Charles Schwab Investment Management Inc. increased its holdings in Graphic Packaging Holding (NYSE:GPK) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,052,501 shares of the industrial products company’s stock after acquiring an additional 29,374 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Graphic Packaging were worth $28,694,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of GPK. Rockefeller Capital Management L.P. raised its holdings in shares of Graphic Packaging by 64.1% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 4,287 shares of the industrial products company’s stock worth $60,000 after acquiring an additional 1,675 shares during the last quarter. Creative Planning acquired a new stake in shares of Graphic Packaging in the 1st quarter worth about $135,000. Leavell Investment Management Inc. acquired a new stake in shares of Graphic Packaging in the 2nd quarter worth about $140,000. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Graphic Packaging in the 2nd quarter worth about $182,000. Finally, Sawtooth Solutions LLC acquired a new stake in shares of Graphic Packaging in the 1st quarter worth about $194,000.
NYSE:GPK opened at $14.08 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.70 and a current ratio of 1.70. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 1.23 and a beta of 1.35. Graphic Packaging Holding has a 52 week low of $10.04 and a 52 week high of $15.58. The firm has a 50-day moving average price of $13.90 and a two-hundred day moving average price of $13.44.
Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Graphic Packaging had a net margin of 4.32% and a return on equity of 12.94%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS. As a group, sell-side analysts forecast that Graphic Packaging Holding will post 0.86 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 5th. Shareholders of record on Sunday, September 15th will be paid a $0.075 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.30 annualized dividend and a yield of 2.13%. Graphic Packaging’s dividend payout ratio (DPR) is 37.04%.
A number of equities research analysts recently weighed in on GPK shares. Zacks Investment Research lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Citigroup upped their target price on shares of Graphic Packaging from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Graphic Packaging has an average rating of “Hold” and an average price target of $16.00.
About Graphic Packaging
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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