Graphic Packaging Holding Co. (NYSE:GPK) was downgraded by equities research analysts at Bank of America Corp. to a “neutral” rating in a report released on Monday.
Other analysts have also issued research reports about the stock. Citigroup Inc. raised their target price on shares of Graphic Packaging Holding from $15.50 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Zacks Investment Research upgraded shares of Graphic Packaging Holding from a “sell” rating to a “hold” rating in a research report on Friday, August 26th. Royal Bank Of Canada started coverage on shares of Graphic Packaging Holding in a research report on Friday. They set an “outperform” rating and a $17.00 target price on the stock. RBC Capital Markets started coverage on shares of Graphic Packaging Holding in a research report on Thursday. They set an “outperform” rating and a $17.00 target price on the stock. Finally, Robert W. Baird restated an “outperform” rating and set a $16.00 target price on shares of Graphic Packaging Holding in a research report on Monday, September 19th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $15.83.
Shares of Graphic Packaging Holding (NYSE:GPK) opened at 13.68 on Monday. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 17.65 and a beta of 1.47. The stock’s 50 day moving average is $14.14 and its 200 day moving average is $13.36. Graphic Packaging Holding has a 52-week low of $10.71 and a 52-week high of $14.70.
Graphic Packaging Holding (NYSE:GPK) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Graphic Packaging Holding had a net margin of 5.97% and a return on equity of 23.10%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 earnings per share. On average, equities analysts expect that Graphic Packaging Holding will post $0.79 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Thursday, September 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Tuesday, September 13th. Graphic Packaging Holding’s dividend payout ratio is presently 25.97%.
In other news, Director Harold R. Logan, Jr. sold 14,568 shares of the firm’s 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 transaction, the director now owns 58,076 shares of the company’s stock, valued at approximately $812,483.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.47% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. increased its position in shares of Graphic Packaging Holding by 0.6% in the second quarter. Macquarie Group Ltd. now owns 511,606 shares of the company’s stock worth $6,416,000 after buying an additional 3,106 shares in the last quarter. Calvert Investment Management Inc. increased its stake in Graphic Packaging Holding by 1,802.1% in the second quarter. Calvert Investment Management Inc. now owns 603,165 shares of the company’s stock valued at $7,564,000 after buying an additional 571,455 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Graphic Packaging Holding by 42.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,563,895 shares of the company’s stock valued at $19,612,000 after buying an additional 468,997 shares during the period. Wedge Capital Management L L P NC purchased a new stake in Graphic Packaging Holding during the second quarter valued at about $751,000. Finally, Stifel Financial Corp increased its stake in Graphic Packaging Holding by 25.6% in the second quarter. Stifel Financial Corp now owns 445,142 shares of the company’s stock valued at $5,582,000 after buying an additional 90,745 shares during the period. 98.13% of the stock is currently owned by institutional investors and hedge funds.
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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