New York State Common Retirement Fund lowered its position in shares of Graphic Packaging Holding (NYSE:GPK) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,055,773 shares of the industrial products company’s stock after selling 22,252 shares during the quarter. New York State Common Retirement Fund owned about 0.34% of Graphic Packaging worth $14,728,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in Graphic Packaging by 1.6% during 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. raised its position in shares of Graphic Packaging by 0.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 8,100 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 61 shares during the last quarter. Eagle Boston Investment Management Inc. raised its position in shares of Graphic Packaging by 1.5% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 10,773 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 163 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Graphic Packaging by 10.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,818 shares of the industrial products company’s stock worth $163,000 after purchasing an additional 1,123 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Graphic Packaging by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,512 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 774 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

In related news, VP Deborah R. Frank sold 38,266 shares of Graphic Packaging stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.02% of the stock is currently owned by company insiders.

Several research firms have recently issued reports on GPK. Zacks Investment Research raised Graphic Packaging from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. KeyCorp reaffirmed a “hold” rating on shares of Graphic Packaging in a research report on Wednesday, October 4th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $15.00 price target on shares of Graphic Packaging in a research report on Tuesday, October 10th. Robert W. Baird lifted 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. Finally, DA Davidson reaffirmed a “buy” rating and issued a $16.50 price target (down previously from $17.50) on shares of Graphic Packaging in a research report on Monday, August 21st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $16.26.

Shares of Graphic Packaging Holding (NYSE GPK) opened at $15.32 on Friday. Graphic Packaging Holding has a twelve month low of $12.00 and a twelve month high of $15.85. The company has a market capitalization of $4,747.92, a PE ratio of 25.13, a P/E/G ratio of 4.69 and a beta of 1.19. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.50 and a quick ratio of 0.74.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. Graphic Packaging had a return on equity of 17.27% and a net margin of 3.70%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the company earned $0.20 EPS. Graphic Packaging’s revenue for the quarter was up 3.1% on a year-over-year basis. analysts predict that Graphic Packaging Holding will post 0.65 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.30 annualized dividend and a yield of 1.96%. Graphic Packaging’s payout ratio is 57.69%.

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

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