Nomura Holdings Inc. lowered its stake in Graphic Packaging Holding Co. (NYSE:GPK) by 34.0% during the second quarter, Holdings Channel reports. The fund owned 21,341 shares of the company’s stock after selling 11,017 shares during the period. Nomura Holdings Inc.’s holdings in Graphic Packaging Holding were worth $270,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in shares of Graphic Packaging Holding by 11.8% in the second quarter. Van ECK Associates Corp now owns 8,649 shares of the company’s stock valued at $108,000 after buying an additional 912 shares during the last quarter. Creative Planning boosted its stake in shares of Graphic Packaging Holding by 1.6% in the second quarter. Creative Planning now owns 8,925 shares of the company’s stock valued at $112,000 after buying an additional 138 shares during the last quarter. Smith Asset Management Group LP boosted its stake in shares of Graphic Packaging Holding by 8,596.5% in the second quarter. Smith Asset Management Group LP now owns 9,914 shares of the company’s stock valued at $124,000 after buying an additional 9,800 shares during the last quarter. First National Bank of Omaha purchased a new stake in shares of Graphic Packaging Holding during the second quarter valued at approximately $126,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Graphic Packaging Holding during the second quarter valued at approximately $128,000. 98.13% of the stock is currently owned by hedge funds and other institutional investors.
Graphic Packaging Holding Co. (NYSE:GPK) opened at 13.61 on Friday. The stock has a market capitalization of $4.34 billion, a PE ratio of 17.56 and a beta of 1.57. Graphic Packaging Holding Co. has a 12-month low of $10.71 and a 12-month high of $14.70. The stock’s 50 day moving average is $14.14 and its 200 day moving average is $13.35.
Graphic Packaging Holding (NYSE:GPK) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.19 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. Graphic Packaging Holding had a net margin of 5.97% and a return on equity of 23.10%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the business posted $0.19 earnings per share. Graphic Packaging Holding’s revenue was up 4.4% compared to the same quarter last year. Analysts forecast that Graphic Packaging Holding Co. will post $0.79 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Thursday, September 15th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.20 annualized dividend and a yield of 1.47%. Graphic Packaging Holding’s dividend payout ratio (DPR) is presently 25.97%.
Several research analysts have issued reports on the company. Royal Bank Of Canada assumed coverage on Graphic Packaging Holding in a report on Friday. They issued an “outperform” rating and a $17.00 price target on the stock. Robert W. Baird reaffirmed an “outperform” rating and issued a $16.00 price target on shares of Graphic Packaging Holding in a report on Monday, September 19th. Zacks Investment Research raised Graphic Packaging Holding from a “sell” rating to a “hold” rating in a report on Friday, August 26th. Citigroup Inc. upped their price target on Graphic Packaging Holding from $15.50 to $16.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. Finally, RBC Capital Markets assumed coverage on Graphic Packaging Holding in a report on Thursday. They issued an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $15.69.
In other Graphic Packaging Holding news, Director Harold R. Logan, Jr. sold 14,568 shares of the stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $13.99, for a total value of $203,806.32. Following the sale, the director now directly owns 58,076 shares in the company, valued at $812,483.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.47% of the stock is currently owned by company insiders.
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, Flexible Packaging, and Corporate and Other.
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