First Citizens Bank & Trust Co. cut its position in Graphic Packaging Holding Company (NYSE:GPK) by 25.3% during the third quarter, Holdings Channel reports. The firm owned 32,740 shares of the company’s stock after selling 11,104 shares during the period. First Citizens Bank & Trust Co.’s holdings in Graphic Packaging Holding Company were worth $458,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GPK. FMR LLC raised its stake in shares of Graphic Packaging Holding Company by 40.2% in the second quarter. FMR LLC now owns 34,116,601 shares of the company’s stock worth $427,822,000 after buying an additional 9,776,631 shares during the period. Vanguard Group Inc. raised its stake in shares of Graphic Packaging Holding Company by 0.7% in the second quarter. Vanguard Group Inc. now owns 23,898,703 shares of the company’s stock worth $299,689,000 after buying an additional 166,999 shares during the period. Alliancebernstein L.P. raised its stake in shares of Graphic Packaging Holding Company by 8.5% in the second quarter. Alliancebernstein L.P. now owns 7,460,211 shares of the company’s stock worth $93,551,000 after buying an additional 587,232 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of Graphic Packaging Holding Company by 8.0% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 6,297,900 shares of the company’s stock worth $88,108,000 after buying an additional 465,075 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Graphic Packaging Holding Company by 3.6% in the second quarter. American Century Companies Inc. now owns 3,251,487 shares of the company’s stock worth $40,774,000 after buying an additional 112,851 shares during the period. Institutional investors and hedge funds own 95.98% of the company’s stock.

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

Shares of Graphic Packaging Holding Company (NYSE:GPK) traded down 1.00% during trading on Friday, hitting $12.82. 3,463,928 shares of the stock traded hands. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 16.58 and a beta of 1.28. Graphic Packaging Holding Company has a 52 week low of $10.71 and a 52 week high of $14.70. The firm’s 50-day moving average price is $12.76 and its 200-day moving average price is $13.29.

Graphic Packaging Holding Company (NYSE:GPK) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.01. Graphic Packaging Holding Company had a net margin of 5.87% and a return on equity of 22.90%. The business earned $1.10 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the company posted $0.20 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts anticipate that Graphic Packaging Holding Company will post $0.74 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 5th. Stockholders of record on Thursday, December 15th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.34%. This is a boost from Graphic Packaging Holding Company’s previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, December 13th. Graphic Packaging Holding Company’s dividend payout ratio is currently 38.96%.

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A number of analysts recently issued reports on GPK shares. Zacks Investment Research lowered shares of Graphic Packaging Holding Company from a “hold” rating to a “sell” rating in a research note on Wednesday, October 5th. Jefferies Group reiterated a “buy” rating and set a $15.00 target price (down previously from $16.00) on shares of Graphic Packaging Holding Company in a research note on Friday, October 28th. Bank of America Corporation lowered shares of Graphic Packaging Holding Company from a “buy” rating to a “neutral” rating in a research note on Monday, October 3rd. RBC Capital Markets started coverage on shares of Graphic Packaging Holding Company in a research note on Thursday, September 29th. They set an “outperform” rating and a $17.00 target price for the company. Finally, Robert W. Baird reiterated an “outperform” rating and set a $16.00 target price on shares of Graphic Packaging Holding Company in a research note on Monday, September 19th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $15.89.

About Graphic Packaging Holding Company

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, Flexible Packaging, and Corporate and Other.

5 Day Chart for NYSE:GPK

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