First Quadrant L P CA boosted its position in shares of Graphic Packaging Holding Company (NYSE:GPK) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,823,077 shares of the industrial products company’s stock after buying an additional 33,783 shares during the period. First Quadrant L P CA owned approximately 0.59% of Graphic Packaging Holding worth $25,432,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Graphic Packaging Holding by 3.7% during the first quarter. Vanguard Group Inc. now owns 25,103,563 shares of the industrial products company’s stock valued at $323,083,000 after buying an additional 896,031 shares during the last quarter. Boston Partners boosted its stake in Graphic Packaging Holding by 24.7% during 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 last quarter. BlackRock Inc. boosted its stake in Graphic Packaging Holding by 16,552.6% during 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. JPMorgan Chase & Co. boosted its stake in Graphic Packaging Holding by 8.4% during the second quarter. JPMorgan Chase & Co. now owns 8,994,618 shares of the industrial products company’s stock valued at $123,946,000 after buying an additional 696,161 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new position in Graphic Packaging Holding during the second quarter valued at approximately $116,776,000. 94.97% of the stock is owned by institutional investors.
Graphic Packaging Holding Company (NYSE GPK) traded up 0.19% during midday trading on Friday, hitting $15.54. The stock had a trading volume of 4,702,991 shares. Graphic Packaging Holding Company has a 12-month low of $12.00 and a 12-month high of $15.63. The firm has a 50-day moving average of $13.99 and a 200-day moving average of $13.58. The company has a market cap of $4.82 billion, a PE ratio of 28.83 and a beta of 1.16.
Graphic Packaging Holding (NYSE:GPK) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.18 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Graphic Packaging Holding had a return on equity of 17.27% and a net margin of 3.70%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business earned $0.20 EPS. Graphic Packaging Holding’s quarterly revenue was up 3.1% on a year-over-year basis. Equities research analysts forecast that Graphic Packaging Holding Company will post $0.67 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Friday, September 15th were given a $0.075 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.93%. Graphic Packaging Holding’s dividend payout ratio (DPR) is presently 57.69%.
A number of equities analysts recently commented on GPK shares. Stephens started coverage on Graphic Packaging Holding in a research note on Tuesday, October 24th. They set an “overweight” rating and a $17.00 price target for the company. KeyCorp reissued a “hold” rating on shares of Graphic Packaging Holding in a research note on Wednesday, October 4th. BidaskClub lowered Graphic Packaging Holding from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. BMO Capital Markets reissued a “buy” rating and set a $15.50 price target on shares of Graphic Packaging Holding in a research note on Friday, September 1st. Finally, Zacks Investment Research raised Graphic Packaging Holding from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $16.13.
Graphic Packaging Holding 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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