BMO Capital Markets reaffirmed their buy rating on shares of Graphic Packaging Holding Company (NYSE:GPK) in a report published on Friday, June 23rd. They currently have a $15.50 price objective on the industrial products company’s stock.
Other research analysts have also issued reports about the stock. Royal Bank Of Canada reissued a buy rating and set a $15.00 price target on shares of Graphic Packaging Holding in a research report on Tuesday, April 11th. Citigroup Inc. reissued a buy rating on shares of Graphic Packaging Holding in a research report on Friday, April 14th. Jefferies Group LLC restated a hold rating and set a $14.00 price objective on shares of Graphic Packaging Holding in a report on Wednesday, June 14th. Finally, Zacks Investment Research upgraded shares of Graphic Packaging Holding from a sell rating to a hold rating in a report on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. Graphic Packaging Holding currently has an average rating of Buy and a consensus price target of $15.76.
Shares of Graphic Packaging Holding (GPK) traded down 0.44% during trading on Friday, reaching $13.73. The company had a trading volume of 2,247,106 shares. Graphic Packaging Holding has a 12-month low of $12.00 and a 12-month high of $14.70. The company has a market cap of $4.26 billion, a P/E ratio of 21.09 and a beta of 1.15. The firm has a 50-day moving average of $13.51 and a 200-day moving average of $13.27.
Graphic Packaging Holding (NYSE:GPK) last released its quarterly earnings data on Tuesday, April 25th. The industrial products company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Graphic Packaging Holding 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 analyst estimates of $1.04 billion. During the same period last year, the firm earned $0.20 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that Graphic Packaging Holding will post $0.70 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Thursday, June 15th were paid a dividend of $0.075 per share. The ex-dividend date was Tuesday, June 13th. This represents a $0.30 annualized dividend and a yield of 2.18%. Graphic Packaging Holding’s dividend payout ratio is currently 46.15%.
In related news, Director G Andrea Botta sold 10,982 shares of the business’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which is accessible through this link. 1.02% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the stock. Cadence Capital Management LLC increased its position in shares of Graphic Packaging Holding by 51.3% in the first quarter. Cadence Capital Management LLC now owns 59,951 shares of the industrial products company’s stock valued at $772,000 after buying an additional 20,315 shares during the last quarter. OLD National Bancorp IN purchased a new position in shares of Graphic Packaging Holding during the first quarter worth about $520,000. State Street Corp boosted its position in shares of Graphic Packaging Holding by 3.9% in the fourth quarter. State Street Corp now owns 3,928,751 shares of the industrial products company’s stock worth $49,029,000 after buying an additional 145,916 shares during the last quarter. BlackRock Inc. boosted its position in shares of Graphic Packaging Holding by 16,552.6% in the first quarter. BlackRock Inc. now owns 14,893,409 shares of the industrial products company’s stock worth $191,677,000 after buying an additional 14,803,973 shares during the last quarter. Finally, Barings LLC boosted its position in shares of Graphic Packaging Holding by 868.0% in the fourth quarter. Barings LLC now owns 96,800 shares of the industrial products company’s stock worth $1,208,000 after buying an additional 86,800 shares during the last quarter. 95.43% of the stock is owned by institutional investors.
About Graphic Packaging Holding
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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