Graphic Packaging Holding Company (NYSE:GPK) Stake Boosted by First Quadrant L P CA

First Quadrant L P CA boosted its stake in Graphic Packaging Holding Company (NYSE:GPK) by 20.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,789,294 shares of the industrial products company’s stock after buying an additional 301,527 shares during the period. First Quadrant L P CA owned approximately 0.58% of Graphic Packaging Holding worth $24,656,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Comerica Bank increased its position in shares of 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. New York State Teachers Retirement System increased its position in shares of Graphic Packaging Holding by 1.4% in the fourth quarter. New York State Teachers Retirement System now owns 28,200 shares of the industrial products company’s stock valued at $352,000 after buying an additional 400 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of 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. Norges Bank purchased a new position in shares of Graphic Packaging Holding during the fourth quarter valued at $43,660,000. Finally, Teachers Advisors LLC increased its position in shares of 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. 95.87% of the stock is owned by institutional investors.

Shares of Graphic Packaging Holding Company (NYSE GPK) traded up 0.61% during trading on Friday, reaching $13.24. 2,427,157 shares of the company’s stock were exchanged. 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 $4.10 billion, a P/E ratio of 24.56 and a beta of 1.14. The company has a 50 day moving average of $13.53 and a 200 day moving average of $13.32.

Graphic Packaging Holding (NYSE:GPK) last released 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 business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the company earned $0.19 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. Equities research analysts anticipate that Graphic Packaging Holding Company will post $0.68 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be given a $0.075 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.30 annualized dividend and a dividend yield of 2.27%. Graphic Packaging Holding’s dividend payout ratio is presently 54.55%.

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GPK has been the topic of several research analyst reports. DA Davidson initiated coverage on shares of Graphic Packaging Holding in a research note on Monday, July 10th. They issued a “buy” rating and a $17.50 price target on the stock. BidaskClub upgraded shares of Graphic Packaging Holding from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. BMO Capital Markets reiterated a “buy” rating and issued a $15.50 price target on shares of Graphic Packaging Holding in a research note on Friday, June 23rd. Jefferies Group LLC restated a “hold” rating and set a $15.00 target price (up from $14.00) on shares of Graphic Packaging Holding in a research report on Friday, July 14th. Finally, Zacks Investment Research cut shares of Graphic Packaging Holding from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. One 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 stock currently has an average rating of “Buy” and an average price target of $15.73.

In related news, Director G Andrea Botta sold 10,982 shares of the firm’s stock in a transaction that occurred 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 legal filing with the SEC, which is available through this link. 1.02% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for Graphic Packaging Holding (NYSE:GPK)

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