Marshall Wace LLP purchased a new stake in Graphic Packaging Holding (NYSE:GPK) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 31,979 shares of the industrial products company’s stock, valued at approximately $464,000.

Several other institutional investors and hedge funds also recently bought and sold shares of GPK. Citadel Advisors LLC boosted its position in Graphic Packaging by 290.3% during the 1st quarter. Citadel Advisors LLC now owns 8,112,097 shares of the industrial products company’s stock worth $124,521,000 after buying an additional 6,033,865 shares during the period. Barclays PLC boosted its position in Graphic Packaging by 7,477.0% during the 1st quarter. Barclays PLC now owns 3,670,698 shares of the industrial products company’s stock worth $56,346,000 after buying an additional 3,622,253 shares during the period. Millennium Management LLC boosted its position in Graphic Packaging by 957.2% during the 1st quarter. Millennium Management LLC now owns 3,998,473 shares of the industrial products company’s stock worth $61,377,000 after buying an additional 3,620,250 shares during the period. Janus Henderson Group PLC boosted its position in Graphic Packaging by 41.0% during the 2nd quarter. Janus Henderson Group PLC now owns 9,849,122 shares of the industrial products company’s stock worth $142,911,000 after buying an additional 2,861,617 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in Graphic Packaging by 86.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 5,580,820 shares of the industrial products company’s stock worth $80,978,000 after buying an additional 2,584,230 shares during the period. Institutional investors own 99.12% of the company’s stock.

Graphic Packaging stock opened at $14.69 on Monday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.77 and a quick ratio of 0.81. Graphic Packaging Holding has a 52-week low of $13.27 and a 52-week high of $16.74. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 1.16 and a beta of 1.08.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings results on Tuesday, July 24th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). Graphic Packaging had a return on equity of 13.05% and a net margin of 5.74%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the business posted $0.15 EPS. The firm’s revenue for the quarter was up 37.8% compared to the same quarter last year. analysts forecast that Graphic Packaging Holding will post 0.85 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 5th. Shareholders of record on Saturday, September 15th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.30 annualized dividend and a yield of 2.04%. Graphic Packaging’s payout ratio is 47.62%.

Several equities research analysts recently commented on GPK shares. Bank of America lifted their target price on shares of Graphic Packaging from $16.80 to $17.00 and gave the stock a “buy” rating in a research report on Monday, July 16th. Citigroup cut their target price on shares of Graphic Packaging from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, July 25th. Finally, Zacks Investment Research upgraded shares of Graphic Packaging from a “sell” rating to a “hold” rating in a research report on Tuesday, July 17th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $17.94.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, 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) and coated recycled paperboard (CRB) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons primarily to consumer packaged goods companies.

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

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