Bank of Montreal Can cut its stake in shares of Graphic Packaging Holding Company (NYSE:GPK) by 22.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,118 shares of the company’s stock after selling 27,651 shares during the period. Bank of Montreal Can’s holdings in Graphic Packaging Holding Company were worth $1,331,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. FMR LLC raised its position in shares of Graphic Packaging Holding Company by 40.2% in the second quarter. FMR LLC now owns 34,116,601 shares of the company’s stock valued at $427,822,000 after buying an additional 9,776,631 shares during the period. AQR Capital Management LLC raised its position in shares of Graphic Packaging Holding Company by 43.7% in the second quarter. AQR Capital Management LLC now owns 2,487,126 shares of the company’s stock valued at $31,189,000 after buying an additional 756,631 shares during the period. Hsbc Holdings PLC raised its position in shares of Graphic Packaging Holding Company by 1,878.3% in the second quarter. Hsbc Holdings PLC now owns 776,800 shares of the company’s stock valued at $9,741,000 after buying an additional 737,533 shares during the period. Point72 Asset Management L.P. raised its position in shares of Graphic Packaging Holding Company by 291.4% in the second quarter. Point72 Asset Management L.P. now owns 879,400 shares of the company’s stock valued at $11,028,000 after buying an additional 654,700 shares during the period. Finally, Highbridge Capital Management LLC acquired a new position in shares of Graphic Packaging Holding Company during the second quarter valued at about $8,029,000. 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 12.82 on Friday. Graphic Packaging Holding Company has a 52 week low of $10.71 and a 52 week high of $14.70. The firm has a 50-day moving average price of $12.76 and a 200-day moving average price of $13.29. The company has a market cap of $4.07 billion, a P/E ratio of 16.58 and a beta of 1.28.

Graphic Packaging Holding Company (NYSE:GPK) last issued its quarterly earnings data 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 business earned $1.10 billion during the quarter, compared to the consensus estimate of $1.14 billion. Graphic Packaging Holding Company had a return on equity of 22.90% and a net margin of 5.87%. Graphic Packaging Holding Company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.20 earnings per share. Equities research analysts anticipate that Graphic Packaging Holding Company will post $0.74 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 5th. Stockholders of record on Thursday, December 15th were given a $0.075 dividend. This is a positive change from Graphic Packaging Holding Company’s previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date was Tuesday, December 13th. Graphic Packaging Holding Company’s dividend payout ratio (DPR) is currently 38.96%.

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GPK has been the topic of several recent analyst reports. Bank of America Corporation raised Graphic Packaging Holding Company from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 7th. They noted that the move was a valuation call. Zacks Investment Research lowered Graphic Packaging Holding Company from a “hold” rating to a “sell” rating in a research report on Monday, December 5th. Robert W. Baird reaffirmed an “outperform” rating and set a $16.00 target price on shares of Graphic Packaging Holding Company in a research report on Monday, September 19th. Jefferies Group reaffirmed a “buy” rating and set a $15.00 target price (down from $16.00) on shares of Graphic Packaging Holding Company in a research report on Friday, October 28th. Finally, RBC Capital Markets assumed coverage on Graphic Packaging Holding Company in a research report on Thursday, September 29th. They set an “outperform” rating and a $17.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $15.89.

About Graphic Packaging Holding Company

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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