First Mercantile Trust Co. cut its position in Graphic Packaging Holding Company (NYSE:GPK) by 15.3% during the second quarter, Holdings Channel reports. The institutional investor owned 37,795 shares of the industrial products company’s stock after selling 6,840 shares during the period. First Mercantile Trust Co.’s holdings in Graphic Packaging Holding were worth $520,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Rubric Capital Management LP purchased a new stake in shares of Graphic Packaging Holding during the first quarter worth approximately $13,385,000. Whittier Trust Co. increased its stake in shares of Graphic Packaging Holding by 5.4% in the first quarter. Whittier Trust Co. now owns 122,047 shares of the industrial products company’s stock worth $1,571,000 after buying an additional 6,213 shares in the last quarter. Taylor Cottrill Erickson & Associates Inc. purchased a new stake in shares of Graphic Packaging Holding during the first quarter worth approximately $2,321,000. Russell Investments Group Ltd. increased its stake in shares of Graphic Packaging Holding by 83.9% in the first quarter. Russell Investments Group Ltd. now owns 15,926 shares of the industrial products company’s stock worth $205,000 after buying an additional 7,266 shares in the last quarter. Finally, Narwhal Capital Management increased its stake in shares of Graphic Packaging Holding by 84.5% in the first quarter. Narwhal Capital Management now owns 56,450 shares of the industrial products company’s stock worth $727,000 after buying an additional 25,850 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

Graphic Packaging Holding Company (NYSE:GPK) opened at 13.71 on Tuesday. The company has a market cap of $4.25 billion, a P/E ratio of 25.44 and a beta of 1.14. Graphic Packaging Holding Company has a 52-week low of $12.00 and a 52-week high of $14.70. The company’s 50 day moving average price is $13.55 and its 200 day moving average price is $13.33.

Graphic Packaging Holding (NYSE:GPK) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. Graphic Packaging Holding had a return on equity of 18.22% and a net margin of 3.98%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 earnings per share. Equities research analysts anticipate that Graphic Packaging Holding Company will post $0.68 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Thursday, September 14th. Graphic Packaging Holding’s dividend payout ratio is currently 54.55%.

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A number of analysts have commented on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $14.00 price objective on shares of Graphic Packaging Holding in a research report on Monday, May 8th. Zacks Investment Research downgraded Graphic Packaging Holding from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. BidaskClub downgraded Graphic Packaging Holding from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. DA Davidson assumed coverage on Graphic Packaging Holding in a research report on Monday, July 10th. They issued a “buy” rating and a $17.50 price objective for the company. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $15.50 price objective on shares of Graphic Packaging Holding in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. Graphic Packaging Holding presently has a consensus rating of “Buy” and a consensus price target of $15.73.

In related news, Director G Andrea Botta sold 10,982 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $13.45, for a total transaction of $147,707.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.02% of the company’s stock.

About Graphic Packaging Holding

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

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