Stifel Financial Corp trimmed its stake in Graphic Packaging Holding Company (NYSE:GPK) by 7.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 305,735 shares of the industrial products company’s stock after selling 23,833 shares during the quarter. Stifel Financial Corp owned approximately 0.10% of Graphic Packaging Holding worth $4,172,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Graphic Packaging Holding by 3.7% in the first quarter. Vanguard Group Inc. now owns 25,103,563 shares of the industrial products company’s stock valued at $323,083,000 after buying an additional 896,031 shares during the last quarter. Boston Partners lifted its stake in Graphic Packaging Holding by 24.7% in the second quarter. Boston Partners now owns 22,667,228 shares of the industrial products company’s stock valued at $312,354,000 after buying an additional 4,496,306 shares during the last quarter. BlackRock Inc. lifted its stake in Graphic Packaging Holding by 16,552.6% in the first quarter. BlackRock Inc. now owns 14,893,409 shares of the industrial products company’s stock valued at $191,677,000 after buying an additional 14,803,973 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Graphic Packaging Holding by 8.4% in the second quarter. JPMorgan Chase & Co. now owns 8,994,618 shares of the industrial products company’s stock valued at $123,946,000 after buying an additional 696,161 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Graphic Packaging Holding by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,838,882 shares of the industrial products company’s stock valued at $66,679,000 after buying an additional 188,408 shares during the last quarter. Institutional investors own 95.00% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/10/10/stifel-financial-corp-sells-23833-shares-of-graphic-packaging-holding-company-gpk.html.

Graphic Packaging Holding Company (NYSE GPK) opened at 14.20 on Tuesday. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 26.35 and a beta of 1.16. The stock’s 50 day moving average price is $13.40 and its 200-day moving average price is $13.42. Graphic Packaging Holding Company has a one year low of $12.00 and a one year high of $14.35.

Graphic Packaging Holding (NYSE:GPK) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. Graphic Packaging Holding had a return on equity of 18.22% and a net margin of 3.98%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 earnings per share. On average, equities research analysts anticipate that Graphic Packaging Holding Company will post $0.68 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Friday, September 15th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Thursday, September 14th. Graphic Packaging Holding’s dividend payout ratio is currently 54.55%.

A number of equities research analysts have issued reports on GPK shares. Zacks Investment Research upgraded Graphic Packaging Holding from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. BMO Capital Markets reiterated a “buy” rating and issued a $15.50 target price on shares of Graphic Packaging Holding in a research note on Friday, September 1st. BidaskClub cut Graphic Packaging Holding from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Jefferies Group LLC reiterated a “hold” rating and issued a $15.00 target price (up from $14.00) on shares of Graphic Packaging Holding in a research note on Friday, July 14th. Finally, DA Davidson started coverage on Graphic Packaging Holding in a research note on Monday, July 10th. They issued a “buy” rating and a $17.50 target price on the stock. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.54.

Graphic Packaging Holding 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, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.

Want to see what other hedge funds are holding GPK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Graphic Packaging Holding Company (NYSE:GPK).

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

Receive News & Ratings for Graphic Packaging Holding Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graphic Packaging Holding Company and related companies with MarketBeat.com's FREE daily email newsletter.