GPK has been the topic of a number of other research reports. RBC Capital Markets started coverage on shares of Graphic Packaging Holding in a report on Thursday, September 29th. They issued an outperform rating and a $17.00 price objective on the stock. Robert W. Baird restated an outperform rating and set a $16.00 price objective on shares of Graphic Packaging Holding in a research report on Monday, September 19th. Zacks Investment Research lowered shares of Graphic Packaging Holding from a hold rating to a sell rating in a research report on Monday, July 4th. Citigroup Inc. raised their price objective on shares of Graphic Packaging Holding from $15.50 to $16.00 and gave the company a buy rating in a research report on Wednesday, July 27th. Finally, Royal Bank Of Canada began coverage on shares of Graphic Packaging Holding in a research report on Friday, September 30th. They set an outperform rating and a $17.00 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. Graphic Packaging Holding has an average rating of Buy and an average price target of $15.83.
Shares of Graphic Packaging Holding (NYSE:GPK) opened at 13.54 on Monday. The company’s 50-day moving average is $14.12 and its 200-day moving average is $13.38. Graphic Packaging Holding has a 12-month low of $10.71 and a 12-month high of $14.70. The stock has a market cap of $4.32 billion, a P/E ratio of 17.47 and a beta of 1.47.
Graphic Packaging Holding (NYSE:GPK) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.19. Graphic Packaging Holding had a net margin of 5.97% and a return on equity of 23.10%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the firm posted $0.19 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts expect that Graphic Packaging Holding will post $0.79 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 5th. Investors of record on Thursday, September 15th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Tuesday, September 13th. Graphic Packaging Holding’s dividend payout ratio is currently 25.97%.
In related news, Director Harold R. Logan, Jr. sold 14,568 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $13.99, for a total transaction of $203,806.32. Following the completion of the sale, the director now directly owns 58,076 shares in the company, valued at $812,483.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.47% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. FMR LLC boosted its stake in Graphic Packaging Holding by 40.2% in the second quarter. FMR LLC now owns 34,116,601 shares of the company’s stock valued at $427,822,000 after buying an additional 9,776,631 shares in the last quarter. Norges Bank bought a new stake in Graphic Packaging Holding during the fourth quarter valued at approximately $40,497,000. Renaissance Technologies LLC boosted its stake in Graphic Packaging Holding by 396.6% in the first quarter. Renaissance Technologies LLC now owns 1,761,118 shares of the company’s stock valued at $22,630,000 after buying an additional 1,406,500 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Graphic Packaging Holding by 35.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,297,349 shares of the company’s stock valued at $55,221,000 after buying an additional 1,118,472 shares in the last quarter. Finally, Anchor Bolt Capital LP boosted its stake in Graphic Packaging Holding by 29.0% in the first quarter. Anchor Bolt Capital LP now owns 3,916,183 shares of the company’s stock valued at $50,323,000 after buying an additional 881,467 shares in the last quarter. Institutional investors and hedge funds own 98.13% 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, Flexible Packaging, and Corporate and Other.
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