Public Employees Retirement System of Ohio decreased its stake in Graphic Packaging Holding Company (NYSE:GPK) by 6.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 137,691 shares of the industrial products company’s stock after selling 9,410 shares during the period. Public Employees Retirement System of Ohio’s holdings in Graphic Packaging Holding were worth $1,772,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in 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 valued at $191,677,000 after buying an additional 14,803,973 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Graphic Packaging Holding by 160.9% in the first quarter. Point72 Asset Management L.P. now owns 2,752,100 shares of the industrial products company’s stock valued at $35,420,000 after buying an additional 1,697,100 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Graphic Packaging Holding during the first quarter valued at about $19,896,000. MARSHALL WACE ASIA Ltd acquired a new stake in Graphic Packaging Holding during the first quarter valued at about $20,083,000. Finally, Marshall Wace North America L.P. acquired a new stake in Graphic Packaging Holding during the first quarter valued at about $20,083,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Graphic Packaging Holding Company (NYSE:GPK) traded down 0.96% during trading on Friday, reaching $13.47. The company’s stock had a trading volume of 7,570,451 shares. The stock has a 50-day moving average of $13.55 and a 200 day moving average of $13.35. The firm has a market capitalization of $4.17 billion, a P/E ratio of 24.99 and a beta of 1.14. Graphic Packaging Holding Company has a one year low of $12.00 and a one year high of $14.70.

Graphic Packaging Holding (NYSE:GPK) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. Graphic Packaging Holding had a return on equity of 18.22% and a net margin of 3.98%. The business’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 earnings per share. On average, equities research analysts predict that Graphic Packaging Holding Company will post $0.68 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 15th will be given a $0.075 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.23%. Graphic Packaging Holding’s dividend payout ratio (DPR) is presently 54.55%.

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Several analysts recently issued reports on GPK shares. BMO Capital Markets reiterated a “buy” rating and set a $15.50 target price on shares of Graphic Packaging Holding in a research report on Friday, June 23rd. BidaskClub cut Graphic Packaging Holding from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research cut Graphic Packaging Holding from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. Jefferies Group LLC reiterated a “hold” rating and set a $15.00 target price (up previously from $14.00) on shares of Graphic Packaging Holding in a research report on Friday, July 14th. Finally, DA Davidson assumed coverage on Graphic Packaging Holding in a research report on Monday, July 10th. They set a “buy” rating and a $17.50 target price for the company. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Graphic Packaging Holding presently has a consensus rating of “Buy” and an average price target of $15.73.

In other news, Director G Andrea Botta sold 10,982 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $13.45, for a total value of $147,707.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.02% of the stock is owned by corporate insiders.

Graphic Packaging Holding Company Profile

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.

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

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