Graphic Packaging Holding Company (GPK) Position Trimmed by JPMorgan Chase & Co.
JPMorgan Chase & Co. lowered its stake in Graphic Packaging Holding Company (NYSE:GPK) by 10.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,025,062 shares of the industrial products company’s stock after selling 969,556 shares during the period. JPMorgan Chase & Co. owned 2.59% of Graphic Packaging worth $111,228,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Boston Partners boosted its holdings in shares of Graphic Packaging by 2.5% during the 3rd quarter. Boston Partners now owns 23,242,239 shares of the industrial products company’s stock valued at $324,229,000 after buying an additional 575,011 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Graphic Packaging by 241.9% during the 3rd quarter. American Century Companies Inc. now owns 15,844,681 shares of the industrial products company’s stock valued at $221,033,000 after buying an additional 11,210,161 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of Graphic Packaging during the 2nd quarter valued at $116,776,000. Canyon Capital Advisors LLC bought a new stake in shares of Graphic Packaging during the 2nd quarter valued at $100,045,000. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Graphic Packaging by 1.0% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 6,197,050 shares of the industrial products company’s stock valued at $86,449,000 after buying an additional 60,750 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.
In other Graphic Packaging news, VP Deborah R. Frank sold 38,266 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $15.51, for a total value of $593,505.66. Following the completion of the transaction, the vice president now owns 77,139 shares of the company’s stock, valued at approximately $1,196,425.89. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.02% of the stock is currently owned by insiders.
Graphic Packaging (NYSE:GPK) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.18. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Graphic Packaging had a net margin of 3.70% and a return on equity of 17.27%. Graphic Packaging’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 EPS. research analysts anticipate that Graphic Packaging Holding Company will post 0.65 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 15th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Thursday, December 14th. Graphic Packaging’s dividend payout ratio (DPR) is 57.69%.
A number of analysts have recently commented on GPK shares. Stephens started coverage on shares of Graphic Packaging in a report on Tuesday, October 24th. They set an “overweight” rating and a $17.00 target price on the stock. BMO Capital Markets restated a “buy” rating and set a $15.50 target price on shares of Graphic Packaging in a report on Friday, September 1st. KeyCorp reiterated a “hold” rating on shares of Graphic Packaging in a research note on Wednesday, October 4th. Zacks Investment Research upgraded shares of Graphic Packaging from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Thursday, October 12th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $15.00 price target on shares of Graphic Packaging in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.26.
Graphic Packaging 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.
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