Artemis Investment Management LLP decreased its stake in Graphic Packaging Holding Co. (NYSE:GPK) by 42.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 70,495 shares of the company’s stock after selling 51,018 shares during the period. Artemis Investment Management LLP’s holdings in Graphic Packaging Holding were worth $884,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning boosted its stake 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 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 bought a new stake in shares of Graphic Packaging Holding during the second quarter valued at approximately $126,000. Magnetar Financial LLC bought a new stake in shares of Graphic Packaging Holding during the first quarter valued at approximately $148,000. Finally, Bayesian Capital Management LP bought a new stake in shares of Graphic Packaging Holding during the first quarter valued at approximately $175,000. Institutional investors own 98.13% of the company’s stock.
Shares of Graphic Packaging Holding Co. (NYSE:GPK) traded up 2.79% during trading on Friday, hitting $13.99. The stock had a trading volume of 6,939,444 shares. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 18.05 and a beta of 1.57. Graphic Packaging Holding Co. has a 52 week low of $10.71 and a 52 week high of $14.70. The firm has a 50 day moving average price of $14.14 and a 200-day moving average price of $13.36.
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 Zacks’ consensus estimate of $0.19. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Graphic Packaging Holding had a return on equity of 23.10% and a net margin of 5.97%. Graphic Packaging Holding’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $0.19 EPS. On average, equities research analysts forecast that Graphic Packaging Holding Co. will post $0.79 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Thursday, September 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.43%. Graphic Packaging Holding’s dividend payout ratio is 25.97%.
Several analysts recently commented 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 target price on the stock. RBC Capital Markets assumed coverage on Graphic Packaging Holding in a report on Thursday. They issued an “outperform” rating and a $17.00 target price on the stock. Zacks Investment Research upgraded Graphic Packaging Holding from a “sell” rating to a “hold” rating in a report on Monday, August 15th. Citigroup Inc. upped their target price 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, Robert W. Baird reissued an “outperform” rating and issued a $16.00 price target on shares of Graphic Packaging Holding in a research note on Monday, September 19th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Graphic Packaging Holding currently has an average rating of “Buy” and an average price target of $15.83.
In related news, Director Harold R. Logan, Jr. sold 14,568 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $13.99, for a total transaction of $203,806.32. Following the transaction, the director now directly 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 link. Corporate insiders own 1.47% 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.
Want to see what other hedge funds are holding GPK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Graphic Packaging Holding Co. (NYSE:GPK).
Receive News & Ratings for Graphic Packaging Holding Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graphic Packaging Holding Co. and related companies with MarketBeat.com's FREE daily email newsletter.