New York State Common Retirement Fund lessened its position in Graphic Packaging Holding Company (NYSE:GPK) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,078,025 shares of the industrial products company’s stock after selling 64,402 shares during the period. New York State Common Retirement Fund owned 0.35% of Graphic Packaging Holding worth $14,855,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GPK. Private Advisor Group LLC bought a new position in Graphic Packaging Holding in the first quarter valued at about $104,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Graphic Packaging Holding by 0.8% during 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 purchasing an additional 61 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Graphic Packaging Holding by 124.0% during the first quarter. Fifth Third Bancorp now owns 10,082 shares of the industrial products company’s stock valued at $130,000 after purchasing an additional 5,582 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Graphic Packaging Holding during the first quarter valued at about $140,000. Finally, Eagle Boston Investment Management Inc. boosted its stake in shares of Graphic Packaging Holding by 1.5% during the second quarter. Eagle Boston Investment Management Inc. now owns 10,773 shares of the industrial products company’s stock valued at $148,000 after purchasing an additional 163 shares in the last quarter. 95.00% of the stock is owned by institutional investors and hedge funds.

GPK has been the topic of several research reports. BMO Capital Markets restated a “buy” rating and set a $15.50 price target on shares of Graphic Packaging Holding in a report on Friday, September 1st. Zacks Investment Research lowered shares of Graphic Packaging Holding from a “hold” rating to a “sell” rating in a report on Friday, July 14th. DA Davidson reiterated a “buy” rating and set a $16.50 target price (down from $17.50) on shares of Graphic Packaging Holding in a research report on Monday, August 21st. BidaskClub upgraded shares of Graphic Packaging Holding from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $14.00 target price on shares of Graphic Packaging Holding in a research report on Wednesday, June 14th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $15.54.

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Shares of Graphic Packaging Holding Company (GPK) opened at 14.22 on Wednesday. Graphic Packaging Holding Company has a 52 week low of $12.00 and a 52 week high of $14.26. The stock has a 50 day moving average price of $13.33 and a 200 day moving average price of $13.38. The firm has a market cap of $4.41 billion, a PE ratio of 26.38 and a beta of 1.16.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Thursday, September 14th. Graphic Packaging Holding’s dividend payout ratio (DPR) is presently 54.55%.

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.

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

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