Traders Buy Shares of Graphic Packaging Holding Co. (GPK) on Weakness
Investors purchased shares of Graphic Packaging Holding Co. (NYSE:GPK) on weakness during trading hours on Tuesday. $8.07 million flowed into the stock on the tick-up and $4.02 million flowed out of the stock on the tick-down, for a money net flow of $4.05 million into the stock. Of all equities tracked, Graphic Packaging Holding had the 53rd highest net in-flow for the day. Graphic Packaging Holding traded down ($0.02) for the day and closed at $14.46
A number of research analysts recently issued reports on GPK shares. Zacks Investment Research cut shares of Graphic Packaging Holding from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Robert W. Baird restated a “buy” rating on shares of Graphic Packaging Holding in a research report on Sunday, May 8th. Goldman Sachs Group Inc. initiated coverage on shares of Graphic Packaging Holding in a research report on Thursday, May 12th. They issued a “buy” rating and a $17.00 target price on the stock. Deutsche Bank AG restated a “buy” rating on shares of Graphic Packaging Holding in a research report on Wednesday, May 18th. Finally, Citigroup Inc. raised their target price 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. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.50.
The firm has a market cap of $4.62 billion and a P/E ratio of 18.67. The company has a 50-day moving average price of $13.73 and a 200 day moving average price of $13.08.
Graphic Packaging Holding (NYSE:GPK) last posted its earnings results on Tuesday, July 26th. The company reported $0.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.19. During the same period last year, the company posted $0.19 EPS. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. The business’s revenue was up 4.4% on a year-over-year basis. Equities research analysts forecast 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. Investors of record on Thursday, September 15th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Tuesday, September 13th.
In other news, Director Harold R. Logan, Jr. sold 14,568 shares of the stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $13.99, for a total value of $203,806.32. Following the transaction, the director now owns 58,076 shares of the company’s stock, valued at approximately $812,483.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
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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