Alyeska Investment Group L.P. Has $34.89 Million Holdings in Graphic Packaging Holding Company (GPK)
Alyeska Investment Group L.P. raised its stake in Graphic Packaging Holding Company (NYSE:GPK) by 15.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,501,046 shares of the industrial products company’s stock after acquiring an additional 325,946 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.81% of Graphic Packaging worth $34,890,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in Graphic Packaging by 10.1% in the second quarter. Bank of New York Mellon Corp now owns 2,246,774 shares of the industrial products company’s stock valued at $30,961,000 after acquiring an additional 205,991 shares during the period. American Century Companies Inc. raised its stake in shares of Graphic Packaging by 16.2% during the 2nd quarter. American Century Companies Inc. now owns 4,634,520 shares of the industrial products company’s stock worth $63,864,000 after buying an additional 644,863 shares during the period. Sei Investments Co. raised its stake in shares of Graphic Packaging by 24.7% during the 3rd quarter. Sei Investments Co. now owns 880,593 shares of the industrial products company’s stock worth $12,284,000 after buying an additional 174,462 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Graphic Packaging by 292.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,816,525 shares of the industrial products company’s stock worth $38,816,000 after buying an additional 2,099,223 shares during the period. Finally, Shell Asset Management Co. raised its stake in shares of Graphic Packaging by 34.3% during the 3rd quarter. Shell Asset Management Co. now owns 269,408 shares of the industrial products company’s stock worth $3,349,000 after buying an additional 68,843 shares during the period. 96.90% of the stock is owned by institutional investors.
Shares of Graphic Packaging Holding Company (NYSE:GPK) opened at $15.40 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.74 and a current ratio of 1.50. Graphic Packaging Holding Company has a 12-month low of $12.00 and a 12-month high of $15.85. The company has a market capitalization of $4,769.60, a P/E ratio of 25.25, a P/E/G ratio of 4.71 and a beta of 1.19.
Graphic Packaging (NYSE:GPK) last issued its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.18 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Graphic Packaging had a return on equity of 17.27% and a net margin of 3.70%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the business earned $0.20 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. analysts predict that Graphic Packaging Holding Company will post 0.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Thursday, December 14th. Graphic Packaging’s payout ratio is 57.69%.
Several research analysts have recently weighed in on GPK shares. Zacks Investment Research raised Graphic Packaging from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. KeyCorp reaffirmed a “hold” rating on shares of Graphic Packaging in a research note on Sunday, October 29th. BMO Capital Markets reaffirmed a “buy” rating and set a $15.50 target price on shares of Graphic Packaging in a research note on Friday, September 1st. Stephens initiated coverage on Graphic Packaging in a research note on Tuesday, October 24th. They set an “overweight” rating and a $17.00 target price for the company. Finally, Robert W. Baird boosted their price target on Graphic Packaging from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $16.26.
In other Graphic Packaging news, VP Deborah R. Frank sold 38,266 shares of the company’s stock in a transaction on 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 sale, the vice president now directly 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 can be accessed through this link. 1.02% of the stock is currently owned by insiders.
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About Graphic Packaging
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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