Teachers Advisors LLC cut its holdings in Graphic Packaging Holding (NYSE:GPK) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 910,243 shares of the industrial products company’s stock after selling 69,239 shares during the period. Teachers Advisors LLC owned about 0.29% of Graphic Packaging worth $14,063,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of GPK. The Manufacturers Life Insurance Company raised its stake in Graphic Packaging by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 12,512 shares of the industrial products company’s stock valued at $172,000 after buying an additional 774 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of Graphic Packaging by 56.8% during the third quarter. Nationwide Fund Advisors now owns 716,276 shares of the industrial products company’s stock worth $9,992,000 after purchasing an additional 259,444 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Graphic Packaging by 14.7% during the third quarter. Russell Investments Group Ltd. now owns 36,767 shares of the industrial products company’s stock worth $513,000 after purchasing an additional 4,722 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Graphic Packaging by 45.5% during the third quarter. SG Americas Securities LLC now owns 20,927 shares of the industrial products company’s stock worth $292,000 after purchasing an additional 6,545 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Graphic Packaging by 7.8% during the third quarter. Ameriprise Financial Inc. now owns 3,035,861 shares of the industrial products company’s stock worth $42,353,000 after purchasing an additional 219,336 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.
A number of analysts have recently commented on the company. Zacks Investment Research cut Graphic Packaging from a “buy” rating to a “sell” rating in a research report on Tuesday, March 6th. Royal Bank of Canada reiterated a “buy” rating and set a $19.00 target price on shares of Graphic Packaging in a research report on Thursday, February 1st. Finally, BMO Capital Markets reiterated a “buy” rating and set a $18.00 target price on shares of Graphic Packaging in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Graphic Packaging presently has an average rating of “Buy” and an average target price of $17.21.
NYSE:GPK opened at $15.35 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.63 and a current ratio of 1.37. Graphic Packaging Holding has a one year low of $12.65 and a one year high of $16.74. The stock has a market cap of $4,754.14, a PE ratio of 23.98, a PEG ratio of 3.53 and a beta of 1.16.
Graphic Packaging (NYSE:GPK) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.02). The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Graphic Packaging had a return on equity of 17.09% and a net margin of 6.82%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 EPS. equities research analysts anticipate that Graphic Packaging Holding will post 0.87 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 15th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Wednesday, March 14th. Graphic Packaging’s dividend payout ratio (DPR) is presently 47.62%.
Graphic Packaging 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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