Rhumbline Advisers Has $4.91 Million Position in Graphic Packaging Holding (GPK)
Rhumbline Advisers decreased its position in shares of Graphic Packaging Holding (NYSE:GPK) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 317,835 shares of the industrial products company’s stock after selling 6,968 shares during the period. Rhumbline Advisers’ holdings in Graphic Packaging were worth $4,911,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in Graphic Packaging by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 12,512 shares of the industrial products company’s stock valued at $172,000 after buying an additional 774 shares in the last quarter. Nationwide Fund Advisors boosted its position in Graphic Packaging by 56.8% in the third quarter. Nationwide Fund Advisors now owns 716,276 shares of the industrial products company’s stock valued at $9,992,000 after buying an additional 259,444 shares in the last quarter. Sei Investments Co. boosted its position in Graphic Packaging by 24.7% in the third quarter. Sei Investments Co. now owns 880,593 shares of the industrial products company’s stock valued at $12,284,000 after buying an additional 174,462 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Graphic Packaging by 14.7% in the third quarter. Russell Investments Group Ltd. now owns 36,767 shares of the industrial products company’s stock valued at $513,000 after buying an additional 4,722 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in Graphic Packaging by 45.5% in the third quarter. SG Americas Securities LLC now owns 20,927 shares of the industrial products company’s stock valued at $292,000 after buying an additional 6,545 shares in the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.
A number of brokerages have weighed in on GPK. BMO Capital Markets cut their target price on shares of Graphic Packaging from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Royal Bank of Canada restated a “buy” rating and issued a $19.00 target price on shares of Graphic Packaging in a research report on Thursday, February 1st. Finally, Zacks Investment Research upgraded shares of Graphic Packaging from a “sell” rating to a “hold” rating and set a $18.00 target price on the stock in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $17.21.
Graphic Packaging (NYSE:GPK) last issued its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Graphic Packaging had a return on equity of 17.09% and a net margin of 6.82%. Graphic Packaging’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 EPS. equities research analysts expect that Graphic Packaging Holding will post 0.92 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.075 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.92%. Graphic Packaging’s dividend payout ratio (DPR) is presently 30.93%.
In other news, SVP Alan R. Nichols sold 150,000 shares of Graphic Packaging stock in a transaction on Monday, February 26th. The shares were sold at an average price of $15.50, for a total transaction of $2,325,000.00. Following the transaction, the senior vice president now owns 123,885 shares in the company, valued at $1,920,217.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Joseph P. Yost sold 50,000 shares of Graphic Packaging stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $15.00, for a total transaction of $750,000.00. Following the transaction, the senior vice president now owns 306,926 shares in the company, valued at approximately $4,603,890. The disclosure for this sale can be found here. In the last quarter, insiders have sold 215,137 shares of company stock worth $3,311,137. 1.02% of the stock is owned by company insiders.
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Graphic Packaging 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.
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