IFP Advisors Inc Buys 10,770 Shares of Graphic Packaging Holding (GPK)

IFP Advisors Inc increased its stake in Graphic Packaging Holding (NYSE:GPK) by 831.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,066 shares of the industrial products company’s stock after acquiring an additional 10,770 shares during the period. IFP Advisors Inc’s holdings in Graphic Packaging were worth $169,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Narwhal Capital Management lifted its stake in shares of Graphic Packaging by 4.0% in the 2nd quarter. Narwhal Capital Management now owns 113,120 shares of the industrial products company’s stock valued at $1,641,000 after acquiring an additional 4,325 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of Graphic Packaging by 14.1% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 42,152 shares of the industrial products company’s stock valued at $612,000 after acquiring an additional 5,200 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Graphic Packaging by 20.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 32,870 shares of the industrial products company’s stock valued at $476,000 after acquiring an additional 5,610 shares during the last quarter. Whittier Trust Co. raised its position in Graphic Packaging by 4.7% during the 2nd quarter. Whittier Trust Co. now owns 136,958 shares of the industrial products company’s stock valued at $1,987,000 after purchasing an additional 6,107 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in Graphic Packaging by 55.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 17,873 shares of the industrial products company’s stock valued at $259,000 after purchasing an additional 6,388 shares during the last quarter. 99.32% of the stock is owned by institutional investors.

GPK opened at $11.65 on Friday. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 1.16 and a beta of 1.35. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.67 and a quick ratio of 0.79. Graphic Packaging Holding has a one year low of $10.04 and a one year high of $16.74.

Graphic Packaging (NYSE:GPK) last posted its earnings results on Tuesday, October 23rd. The industrial products company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). Graphic Packaging had a return on equity of 11.90% and a net margin of 6.18%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the company posted $0.18 EPS. The firm’s revenue was up 34.5% on a year-over-year basis. Equities research analysts forecast that Graphic Packaging Holding will post 0.78 EPS for the current fiscal year.

In other Graphic Packaging news, Director Larry M. Venturelli bought 25,000 shares of the business’s stock in a transaction on Thursday, October 25th. The shares were acquired at an average cost of $10.59 per share, for a total transaction of $264,750.00. Following the purchase, the director now owns 47,993 shares in the company, valued at approximately $508,245.87. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

A number of research analysts have commented on the company. Zacks Investment Research raised Graphic Packaging from a “sell” rating to a “hold” rating in a research report on Tuesday, July 17th. Bank of America upped their price target on Graphic Packaging from $16.80 to $17.00 and gave the company a “buy” rating in a research report on Monday, July 16th. Citigroup lowered their price target on Graphic Packaging from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, July 25th. ValuEngine lowered Graphic Packaging from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Finally, Deutsche Bank set a $15.00 price target on Graphic Packaging and gave the company a “buy” rating in a research report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. Graphic Packaging has an average rating of “Buy” and an average target price of $16.94.

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Graphic Packaging Profile

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, 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) and coated recycled paperboard (CRB) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons primarily to consumer packaged goods companies.

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

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