Zacks Investment Research lowered shares of Graphic Packaging Holding Company (NYSE:GPK) from a hold rating to a sell rating in a research report released on Friday, July 14th.
According to Zacks, “GRAPHIC PACKAGING CORPORATION, headquartered in Marietta, Georgia, is a leading provider of paperboard packaging solutions for a wide variety of products to food, beverage and other consumer products companies. Graphic Packaging’s customers include some of the most widely recognized companies in the world. “
A number of other equities research analysts have also issued reports on GPK. Royal Bank Of Canada reaffirmed a buy rating and set a $15.00 target price on shares of Graphic Packaging Holding in a report on Tuesday, April 11th. Citigroup Inc. reissued a buy rating on shares of Graphic Packaging Holding in a report on Friday, April 14th. Jefferies Group LLC reissued a hold rating and issued a $14.00 price objective on shares of Graphic Packaging Holding in a report on Monday, May 8th. BMO Capital Markets reissued a buy rating and issued a $15.50 price objective on shares of Graphic Packaging Holding in a report on Friday, June 23rd. Finally, BidaskClub raised shares of Graphic Packaging Holding from a hold rating to a buy rating in a report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. Graphic Packaging Holding has an average rating of Buy and a consensus target price of $15.73.
Graphic Packaging Holding (GPK) opened at 13.24 on Friday. The stock has a market capitalization of $4.10 billion, a PE ratio of 24.56 and a beta of 1.14. The company’s 50-day moving average is $13.53 and its 200 day moving average is $13.32. Graphic Packaging Holding has a 1-year low of $12.00 and a 1-year high of $14.70.
Graphic Packaging Holding (NYSE:GPK) last released its earnings results on Tuesday, July 25th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. Graphic Packaging Holding had a net margin of 3.98% and a return on equity of 18.22%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts predict that Graphic Packaging Holding will post $0.68 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.27%. The ex-dividend date is Thursday, September 14th. Graphic Packaging Holding’s dividend payout ratio (DPR) is presently 54.55%.
In other Graphic Packaging Holding news, Director G Andrea Botta sold 10,982 shares of the stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.02% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Graphic Packaging Holding by 1.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 8,039 shares of the industrial products company’s stock valued at $103,000 after buying an additional 116 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Graphic Packaging Holding during the first quarter valued at about $104,000. Van ECK Associates Corp boosted its stake in shares of Graphic Packaging Holding by 1.6% in the second quarter. Van ECK Associates Corp now owns 7,630 shares of the industrial products company’s stock valued at $105,000 after buying an additional 117 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Graphic Packaging Holding by 124.0% in the first quarter. Fifth Third Bancorp now owns 10,082 shares of the industrial products company’s stock valued at $130,000 after buying an additional 5,582 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Graphic Packaging Holding by 14.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,729 shares of the industrial products company’s stock valued at $133,000 after buying an additional 1,348 shares in the last quarter. 95.87% of the stock is currently owned by institutional investors and hedge funds.
Graphic Packaging Holding Company 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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