According to Zacks, “GRAPHIC PACKAGING CORPORATION, headquartered in Marietta, Georgia, is a leading provider of paperboard packaging solutions for a wide variety of products to food, beverage and other consumer products companies. Graphic Packaging’s customers include some of the most widely recognized companies in the world. “
Several other equities research analysts have also commented on the stock. Citigroup Inc. boosted 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. 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. RBC Capital Markets initiated coverage on shares of Graphic Packaging Holding in a research report on Thursday, September 29th. They set an outperform rating and a $17.00 target price on the stock. Royal Bank Of Canada initiated coverage on shares of Graphic Packaging Holding in a research report on Friday, September 30th. They set an outperform rating and a $17.00 target price on the stock. Finally, Bank of America Corp. lowered shares of Graphic Packaging Holding from a buy rating to a neutral rating in a research report on Monday, October 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $15.83.
Shares of Graphic Packaging Holding (NYSE:GPK) opened at 13.72 on Wednesday. Graphic Packaging Holding has a one year low of $10.71 and a one year high of $14.70. The company has a 50 day moving average of $14.09 and a 200-day moving average of $13.40. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 17.70 and a beta of 1.47.
Graphic Packaging Holding (NYSE:GPK) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. Graphic Packaging Holding had a net margin of 5.97% and a return on equity of 23.10%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the firm posted $0.19 EPS. Graphic Packaging Holding’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts anticipate that Graphic Packaging Holding will post $0.79 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Thursday, September 15th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Tuesday, September 13th. Graphic Packaging Holding’s dividend payout ratio (DPR) is presently 25.97%.
In other news, Director Harold R. Logan, Jr. sold 14,568 shares of Graphic Packaging Holding stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $13.99, for a total transaction of $203,806.32. Following the completion of the transaction, the director now owns 58,076 shares of the company’s stock, valued at approximately $812,483.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.47% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in 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 period. Creative Planning increased its position in 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 period. Smith Asset Management Group LP increased its position in 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 period. First National Bank of Omaha purchased a new position in Graphic Packaging Holding during the second quarter valued at about $126,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Graphic Packaging Holding during the second quarter valued at about $128,000. 98.13% of the stock is owned by institutional investors and hedge funds.
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, Flexible Packaging, and Corporate and Other.
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