Shares of Graphic Packaging Holding Co. (NYSE:GPK) gapped up prior to trading on Friday . The stock had previously closed at $13.20, but opened at $13.22. Graphic Packaging Holding shares last traded at $13.27, with a volume of 1,209,216 shares changing hands.

Several research firms have weighed in on GPK. Goldman Sachs Group Inc. reissued a “conviction-buy” rating on shares of Graphic Packaging Holding in a report on Saturday, May 14th. Zacks Investment Research cut Graphic Packaging Holding from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Robert W. Baird reissued a “buy” rating on shares of Graphic Packaging Holding in a report on Tuesday, May 24th. Deutsche Bank AG reissued a “buy” rating on shares of Graphic Packaging Holding in a report on Wednesday, May 18th. Finally, BMO Capital Markets reissued a “buy” rating on shares of Graphic Packaging Holding in a report on Wednesday, April 27th. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $15.64.

The company’s 50-day moving average is $12.93 and its 200-day moving average is $12.64. The firm has a market capitalization of $4.26 billion and a PE ratio of 18.67.

Graphic Packaging Holding (NYSE:GPK) last released its earnings results on Tuesday, April 26th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. During the same period last year, the business earned $0.17 earnings per share. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.05 billion. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities research analysts predict that Graphic Packaging Holding Co. will post $0.80 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 5th. Investors of record on Wednesday, June 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Monday, June 13th.

In related news, Chairman David W. Scheible sold 150,000 shares of Graphic Packaging Holding stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $13.24, for a total transaction of $1,986,000.00. Following the sale, the chairman now directly owns 922,678 shares of the company’s stock, valued at $12,216,256.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Alan R. Nichols sold 79,774 shares of Graphic Packaging Holding stock in a transaction dated Thursday, May 12th. The stock was sold at an average price of $13.40, for a total value of $1,068,971.60. Following the sale, the senior vice president now directly owns 229,749 shares in the company, valued at $3,078,636.60. The disclosure for this sale can be found here.

Other large investors have recently added to or reduced their stakes in the company. First Trust Advisors LP increased its stake in Graphic Packaging Holding by 58.4% in the fourth quarter. First Trust Advisors LP now owns 103,862 shares of the company’s stock worth $1,333,000 after buying an additional 38,279 shares during the period. MUFG Americas Holdings Corp increased its stake in Graphic Packaging Holding by 43,887.8% in the fourth quarter. MUFG Americas Holdings Corp now owns 104,691 shares of the company’s stock worth $1,343,000 after buying an additional 104,453 shares during the last quarter. Whittier Trust Co. increased its stake in Graphic Packaging Holding by 1.1% in the fourth quarter. Whittier Trust Co. now owns 114,211 shares of the company’s stock worth $1,465,000 after buying an additional 1,196 shares during the last quarter. Bank of Montreal Can increased its stake in Graphic Packaging Holding by 2.3% in the fourth quarter. Bank of Montreal Can now owns 117,623 shares of the company’s stock worth $1,508,000 after buying an additional 2,694 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Graphic Packaging Holding by 127.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 143,821 shares of the company’s stock worth $1,846,000 after buying an additional 80,703 shares during the last quarter.

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, Flexible Packaging, and Corporate and Other.

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