Graphic Packaging Holding Co. (GPK) Sets New 1-Year High at $14.55
Graphic Packaging Holding Co. (NYSE:GPK) reached a new 52-week high during trading on Tuesday . The stock traded as high as $14.55 and last traded at $14.46, with a volume of 2,340,510 shares changing hands. The stock had previously closed at $14.25.
Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Graphic Packaging Holding from a “sell” rating to a “hold” rating in a report on Monday, August 15th. 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 report on Wednesday, July 27th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $16.50 price objective on shares of Graphic Packaging Holding in a report on Wednesday, June 1st. Robert W. Baird reiterated a “buy” rating on shares of Graphic Packaging Holding in a research report on Tuesday, May 24th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Graphic Packaging Holding in a research report on Wednesday, May 18th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $15.50.
The firm has a 50-day moving average of $13.53 and a 200-day moving average of $12.99. The company has a market cap of $4.59 billion and a P/E ratio of 18.55.
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, hitting the Thomson Reuters’ consensus estimate of $0.19. During the same quarter in the prior year, the company posted $0.19 earnings per share. The firm earned $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Graphic Packaging Holding’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities analysts anticipate that Graphic Packaging Holding Co. will post $0.79 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Thursday, September 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Tuesday, September 13th.
In other Graphic Packaging Holding news, Director Harold R. Logan, Jr. sold 14,568 shares of the company’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $13.99, for a total value of $203,806.32. Following the completion of the sale, the director now directly owns 58,076 shares in the company, valued at approximately $812,483.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Other large investors have recently modified their holdings of the company. RS Investment Management Co. LLC boosted its stake 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 valued at $31,569,000 after buying an additional 217,030 shares in the last quarter. Morgan Stanley boosted its stake 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. US Bancorp DE boosted its stake 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 boosted its stake 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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