Virginia Retirement Systems ET AL Boosts Stake in Graphic Packaging Holding (NYSE:GPK)

Virginia Retirement Systems ET AL increased its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 1.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 56,600 shares of the industrial products company’s stock after purchasing an additional 800 shares during the period. Virginia Retirement Systems ET AL’s holdings in Graphic Packaging were worth $791,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Private Capital Group LLC boosted its position in shares of Graphic Packaging by 210.4% during the 1st quarter. Private Capital Group LLC now owns 2,533 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 1,717 shares during the period. Stanley Laman Group Ltd. boosted its position in shares of Graphic Packaging by 5.0% during the 1st quarter. Stanley Laman Group Ltd. now owns 55,906 shares of the industrial products company’s stock worth $706,000 after purchasing an additional 2,682 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Graphic Packaging by 13.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 27,335 shares of the industrial products company’s stock worth $382,000 after purchasing an additional 3,147 shares during the period. World Asset Management Inc boosted its position in shares of Graphic Packaging by 33.8% during the 1st quarter. World Asset Management Inc now owns 13,479 shares of the industrial products company’s stock worth $170,000 after purchasing an additional 3,402 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Graphic Packaging by 7.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 52,660 shares of the industrial products company’s stock worth $736,000 after purchasing an additional 3,558 shares during the period.

A number of research firms recently weighed in on GPK. Zacks Investment Research raised shares of Graphic Packaging from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Friday, July 26th. UBS Group raised their price target on shares of Graphic Packaging from $12.50 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. ValuEngine raised shares of Graphic Packaging from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. TheStreet raised shares of Graphic Packaging from a “c+” rating to a “b-” rating in a research report on Monday, April 22nd. Finally, Citigroup raised their price target on shares of Graphic Packaging from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Graphic Packaging presently has an average rating of “Buy” and a consensus target price of $16.00.

GPK stock traded up $0.23 during midday trading on Tuesday, hitting $13.29. The company’s stock had a trading volume of 393,408 shares, compared to its average volume of 4,510,635. The company has a quick ratio of 0.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.46. Graphic Packaging Holding has a 52-week low of $10.04 and a 52-week high of $15.58. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 1.21 and a beta of 1.34. The firm has a 50-day moving average of $14.26.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Graphic Packaging had a net margin of 4.32% and a return on equity of 12.94%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter last year, the company posted $0.18 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, research analysts expect that Graphic Packaging Holding will post 0.85 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 5th. Stockholders of record on Sunday, September 15th will be issued a $0.075 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.26%. Graphic Packaging’s payout ratio is 37.04%.

Graphic Packaging Profile

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, foodservice, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.

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Institutional Ownership by Quarter for Graphic Packaging (NYSE:GPK)

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