Russell Investments Group Ltd. raised its holdings in shares of Graphic Packaging Holding Company (NYSE:GPK) by 101.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,045 shares of the industrial products company’s stock after purchasing an additional 16,119 shares during the period. Russell Investments Group Ltd.’s holdings in Graphic Packaging Holding were worth $442,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in Graphic Packaging Holding by 124.0% during the 1st quarter. Fifth Third Bancorp now owns 10,082 shares of the industrial products company’s stock valued at $130,000 after purchasing an additional 5,582 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Graphic Packaging Holding during the 1st quarter worth approximately $104,000. Two Sigma Securities LLC purchased a new position in shares of Graphic Packaging Holding during the 1st quarter worth approximately $140,000. SG Americas Securities LLC purchased a new position in shares of Graphic Packaging Holding during the 1st quarter worth approximately $150,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Graphic Packaging Holding by 10.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 11,826 shares of the industrial products company’s stock worth $152,000 after acquiring an additional 1,097 shares during the period. 95.00% of the stock is owned by institutional investors and hedge funds.
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A number of research analysts have weighed in on GPK shares. BMO Capital Markets reiterated a “buy” rating and set a $15.50 target price on shares of Graphic Packaging Holding in a report on Friday, September 1st. Zacks Investment Research downgraded Graphic Packaging Holding from a “hold” rating to a “sell” rating in a report on Friday, July 14th. DA Davidson reiterated a “buy” rating and set a $16.50 target price (down previously from $17.50) on shares of Graphic Packaging Holding in a report on Monday, August 21st. BidaskClub upgraded Graphic Packaging Holding from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $14.00 target price on shares of Graphic Packaging Holding in a report on Wednesday, June 14th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $15.54.
Graphic Packaging Holding Company (NYSE GPK) traded up 0.481% during mid-day trading on Thursday, hitting $13.575. The company had a trading volume of 1,636,809 shares. Graphic Packaging Holding Company has a 1-year low of $12.00 and a 1-year high of $14.19. The company has a 50 day moving average of $13.18 and a 200 day moving average of $13.33. The firm has a market capitalization of $4.21 billion, a PE ratio of 25.186 and a beta of 1.15.
Graphic Packaging Holding (NYSE:GPK) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. Graphic Packaging Holding had a net margin of 3.98% and a return on equity of 18.22%. Graphic Packaging Holding’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Analysts predict that Graphic Packaging Holding Company will post $0.68 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Thursday, September 14th. Graphic Packaging Holding’s dividend payout ratio (DPR) is 54.55%.
Graphic Packaging Holding 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.
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