Great West Life Assurance Co. Can acquired a new stake in Graphic Packaging Holding (NYSE:GPK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 21,566 shares of the industrial products company’s stock, valued at approximately $356,000.
A number of other institutional investors have also recently made changes to their positions in the business. Atria Investments LLC grew its stake in Graphic Packaging by 47.5% in the fourth quarter. Atria Investments LLC now owns 100,230 shares of the industrial products company’s stock valued at $1,669,000 after acquiring an additional 32,280 shares during the period. Quantitative Systematic Strategies LLC grew its stake in Graphic Packaging by 32.9% in the fourth quarter. Quantitative Systematic Strategies LLC now owns 69,961 shares of the industrial products company’s stock valued at $1,165,000 after acquiring an additional 17,321 shares during the period. Envestnet Asset Management Inc. grew its stake in Graphic Packaging by 13.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 483,040 shares of the industrial products company’s stock valued at $8,043,000 after acquiring an additional 55,496 shares during the period. Mid Atlantic Financial Management Inc. ADV acquired a new stake in Graphic Packaging in the fourth quarter valued at approximately $214,000. Finally, KBC Group NV acquired a new stake in Graphic Packaging in the fourth quarter valued at approximately $5,511,000. 97.94% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have commented on GPK. Zacks Investment Research cut Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. KeyCorp reissued a “hold” rating on shares of Graphic Packaging in a research note on Tuesday, January 28th. Robert W. Baird cut Graphic Packaging from an “outperform” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research note on Monday, February 24th. ValuEngine raised Graphic Packaging from a “sell” rating to a “hold” rating in a research note on Friday, March 13th. Finally, Royal Bank of Canada restated a “buy” rating on shares of Graphic Packaging in a report on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $16.20.
In related news, Director Larry M. Venturelli bought 8,100 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were bought at an average price of $11.31 per share, for a total transaction of $91,611.00. 0.72% of the stock is owned by company insiders.
GPK stock opened at $11.95 on Thursday. Graphic Packaging Holding has a twelve month low of $10.40 and a twelve month high of $16.95. The company has a quick ratio of 0.59, a current ratio of 1.51 and a debt-to-equity ratio of 1.37. The stock’s 50 day moving average is $14.10 and its 200-day moving average is $15.30. The firm has a market capitalization of $3.41 billion, a PE ratio of 17.07, a P/E/G ratio of 0.49 and a beta of 1.49.
Graphic Packaging (NYSE:GPK) last posted its earnings results on Tuesday, January 28th. The industrial products company reported $0.23 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.23. Graphic Packaging had a return on equity of 12.54% and a net margin of 3.36%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the company earned $0.23 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities research analysts anticipate that Graphic Packaging Holding will post 0.95 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, April 5th. Stockholders of record on Sunday, March 15th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.51%. Graphic Packaging’s dividend payout ratio is presently 34.48%.
Graphic Packaging Profile
Graphic Packaging Holding Company, together with its subsidiaries, provides paper-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 folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.
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