Shares of Graphic Packaging Holding Co. (NYSE:GPK) saw unusually-high trading volume on Thursday . Approximately 2,797,996 shares were traded during trading, an increase of 1% from the previous session’s volume of 2,765,364 shares.The stock last traded at $13.97 and had previously closed at $13.90.

GPK has been the subject of several recent research reports. BMO Capital Markets reiterated a “buy” rating on shares of Graphic Packaging Holding in a research report on Wednesday, April 27th. Goldman Sachs Group Inc. restated a “buy” rating and issued a $16.50 price objective on shares of Graphic Packaging Holding in a research report on Wednesday, June 1st. Deutsche Bank AG restated a “buy” rating on shares of Graphic Packaging Holding in a research report on Wednesday, May 18th. Citigroup Inc. upped their price objective on shares of Graphic Packaging Holding from $15.50 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th. Finally, Zacks Investment Research upgraded shares of Graphic Packaging Holding from a “sell” rating to a “hold” rating in a research report on Monday, August 15th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $15.50.

The firm has a 50-day moving average price of $13.39 and a 200 day moving average price of $12.91. The company has a market capitalization of $4.51 billion and a PE ratio of 18.23.

Graphic Packaging Holding (NYSE:GPK) last issued its earnings results on Tuesday, July 26th. The company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The company earned $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 EPS. On average, equities research analysts predict that Graphic Packaging Holding Co. will post $0.79 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.42%.

In other news, Director Harold R. Logan, Jr. sold 14,568 shares of Graphic Packaging Holding stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $13.99, for a total transaction of $203,806.32. Following the transaction, the director now owns 58,076 shares in the company, valued at $812,483.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Other institutional investors have modified their holdings of the company. RS Investment Management Co. LLC raised its position in shares of Graphic Packaging Holding by 9.7% in the fourth quarter. RS Investment Management Co. LLC now owns 2,460,570 shares of the company’s stock worth $31,569,000 after buying an additional 217,030 shares during the period. Morgan Stanley raised its position in shares of Graphic Packaging Holding by 4.8% in the fourth quarter. Morgan Stanley now owns 1,802,288 shares of the company’s stock worth $23,123,000 after buying an additional 83,125 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Graphic Packaging Holding by 1.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,450,636 shares of the company’s stock worth $18,612,000 after buying an additional 21,377 shares during the period. US Bancorp DE raised its position in shares of Graphic Packaging Holding by 92.5% in the fourth quarter. US Bancorp DE now owns 144,120 shares of the company’s stock worth $1,848,000 after buying an additional 69,236 shares during the period. Finally, Bank of Montreal Can raised its position in shares of 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 period.

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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