Seven Eight Capital LP cut its holdings in shares of Graphic Packaging Holding Company (NYSE:GPK) by 6.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 217,832 shares of the industrial products company’s stock after selling 14,500 shares during the period. Seven Eight Capital LP owned 0.07% of Graphic Packaging Holding worth $3,002,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GPK. Russell Investments Group Ltd. increased its position in shares of Graphic Packaging Holding by 83.9% during the first quarter. Russell Investments Group Ltd. now owns 15,926 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 7,266 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Graphic Packaging Holding by 16.7% during the first quarter. Wells Fargo & Company MN now owns 1,195,638 shares of the industrial products company’s stock worth $15,388,000 after purchasing an additional 170,952 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Graphic Packaging Holding by 64.5% during the first quarter. Canada Pension Plan Investment Board now owns 346,500 shares of the industrial products company’s stock worth $4,459,000 after purchasing an additional 135,800 shares in the last quarter. LSV Asset Management increased its position in shares of Graphic Packaging Holding by 1,997.8% during the first quarter. LSV Asset Management now owns 417,459 shares of the industrial products company’s stock worth $5,372,000 after purchasing an additional 397,559 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Graphic Packaging Holding by 59.6% during the first quarter. First Trust Advisors LP now owns 921,484 shares of the industrial products company’s stock worth $11,859,000 after purchasing an additional 344,277 shares in the last quarter. 95.06% of the stock is currently owned by institutional investors and hedge funds.

Shares of Graphic Packaging Holding Company (GPK) traded down 0.797% during midday trading on Wednesday, hitting $13.065. 506,221 shares of the stock were exchanged. Graphic Packaging Holding Company has a 12 month low of $12.00 and a 12 month high of $14.19. The stock has a 50 day moving average price of $13.21 and a 200-day moving average price of $13.34. The company has a market cap of $4.05 billion, a PE ratio of 24.239 and a beta of 1.15.

Graphic Packaging Holding (NYSE:GPK) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.15 EPS for the quarter, hitting 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 analyst estimates of $1.09 billion. During the same period last year, the business earned $0.19 EPS. Graphic Packaging Holding’s revenue for the quarter was down .8% compared to the same quarter last year. On average, analysts predict that Graphic Packaging Holding Company will post $0.68 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors 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 annualized dividend and a yield of 2.28%. Graphic Packaging Holding’s dividend payout ratio is currently 54.55%.

GPK has been the topic of a number of recent analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $14.00 price target on shares of Graphic Packaging Holding in a research report on Wednesday, June 14th. BMO Capital Markets reaffirmed a “buy” rating and set a $15.50 price target on shares of Graphic Packaging Holding in a research report on Friday, June 23rd. BidaskClub raised Graphic Packaging Holding from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. DA Davidson initiated coverage on Graphic Packaging Holding in a research report on Monday, July 10th. They set a “buy” rating and a $17.50 price target on the stock. Finally, Zacks Investment Research downgraded Graphic Packaging Holding from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $15.60.

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Graphic Packaging Holding 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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