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.
Other equities analysts also recently issued reports about the company. Royal Bank Of Canada restated a buy rating and issued a $15.00 price objective on shares of Graphic Packaging Holding in a report on Tuesday, April 11th. Citigroup Inc. restated a buy rating on shares of Graphic Packaging Holding in a report on Friday, April 14th. DA Davidson began coverage on Graphic Packaging Holding in a report on Monday, July 10th. They set a buy rating and a $17.50 target price on the stock. BMO Capital Markets reiterated a buy rating and set a $15.50 target price on shares of Graphic Packaging Holding in a report on Friday, June 23rd. Finally, Jefferies Group LLC reiterated a hold rating and set a $14.00 target price on shares of Graphic Packaging Holding in a report on Wednesday, June 14th. One 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’s stock. Graphic Packaging Holding has a consensus rating of Buy and an average price target of $15.73.
Shares of Graphic Packaging Holding (GPK) traded up 0.61% during mid-day trading on Monday, reaching $13.24. 2,427,157 shares of the company traded hands. Graphic Packaging Holding has a 52-week low of $12.00 and a 52-week high of $14.70. The company’s 50 day moving average is $13.53 and its 200 day moving average is $13.32. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 24.56 and a beta of 1.14.
Graphic Packaging Holding (NYSE:GPK) last released its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. Graphic Packaging Holding had a return on equity of 18.22% and a net margin of 3.98%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the business posted $0.19 EPS. On average, equities analysts forecast that Graphic Packaging Holding will post $0.68 earnings per share for the current year.
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The firm 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. The ex-dividend date is Thursday, September 14th. This represents a $0.30 annualized dividend and a yield of 2.27%. Graphic Packaging Holding’s dividend payout ratio is presently 54.55%.
In other Graphic Packaging Holding news, Director G Andrea Botta sold 10,982 shares of Graphic Packaging Holding stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $13.45, for a total transaction of $147,707.90. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.02% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of GPK. Comerica Bank increased its stake in Graphic Packaging Holding by 55.5% in the fourth quarter. Comerica Bank now owns 34,407 shares of the industrial products company’s stock valued at $441,000 after buying an additional 12,280 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Graphic Packaging Holding by 14.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,729 shares of the industrial products company’s stock valued at $133,000 after buying an additional 1,348 shares in the last quarter. Teachers Advisors LLC increased its stake in Graphic Packaging Holding by 5.7% in the fourth quarter. Teachers Advisors LLC now owns 592,924 shares of the industrial products company’s stock valued at $7,400,000 after buying an additional 32,219 shares in the last quarter. Macquarie Group Ltd. increased its stake in Graphic Packaging Holding by 1.1% in the fourth quarter. Macquarie Group Ltd. now owns 516,856 shares of the industrial products company’s stock valued at $6,450,000 after buying an additional 5,550 shares in the last quarter. Finally, Manning & Napier Advisors LLC increased its stake in Graphic Packaging Holding by 63.1% in the first quarter. Manning & Napier Advisors LLC now owns 191,771 shares of the industrial products company’s stock valued at $2,467,000 after buying an additional 74,176 shares in the last quarter. Institutional investors own 95.87% 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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