Schwab Charles Investment Management Inc. Acquires 94,301 Shares of Graphic Packaging Holding (GPK)
Schwab Charles Investment Management Inc. grew its holdings in Graphic Packaging Holding (NYSE:GPK) by 6.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,524,984 shares of the industrial products company’s stock after purchasing an additional 94,301 shares during the period. Schwab Charles Investment Management Inc. owned about 0.49% of Graphic Packaging worth $21,274,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN grew its stake in shares of Graphic Packaging by 2.3% in the third quarter. Wells Fargo & Company MN now owns 1,033,938 shares of the industrial products company’s stock valued at $14,424,000 after buying an additional 23,533 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of Graphic Packaging by 347.1% in the third quarter. Citadel Advisors LLC now owns 928,592 shares of the industrial products company’s stock valued at $12,953,000 after buying an additional 720,901 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Graphic Packaging by 4,802.3% in the third quarter. Schroder Investment Management Group now owns 3,641,767 shares of the industrial products company’s stock valued at $50,475,000 after buying an additional 3,567,480 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Graphic Packaging in the third quarter valued at $392,000. Finally, Legal & General Group Plc grew its stake in shares of Graphic Packaging by 11.1% in the third quarter. Legal & General Group Plc now owns 255,803 shares of the industrial products company’s stock valued at $3,568,000 after buying an additional 25,499 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.
Several equities analysts recently weighed in on the stock. KeyCorp reissued a “hold” rating on shares of Graphic Packaging in a research note on Sunday, October 29th. Zacks Investment Research cut shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. BMO Capital Markets raised their target price on shares of Graphic Packaging from $15.50 to $17.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Robert W. Baird lifted their price objective on shares of Graphic Packaging from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Finally, Stephens started coverage on shares of Graphic Packaging in a research report on Tuesday, October 24th. They set an “overweight” rating and a $17.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Graphic Packaging presently has a consensus rating of “Buy” and a consensus price target of $16.26.
Graphic Packaging Holding (NYSE:GPK) opened at $15.32 on Monday. The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 1.96. Graphic Packaging Holding has a 52-week low of $12.00 and a 52-week high of $15.85. The company has a market cap of $4,747.92, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 4.69 and a beta of 1.19.
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 Zacks’ consensus estimate of $0.18. Graphic Packaging had a net margin of 3.70% and a return on equity of 17.27%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the business posted $0.20 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. equities analysts predict that Graphic Packaging Holding will post 0.65 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 15th will be given a dividend of $0.075 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.30 dividend on an annualized basis and a yield of 1.96%. Graphic Packaging’s dividend payout ratio (DPR) is 57.69%.
Graphic Packaging 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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