Teachers Retirement System of The State of Kentucky reduced its stake in shares of Graphic Packaging Holding Company (NYSE:GPK) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,543 shares of the industrial products company’s stock after selling 3,667 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Graphic Packaging Holding were worth $1,385,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp grew its position in shares of Graphic Packaging Holding by 1.6% during the 2nd quarter. Van ECK Associates Corp now owns 7,630 shares of the industrial products company’s stock worth $105,000 after buying an additional 117 shares during the period. Bronfman E.L. Rothschild L.P. grew its position in shares of Graphic Packaging Holding by 0.8% during 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 buying an additional 61 shares during the period. Fifth Third Bancorp grew its position in shares of Graphic Packaging Holding by 124.0% during the 1st quarter. Fifth Third Bancorp now owns 10,082 shares of the industrial products company’s stock worth $130,000 after buying an additional 5,582 shares during the period. Two Sigma Securities LLC acquired a new position in shares of Graphic Packaging Holding during the 1st quarter worth about $140,000. Finally, Eagle Boston Investment Management Inc. grew its position in shares of Graphic Packaging Holding by 1.5% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 10,773 shares of the industrial products company’s stock worth $148,000 after buying an additional 163 shares during the period. Institutional investors own 95.00% of the company’s stock.

Graphic Packaging Holding Company (NYSE GPK) opened at 14.16 on Friday. Graphic Packaging Holding Company has a 12-month low of $12.00 and a 12-month high of $14.35. The stock’s 50 day moving average price is $13.37 and its 200 day moving average price is $13.40. The company has a market cap of $4.39 billion, a PE ratio of 26.27 and a beta of 1.16.

Graphic Packaging Holding (NYSE:GPK) last released its earnings results on Tuesday, July 25th. The industrial products company reported $0.15 EPS for the quarter, hitting the 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 analysts’ expectations of $1.09 billion. During the same quarter last year, the firm posted $0.19 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. Equities research analysts anticipate that Graphic Packaging Holding Company will post $0.68 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Friday, September 15th were paid a dividend of $0.075 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.30 annualized dividend and a yield of 2.12%. Graphic Packaging Holding’s dividend payout ratio is currently 54.55%.

GPK has been the subject of several analyst reports. BMO Capital Markets restated a “buy” rating and set a $15.50 target price on shares of Graphic Packaging Holding in a research report on Friday, September 1st. Zacks Investment Research lowered Graphic Packaging Holding from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. DA Davidson restated 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 Graphic Packaging Holding from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Finally, Jefferies Group LLC restated 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 equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Graphic Packaging Holding presently has a consensus rating of “Buy” and an average target price of $15.54.

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Graphic Packaging Holding 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 Holding (NYSE:GPK)

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