California Public Employees Retirement System raised its position in shares of Graphic Packaging Holding Company (NYSE:GPK) by 71.4% during the third quarter, Holdings Channel reports. The institutional investor owned 787,400 shares of the company’s stock after buying an additional 328,000 shares during the period. California Public Employees Retirement System’s holdings in Graphic Packaging Holding Company were worth $11,016,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GPK. RS Investment Management Co. LLC raised its stake in shares of Graphic Packaging Holding Company by 3.4% in the second quarter. RS Investment Management Co. LLC now owns 3,117,381 shares of the company’s stock worth $39,092,000 after buying an additional 101,187 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Graphic Packaging Holding Company by 0.6% in the second quarter. Macquarie Group Ltd. now owns 511,606 shares of the company’s stock worth $6,416,000 after buying an additional 3,106 shares during the last quarter. Monarch Partners Asset Management LLC raised its stake in shares of Graphic Packaging Holding Company by 6.8% in the second quarter. Monarch Partners Asset Management LLC now owns 1,083,701 shares of the company’s stock worth $13,590,000 after buying an additional 68,630 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Graphic Packaging Holding Company by 0.7% in the second quarter. Vanguard Group Inc. now owns 23,898,703 shares of the company’s stock worth $299,689,000 after buying an additional 166,999 shares during the last quarter. Finally, Calamos Advisors LLC purchased a new stake in shares of Graphic Packaging Holding Company during the second quarter worth about $176,000. 95.98% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Graphic Packaging Holding Company (NYSE:GPK)

Graphic Packaging Holding Company (NYSE:GPK) opened at 12.95 on Friday. The firm has a market capitalization of $4.11 billion, a P/E ratio of 16.75 and a beta of 1.28. The stock’s 50 day moving average price is $12.76 and its 200-day moving average price is $13.29. Graphic Packaging Holding Company has a 12 month low of $10.71 and a 12 month high of $14.70.

Graphic Packaging Holding Company (NYSE:GPK) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.01. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.14 billion. Graphic Packaging Holding Company had a net margin of 5.87% and a return on equity of 22.90%. Graphic Packaging Holding Company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 earnings per share. Equities analysts forecast that Graphic Packaging Holding Company will post $0.74 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 5th. Investors of record on Thursday, December 15th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.32%. This is a positive change from Graphic Packaging Holding Company’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, December 13th. Graphic Packaging Holding Company’s dividend payout ratio (DPR) is presently 38.96%.

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GPK has been the subject of a number of research reports. Robert W. Baird reiterated an “outperform” rating and issued a $16.00 price target on shares of Graphic Packaging Holding Company in a report on Monday, September 19th. RBC Capital Markets started coverage on Graphic Packaging Holding Company in a report on Thursday, September 29th. They issued an “outperform” rating and a $17.00 price target for the company. Royal Bank Of Canada started coverage on Graphic Packaging Holding Company in a report on Friday, September 30th. They set an “outperform” rating and a $17.00 target price for the company. Bank of America Corporation lowered Graphic Packaging Holding Company from a “buy” rating to a “neutral” rating in a report on Monday, October 3rd. Finally, Zacks Investment Research lowered Graphic Packaging Holding Company from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $15.89.

Graphic Packaging Holding Company Company 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, Flexible Packaging, and Corporate and Other.

5 Day Chart for NYSE:GPK

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