Ethic Inc. bought a new position in shares of Graphic Packaging Holding (NYSE:GPK – Get Rating) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,748 shares of the industrial products company’s stock, valued at approximately $212,000.
Other hedge funds have also made changes to their positions in the company. Wipfli Financial Advisors LLC purchased a new position in Graphic Packaging during the third quarter worth about $29,000. Assetmark Inc. raised its holdings in Graphic Packaging by 40.0% during the third quarter. Assetmark Inc. now owns 2,297 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 656 shares in the last quarter. IFP Advisors Inc raised its holdings in Graphic Packaging by 1,275.3% during the third quarter. IFP Advisors Inc now owns 2,668 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 2,474 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Graphic Packaging during the third quarter worth about $82,000. Finally, American International Group Inc. raised its holdings in Graphic Packaging by 21.6% during the second quarter. American International Group Inc. now owns 4,414 shares of the industrial products company’s stock worth $90,000 after purchasing an additional 783 shares in the last quarter. Institutional investors and hedge funds own 94.47% of the company’s stock.
Wall Street Analyst Weigh In
GPK has been the subject of several analyst reports. UBS Group increased their price target on shares of Graphic Packaging from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, December 21st. Royal Bank of Canada increased their target price on shares of Graphic Packaging from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, February 9th. StockNews.com raised shares of Graphic Packaging from a “hold” rating to a “buy” rating in a report on Wednesday, February 8th. Mizuho increased their target price on shares of Graphic Packaging from $29.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, February 8th. Finally, Wells Fargo & Company dropped their target price on shares of Graphic Packaging from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Wednesday, February 8th. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $27.83.
Insider Buying and Selling
Graphic Packaging Trading Down 1.3 %
Shares of GPK opened at $24.62 on Friday. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.40 and a quick ratio of 0.57. The firm has a 50 day simple moving average of $23.24 and a 200-day simple moving average of $22.43. Graphic Packaging Holding has a 1-year low of $18.75 and a 1-year high of $25.17. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 0.37 and a beta of 0.96.
Graphic Packaging (NYSE:GPK – Get Rating) last announced its earnings results on Tuesday, February 7th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. Graphic Packaging had a net margin of 5.53% and a return on equity of 36.32%. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the business earned $0.31 earnings per share. Graphic Packaging’s revenue was up 20.0% compared to the same quarter last year. Equities analysts forecast that Graphic Packaging Holding will post 2.74 EPS for the current fiscal year.
Graphic Packaging Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 5th. Investors of record on Wednesday, March 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.62%. Graphic Packaging’s dividend payout ratio (DPR) is currently 23.81%.
About Graphic Packaging
Graphic Packaging Holding Co engages in the provision of paper-based packaging solutions for a variety of products to food, beverage and other consumer products companies. It operates through the following business segments: Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other.
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