position in Graphic Packaging Holding Company (NYSE:GPK) by 2.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 869,610 shares of the industrial products company’s stock after selling 19,211 shares during the period. Graphic Packaging Holding comprises approximately 1.8% of Three Peaks Capital Management LLC’s portfolio, making the stock its 14th largest position. Three Peaks Capital Management LLC owned about 0.28% of Graphic Packaging Holding worth $11,983,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Graphic Packaging Holding by 1.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 8,039 shares of the industrial products company’s stock worth $103,000 after buying an additional 116 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Graphic Packaging Holding by 124.0% in the first quarter. Fifth Third Bancorp now owns 10,082 shares of the industrial products company’s stock worth $130,000 after buying an additional 5,582 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of Graphic Packaging Holding during the first quarter worth approximately $104,000. Eagle Boston Investment Management Inc. purchased a new stake in shares of Graphic Packaging Holding during the first quarter worth approximately $136,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Graphic Packaging Holding during the first quarter worth approximately $140,000. 97.71% of the stock is owned by institutional investors.
Shares of Graphic Packaging Holding Company (GPK) traded down 0.699% during trading on Friday, hitting $13.505. The stock had a trading volume of 78,222 shares. Graphic Packaging Holding Company has a 12-month low of $12.00 and a 12-month high of $14.70. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 25.056 and a beta of 1.14. The stock’s 50-day moving average is $13.56 and its 200-day moving average is $13.35.
Graphic Packaging Holding (NYSE:GPK) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 earnings per share. On average, equities research analysts expect that Graphic Packaging Holding Company will post $0.68 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders 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 2.21%. The ex-dividend date of this dividend is Thursday, September 14th. Graphic Packaging Holding’s payout ratio is 54.55%.
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A number of brokerages have commented on GPK. BidaskClub raised Graphic Packaging Holding from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Jefferies Group LLC reaffirmed a “hold” rating and set a $14.00 price target on shares of Graphic Packaging Holding in a research report on Wednesday, June 14th. DA Davidson began coverage on Graphic Packaging Holding in a research report on Monday, July 10th. They set a “buy” rating and a $17.50 price target for the company. Zacks Investment Research cut Graphic Packaging Holding from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $15.50 price target on shares of Graphic Packaging Holding in a research report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. Graphic Packaging Holding 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 firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $13.45, for a total transaction of $147,707.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.02% of the company’s stock.
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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