HighTower Advisors LLC Acquires 1,696 Shares of Graphic Packaging Holding (NYSE:GPK)

HighTower Advisors LLC raised its holdings in shares of Graphic Packaging Holding (NYSE:GPKGet Rating) by 0.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 228,458 shares of the industrial products company’s stock after purchasing an additional 1,696 shares during the period. HighTower Advisors LLC owned 0.07% of Graphic Packaging worth $4,579,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CVA Family Office LLC bought a new position in Graphic Packaging during the 1st quarter valued at approximately $31,000. Meeder Asset Management Inc. bought a new position in shares of Graphic Packaging in the 1st quarter worth approximately $69,000. Covestor Ltd bought a new position in shares of Graphic Packaging in the 4th quarter worth approximately $70,000. Rockefeller Capital Management L.P. raised its position in shares of Graphic Packaging by 30.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,353 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 1,013 shares in the last quarter. Finally, Fifth Lane Capital LP bought a new position in shares of Graphic Packaging in the 4th quarter worth approximately $100,000. Institutional investors own 90.48% of the company’s stock.

Insider Transactions at Graphic Packaging

In other news, EVP Michael James Farrell sold 12,779 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $23.35, for a total value of $298,389.65. Following the transaction, the executive vice president now directly owns 44,902 shares in the company, valued at approximately $1,048,461.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Michael James Farrell sold 12,779 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $23.35, for a total value of $298,389.65. Following the transaction, the executive vice president now directly owns 44,902 shares of the company’s stock, valued at approximately $1,048,461.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Jean Francois Roche sold 46,898 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $22.50, for a total value of $1,055,205.00. Following the completion of the transaction, the senior vice president now directly owns 84 shares in the company, valued at $1,890. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Citigroup increased their target price on Graphic Packaging to $27.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. BMO Capital Markets raised Graphic Packaging from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $20.00 to $25.00 in a research report on Friday, May 27th. Deutsche Bank Aktiengesellschaft increased their target price on Graphic Packaging from $25.00 to $27.00 in a research report on Wednesday, July 27th. Exane BNP Paribas raised Graphic Packaging from a “neutral” rating to an “outperform” rating and set a $26.00 price objective for the company in a research report on Tuesday, May 10th. Finally, BNP Paribas raised Graphic Packaging from a “neutral” rating to an “outperform” rating and set a $26.00 price objective for the company in a research report on Tuesday, May 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $25.46.

Graphic Packaging Stock Performance

Shares of GPK opened at $22.40 on Friday. The business’s fifty day simple moving average is $21.89 and its two-hundred day simple moving average is $21.08. The company has a current ratio of 1.34, a quick ratio of 0.57 and a debt-to-equity ratio of 2.91. Graphic Packaging Holding has a 12 month low of $17.63 and a 12 month high of $23.71. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 24.09, a P/E/G ratio of 0.42 and a beta of 0.95.

Graphic Packaging (NYSE:GPKGet Rating) last issued its earnings results on Tuesday, July 26th. The industrial products company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.26 billion. Graphic Packaging had a return on equity of 28.19% and a net margin of 3.40%. The company’s revenue was up 35.8% compared to the same quarter last year. During the same period last year, the business posted $0.26 EPS. Research analysts anticipate that Graphic Packaging Holding will post 2.19 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The company 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 $0.075 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.34%. Graphic Packaging’s dividend payout ratio (DPR) is currently 32.26%.

About Graphic Packaging

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Graphic Packaging Holding Company, together with its subsidiaries, provides fiber-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 products, such as folding cartons, cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies; and barrier packaging products that protect against moisture, hot and cold temperature, grease, oil, oxygen, sunlight, insects, and other potential product-damaging factors.

See Also

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

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