Monarch Partners Asset Management LLC increased its stake in Graphic Packaging Holding Co. (NYSE:GPK) by 6.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,083,701 shares of the company’s stock after buying an additional 68,630 shares during the period. Graphic Packaging Holding comprises about 1.4% of Monarch Partners Asset Management LLC’s holdings, making the stock its 23rd largest position. Monarch Partners Asset Management LLC’s holdings in Graphic Packaging Holding were worth $13,590,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of GPK. Creative Planning raised 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 last quarter. Seven Eight Capital LLC raised its position in Graphic Packaging Holding by 1.1% in the first quarter. Seven Eight Capital LLC now owns 18,532 shares of the company’s stock valued at $238,000 after buying an additional 200 shares during the last quarter. Panagora Asset Management Inc. raised its position in Graphic Packaging Holding by 0.6% in the first quarter. Panagora Asset Management Inc. now owns 611,712 shares of the company’s stock valued at $7,861,000 after buying an additional 3,685 shares during the last quarter. Hancock Holding Co. raised its position in Graphic Packaging Holding by 0.9% in the first quarter. Hancock Holding Co. now owns 671,755 shares of the company’s stock valued at $8,632,000 after buying an additional 6,070 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its position in Graphic Packaging Holding by 5.5% in the first quarter. Nuveen Asset Management LLC now owns 125,900 shares of the company’s stock valued at $1,618,000 after buying an additional 6,507 shares during the last quarter. Institutional investors own 98.13% of the company’s stock.
Graphic Packaging Holding Co. (NYSE:GPK) traded up 2.79% during midday trading on Friday, reaching $13.99. The company’s stock had a trading volume of 6,939,444 shares. The firm has a 50 day moving average of $14.14 and a 200 day moving average of $13.35. Graphic Packaging Holding Co. has a 52-week low of $10.71 and a 52-week high of $14.70. The firm has a market cap of $4.46 billion, a P/E ratio of 18.05 and a beta of 1.57.
Graphic Packaging Holding (NYSE:GPK) last posted its earnings results on Tuesday, July 26th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The firm earned $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Graphic Packaging Holding had a return on equity of 23.10% and a net margin of 5.97%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.19 earnings per share. Analysts anticipate that Graphic Packaging Holding Co. will post $0.79 earnings per share for the current fiscal year.
The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.20 annualized dividend and a dividend yield of 1.43%. Graphic Packaging Holding’s payout ratio is 25.97%.
Several research firms have recently issued reports on GPK. Royal Bank Of Canada began coverage on Graphic Packaging Holding in a research report on Friday. They set an “outperform” rating and a $17.00 target price for the company. RBC Capital Markets initiated coverage on Graphic Packaging Holding in a report on Thursday. They set an “outperform” rating on the stock. Citigroup Inc. lifted their price objective on Graphic Packaging Holding from $15.50 to $16.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. Zacks Investment Research upgraded Graphic Packaging Holding from a “sell” rating to a “hold” rating in a report on Monday, August 15th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $16.00 price objective on shares of Graphic Packaging Holding in a report on Monday, September 19th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $15.69.
In other news, Director Harold R. Logan, Jr. sold 14,568 shares of the stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $13.99, for a total value of $203,806.32. Following the completion of the sale, the director now owns 58,076 shares of the company’s stock, valued at $812,483.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.47% of the stock is owned by insiders.
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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