Rothschild & Co. Asset Management US Inc. cut its position in Graphic Packaging Holding (NYSE:GPK – Get Rating) by 5.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 412,921 shares of the industrial products company’s stock after selling 25,411 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in Graphic Packaging were worth $8,465,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its holdings in shares of Graphic Packaging by 3,761.8% during the second quarter. First Horizon Advisors Inc. now owns 1,313 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 1,279 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Graphic Packaging by 79.1% during the second quarter. Assetmark Inc. now owns 1,641 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 725 shares in the last quarter. Arlington Partners LLC acquired a new position in shares of Graphic Packaging during the second quarter valued at about $66,000. Meeder Asset Management Inc. acquired a new position in shares of Graphic Packaging during the first quarter valued at about $69,000. Finally, American International Group Inc. increased its holdings in shares of 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 valued at $90,000 after acquiring an additional 783 shares in the last quarter. 90.48% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms have recently issued reports on GPK. Mizuho upped their price objective on shares of Graphic Packaging from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, October 26th. Raymond James upped their price objective on shares of Graphic Packaging from $26.00 to $27.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft upped their target price on Graphic Packaging from $27.00 to $28.00 in a research report on Thursday, October 27th. StockNews.com began coverage on Graphic Packaging in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Royal Bank of Canada upped their target price on Graphic Packaging from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.75.
Graphic Packaging Trading Up 1.0 %
Graphic Packaging Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders of record on Thursday, December 15th will be given a dividend of $0.10 per share. This is a positive change from Graphic Packaging’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.74%. Graphic Packaging’s dividend payout ratio (DPR) is 22.90%.
Graphic Packaging Company Profile
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.
- Get a free copy of the StockNews.com research report on Graphic Packaging (GPK)
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