Graphic #Packaging #Holding Company (GPK) Shares #Bought by #Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its stake in Graphic Packaging Holding Company (NYSE:GPK) by 7.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,035,861 shares of the industrial products company’s stock after acquiring an additional 219,336 shares during the period. Ameriprise Financial Inc. owned about 0.98% of Graphic Packaging worth $42,353,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Van ECK Associates Corp increased its stake in Graphic Packaging by 1.6% during the 2nd quarter. Van ECK Associates Corp now owns 7,630 shares of the industrial products company’s stock worth $105,000 after buying an additional 117 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in Graphic Packaging by 0.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 8,100 shares of the industrial products company’s stock worth $112,000 after buying an additional 61 shares during the period. Eagle Boston Investment Management Inc. increased its stake in Graphic Packaging by 1.5% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 10,773 shares of the industrial products company’s stock worth $148,000 after buying an additional 163 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Graphic Packaging by 10.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,818 shares of the industrial products company’s stock worth $163,000 after buying an additional 1,123 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Graphic Packaging by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,512 shares of the industrial products company’s stock worth $172,000 after buying an additional 774 shares during the period. 96.91% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Deborah R. Frank sold 38,266 shares of the company’s stock in a transaction on Friday, October 27th. The shares were 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 in the company, valued at approximately $1,196,425.89. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.02% of the company’s stock.

Graphic Packaging Holding Company (NYSE GPK) traded down $0.05 during midday trading on Friday, reaching $15.26. 2,770,000 shares of the company’s stock traded hands, compared to its average volume of 3,890,000. The company has a quick ratio of 0.74, a current ratio of 1.50 and a debt-to-equity ratio of 1.96. Graphic Packaging Holding Company has a 12 month low of $12.00 and a 12 month high of $15.85. The firm has a market cap of $4,730.00, a PE ratio of 25.10, a PEG ratio of 4.69 and a beta of 1.20.
Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. Graphic Packaging had a net margin of 3.70% and a return on equity of 17.27%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the business posted $0.20 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. sell-side analysts predict that Graphic Packaging Holding Company will post 0.65 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 15th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, December 14th. Graphic Packaging’s payout ratio is 58.82%.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Graphic Packaging from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. KeyCorp reiterated a “hold” rating on shares of Graphic Packaging in a report on Sunday, October 29th. BMO Capital Markets boosted their price target on shares of Graphic Packaging from $15.50 to $17.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Robert W. Baird boosted their price target on shares of Graphic Packaging from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Finally, Stephens initiated coverage on shares of Graphic Packaging in a report on Tuesday, October 24th. They set an “overweight” rating and a $17.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $16.26.

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