Graphic Packaging Holding (NYSE:GPK) Shares Bought by GAM Holding AG

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GAM Holding AG grew its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 60.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 64,297 shares of the industrial products company’s stock after buying an additional 24,348 shares during the period. GAM Holding AG’s holdings in Graphic Packaging were worth $812,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Partners raised its position in Graphic Packaging by 14.4% in the first quarter. Boston Partners now owns 30,353,133 shares of the industrial products company’s stock worth $383,360,000 after purchasing an additional 3,815,826 shares in the last quarter. Vanguard Group Inc raised its position in Graphic Packaging by 1.4% in the third quarter. Vanguard Group Inc now owns 27,079,119 shares of the industrial products company’s stock worth $379,378,000 after purchasing an additional 376,678 shares in the last quarter. FMR LLC raised its position in Graphic Packaging by 9.2% in the fourth quarter. FMR LLC now owns 22,209,385 shares of the industrial products company’s stock worth $236,308,000 after purchasing an additional 1,869,647 shares in the last quarter. American Century Companies Inc. raised its position in Graphic Packaging by 9.4% in the fourth quarter. American Century Companies Inc. now owns 17,769,554 shares of the industrial products company’s stock worth $189,068,000 after purchasing an additional 1,524,738 shares in the last quarter. Finally, Shapiro Capital Management LLC raised its position in Graphic Packaging by 111.8% in the fourth quarter. Shapiro Capital Management LLC now owns 15,308,944 shares of the industrial products company’s stock worth $162,887,000 after purchasing an additional 8,080,950 shares in the last quarter.

Several research firms recently issued reports on GPK. UBS Group increased their price target on shares of Graphic Packaging from $12.50 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. KeyCorp reissued a “hold” rating on shares of Graphic Packaging in a research report on Wednesday, April 24th. ValuEngine raised shares of Graphic Packaging from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. TheStreet raised shares of Graphic Packaging from a “c+” rating to a “b-” rating in a research report on Monday, April 22nd. Finally, Zacks Investment Research raised shares of Graphic Packaging from a “hold” rating to a “strong-buy” rating and set a $15.00 price target for the company in a research report on Wednesday, April 10th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $15.79.

NYSE GPK opened at $14.04 on Tuesday. The company has a market cap of $4.20 billion, a PE ratio of 17.33, a PEG ratio of 1.29 and a beta of 1.33. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.80 and a quick ratio of 0.75. Graphic Packaging Holding has a 1-year low of $10.04 and a 1-year high of $15.22.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.54 billion. Graphic Packaging had a net margin of 4.12% and a return on equity of 12.05%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $0.19 earnings per share. Equities analysts predict that Graphic Packaging Holding will post 0.85 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Saturday, June 15th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, June 13th. Graphic Packaging’s payout ratio is 37.04%.

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About Graphic Packaging

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, foodservice, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.

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

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