HighTower Advisors LLC Invests $4.06 Million in Graphic Packaging Holding Company (GPK)
HighTower Advisors LLC purchased a new position in Graphic Packaging Holding Company (NYSE:GPK) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 294,638 shares of the industrial products company’s stock, valued at approximately $4,063,000. HighTower Advisors LLC owned about 0.10% of Graphic Packaging Holding as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Private Advisor Group LLC acquired a new stake in shares of Graphic Packaging Holding during the first quarter worth $104,000. Van ECK Associates Corp lifted its stake in Graphic Packaging Holding by 1.6% in the second quarter. Van ECK Associates Corp now owns 7,630 shares of the industrial products company’s stock valued at $105,000 after buying an additional 117 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in Graphic Packaging Holding by 0.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 8,100 shares of the industrial products company’s stock valued at $112,000 after buying an additional 61 shares during the period. Fifth Third Bancorp lifted its stake in Graphic Packaging Holding by 124.0% in the first quarter. Fifth Third Bancorp now owns 10,082 shares of the industrial products company’s stock valued at $130,000 after buying an additional 5,582 shares during the period. Finally, Two Sigma Securities LLC acquired a new position in Graphic Packaging Holding in the first quarter valued at about $140,000. Institutional investors and hedge funds own 95.00% of the company’s stock.
Graphic Packaging Holding Company (NYSE GPK) opened at 14.21 on Wednesday. Graphic Packaging Holding Company has a 1-year low of $12.00 and a 1-year high of $14.26. The firm has a market capitalization of $4.40 billion, a PE ratio of 26.36 and a beta of 1.16. The firm has a 50-day moving average price of $13.33 and a 200-day moving average price of $13.38.
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 for the quarter, hitting the Zacks’ consensus estimate of $0.15. Graphic Packaging Holding had a return on equity of 18.22% and a net margin of 3.98%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business posted $0.19 EPS. The business’s revenue was down .8% compared to the same quarter last year. Equities analysts expect that Graphic Packaging Holding Company will post $0.68 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 15th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, September 14th. Graphic Packaging Holding’s dividend payout ratio is 54.55%.
GPK has been the topic of a number of recent analyst reports. BidaskClub cut Graphic Packaging Holding from a “hold” rating to a “sell” rating in a report on Monday, July 31st. BMO Capital Markets reaffirmed a “buy” rating and issued a $15.50 price target on shares of Graphic Packaging Holding in a research note on Friday, September 1st. Zacks Investment Research raised Graphic Packaging Holding from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. DA Davidson reiterated a “buy” rating and issued a $16.50 price target (down from $17.50) on shares of Graphic Packaging Holding in a research report on Monday, August 21st. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $14.00 price target on shares of Graphic Packaging Holding in a research report on Wednesday, June 14th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Graphic Packaging Holding has an average rating of “Buy” and a consensus target price of $15.54.
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Graphic Packaging Holding Company Profile
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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