BidaskClub upgraded shares of Graphic Packaging Holding Company (NYSE:GPK) from a sell rating to a hold rating in a research report released on Saturday.

Several other brokerages also recently weighed in on GPK. Zacks Investment Research downgraded shares of Graphic Packaging Holding from a hold rating to a sell rating in a report on Friday, July 14th. BMO Capital Markets reiterated a buy rating and issued a $15.50 price target on shares of Graphic Packaging Holding in a report on Friday, June 23rd. DA Davidson started coverage on shares of Graphic Packaging Holding in a report on Monday, July 10th. They issued a buy rating and a $17.50 price target on the stock. Jefferies Group LLC reiterated a hold rating and issued a $14.00 price target on shares of Graphic Packaging Holding in a report on Wednesday, June 14th. Finally, Citigroup Inc. reiterated a buy rating on shares of Graphic Packaging Holding in a report on Friday, April 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $15.73.

Graphic Packaging Holding (NYSE:GPK) opened at 13.62 on Friday. Graphic Packaging Holding has a 12-month low of $12.00 and a 12-month high of $14.70. The company has a 50 day moving average of $13.56 and a 200-day moving average of $13.34. The stock has a market cap of $4.22 billion, a P/E ratio of 25.27 and a beta of 1.14.

Graphic Packaging Holding (NYSE:GPK) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. Graphic Packaging Holding had a net margin of 3.98% and a return on equity of 18.22%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts forecast that Graphic Packaging Holding will post $0.68 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.075 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.20%. Graphic Packaging Holding’s payout ratio is 54.55%.

In other news, Director G Andrea Botta sold 10,982 shares of the firm’s stock in a transaction that occurred on 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 legal filing with the SEC, which is accessible through this hyperlink. 1.02% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of GPK. Cadence Capital Management LLC boosted its stake in shares of Graphic Packaging Holding by 51.3% in the first quarter. Cadence Capital Management LLC now owns 59,951 shares of the industrial products company’s stock worth $772,000 after buying an additional 20,315 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Graphic Packaging Holding by 16,552.6% in the first quarter. BlackRock Inc. now owns 14,893,409 shares of the industrial products company’s stock worth $191,677,000 after buying an additional 14,803,973 shares during the last quarter. OLD National Bancorp IN purchased a new stake in shares of Graphic Packaging Holding during the first quarter worth approximately $520,000. Vanguard Group Inc. boosted its stake in shares of Graphic Packaging Holding by 3.7% in the first quarter. Vanguard Group Inc. now owns 25,103,563 shares of the industrial products company’s stock worth $323,083,000 after buying an additional 896,031 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Graphic Packaging Holding by 2.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,390,397 shares of the industrial products company’s stock worth $17,895,000 after buying an additional 29,761 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

About Graphic Packaging Holding

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.

Analyst Recommendations for Graphic Packaging Holding (NYSE:GPK)

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