Pictet Asset Management Ltd. grew its holdings in Graphic Packaging Holding (NYSE:GPK) by 54.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,588,213 shares of the industrial products company’s stock after purchasing an additional 561,438 shares during the period. Pictet Asset Management Ltd. owned approximately 0.54% of Graphic Packaging worth $22,203,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rockefeller Capital Management L.P. raised its position in shares of Graphic Packaging by 64.1% in the second quarter. Rockefeller Capital Management L.P. now owns 4,287 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 1,675 shares during the period. Creative Planning bought a new stake in Graphic Packaging during the 1st quarter worth approximately $135,000. Leavell Investment Management Inc. bought a new stake in Graphic Packaging during the 2nd quarter worth approximately $140,000. Veritable L.P. increased its holdings in Graphic Packaging by 11.6% during the 2nd quarter. Veritable L.P. now owns 12,182 shares of the industrial products company’s stock worth $170,000 after acquiring an additional 1,267 shares during the period. Finally, Prescott Group Capital Management L.L.C. bought a new stake in Graphic Packaging during the 2nd quarter worth approximately $182,000.

GPK stock traded up $0.23 during midday trading on Friday, reaching $14.31. The company had a trading volume of 66,760 shares, compared to its average volume of 3,033,147. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.70 and a quick ratio of 0.70. Graphic Packaging Holding has a 1 year low of $10.04 and a 1 year high of $15.58. The company has a market capitalization of $4.06 billion, a P/E ratio of 17.70, a P/E/G ratio of 1.23 and a beta of 1.35. The firm has a 50-day moving average price of $13.90 and a 200-day moving average price of $13.44.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. Graphic Packaging had a net margin of 4.32% and a return on equity of 12.94%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the previous year, the company earned $0.18 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities analysts predict that Graphic Packaging Holding will post 0.86 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 5th. Shareholders of record on Sunday, September 15th will be paid a $0.075 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.30 dividend on an annualized basis and a yield of 2.10%. Graphic Packaging’s dividend payout ratio is presently 37.04%.

A number of research firms recently weighed in on GPK. Citigroup upped their target price on shares of Graphic Packaging from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Zacks Investment Research lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Graphic Packaging currently has an average rating of “Hold” and an average price target of $16.00.

About Graphic Packaging

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, foodservice, 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), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.

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

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