Graphic Packaging Holding Company (NYSE:GPK) released its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15, Morningstar.com reports. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Graphic Packaging Holding had a return on equity of 18.22% and a net margin of 3.98%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 EPS.
Shares of Graphic Packaging Holding (GPK) traded down 0.96% during midday trading on Friday, hitting $13.47. The company had a trading volume of 7,570,451 shares. The company has a 50-day moving average of $13.55 and a 200-day moving average of $13.35. The company has a market capitalization of $4.17 billion, a PE ratio of 24.99 and a beta of 1.14. Graphic Packaging Holding has a 12 month low of $12.00 and a 12 month high of $14.70.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, September 14th. Graphic Packaging Holding’s dividend payout ratio is currently 54.55%.
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Several equities analysts have weighed in on GPK shares. BMO Capital Markets restated a “buy” rating and set a $15.50 price target on shares of Graphic Packaging Holding in a report on Friday, June 23rd. BidaskClub lowered Graphic Packaging Holding from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered Graphic Packaging Holding from a “hold” rating to a “sell” rating in a research note on Friday, July 14th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $15.00 price objective (up from $14.00) on shares of Graphic Packaging Holding in a research note on Friday, July 14th. Finally, DA Davidson started coverage on Graphic Packaging Holding in a research note on Monday, July 10th. They issued a “buy” rating and a $17.50 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $15.73.
In other Graphic Packaging Holding news, Director G Andrea Botta sold 10,982 shares of the company’s stock in a transaction 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 legal filing with the SEC, which can be accessed through the SEC website. 1.02% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. boosted its position in 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 during the period. Private Advisor Group LLC purchased a new position in Graphic Packaging Holding during the first quarter worth approximately $104,000. Van ECK Associates Corp boosted its position in Graphic Packaging Holding by 1.6% in the second quarter. Van ECK Associates Corp now owns 7,630 shares of the industrial products company’s stock worth $105,000 after buying an additional 117 shares during the period. Fifth Third Bancorp boosted its position in 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 during the period. Finally, Envestnet Asset Management Inc. boosted its position 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 worth $133,000 after buying an additional 1,348 shares during the period. Institutional investors own 97.71% 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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