Graphic Packaging Holding Company (GPK) Bond Prices Rise 1%

An issue of Graphic Packaging Holding Company (NYSE:GPK) bonds rose 1% as a percentage of their face value during trading on Wednesday. The debt issue has a 4.125% coupon and will mature on August 15, 2024. The bonds in the issue are now trading at $103.00. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its stock price.

GPK has been the subject of several recent research reports. Citigroup Inc. reiterated a “buy” rating on shares of Graphic Packaging Holding Company in a report on Friday, April 14th. Bank of America Corporation reiterated a “buy” rating and set a $16.30 price objective (up from $16.10) on shares of Graphic Packaging Holding Company in a report on Tuesday, February 21st. Zacks Investment Research lowered Graphic Packaging Holding Company from a “hold” rating to a “sell” rating in a report on Wednesday, April 5th. Royal Bank Of Canada reiterated a “buy” rating and set a $15.00 price objective on shares of Graphic Packaging Holding Company in a report on Tuesday, April 11th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $14.00 price objective on shares of Graphic Packaging Holding Company in a report on Monday, May 8th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $15.40.

Graphic Packaging Holding Company (NYSE GPK) opened at 13.18 on Friday. The firm has a market capitalization of $4.09 billion, a P/E ratio of 20.25 and a beta of 1.19. The firm’s 50-day moving average is $13.56 and its 200 day moving average is $13.11. Graphic Packaging Holding Company has a 52-week low of $11.95 and a 52-week high of $14.70.

Graphic Packaging Holding Company (NYSE:GPK) last issued its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. Graphic Packaging Holding Company had a net margin of 4.80% and a return on equity of 19.53%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm posted $0.20 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts anticipate that Graphic Packaging Holding Company will post $0.71 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.30 annualized dividend and a yield of 2.28%. Graphic Packaging Holding Company’s dividend payout ratio (DPR) is presently 46.15%.

In other Graphic Packaging Holding Company news, Director G Andrea Botta sold 10,982 shares of the business’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $13.45, for a total transaction of $147,707.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.02% of the company’s stock.

A number of large investors have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Graphic Packaging Holding Company by 1.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 8,039 shares of the industrial products company’s stock valued at $103,000 after buying an additional 116 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Graphic Packaging Holding Company during the first quarter valued at approximately $104,000. Fifth Third Bancorp boosted its stake in shares of Graphic Packaging Holding Company by 124.0% in the first quarter. Fifth Third Bancorp now owns 10,082 shares of the industrial products company’s stock valued at $130,000 after buying an additional 5,582 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Graphic Packaging Holding Company by 14.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,729 shares of the industrial products company’s stock valued at $133,000 after buying an additional 1,348 shares during the period. Finally, Eagle Boston Investment Management Inc. acquired a new stake in shares of Graphic Packaging Holding Company during the first quarter valued at approximately $136,000. 95.48% of the stock is currently owned by hedge funds and other institutional investors.

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Graphic Packaging Holding Company 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, 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GPK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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