Graphic Packaging Holding (GPK) Stake Lessened by Glenmede Trust Co. NA

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Glenmede Trust Co. NA lowered its position in shares of Graphic Packaging Holding (NYSE:GPK) by 2.8% in the third quarter, Holdings Channel reports. The institutional investor owned 3,822,340 shares of the industrial products company’s stock after selling 110,879 shares during the quarter. Glenmede Trust Co. NA’s holdings in Graphic Packaging were worth $53,550,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hsbc Holdings PLC increased its holdings in Graphic Packaging by 12.4% in the 3rd quarter. Hsbc Holdings PLC now owns 57,462 shares of the industrial products company’s stock valued at $805,000 after purchasing an additional 6,357 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Graphic Packaging by 55.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 17,873 shares of the industrial products company’s stock valued at $259,000 after purchasing an additional 6,388 shares during the last quarter. Stanley Laman Group Ltd. increased its holdings in Graphic Packaging by 15.4% in the 2nd quarter. Stanley Laman Group Ltd. now owns 53,960 shares of the industrial products company’s stock valued at $783,000 after purchasing an additional 7,192 shares during the last quarter. NumerixS Investment Technologies Inc increased its holdings in Graphic Packaging by 2,633.3% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 8,200 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 7,900 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Graphic Packaging by 51.5% in the 3rd quarter. Mackenzie Financial Corp now owns 25,000 shares of the industrial products company’s stock valued at $350,000 after purchasing an additional 8,500 shares during the last quarter.

Several analysts recently weighed in on GPK shares. ValuEngine downgraded shares of Graphic Packaging from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 23rd. Zacks Investment Research upgraded shares of Graphic Packaging from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Tuesday, October 16th. BMO Capital Markets dropped their target price on shares of Graphic Packaging from $18.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, October 25th. Deutsche Bank set a $15.00 price target on shares of Graphic Packaging and gave the stock a “buy” rating in a research note on Wednesday, October 24th. Finally, Seaport Global Securities started coverage on shares of Graphic Packaging in a research note on Tuesday, December 11th. They issued a “neutral” rating for the company. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $16.94.

In other Graphic Packaging news, Director Larry M. Venturelli purchased 25,000 shares of the company’s stock in a transaction on Thursday, October 25th. The stock was acquired at an average price of $10.59 per share, for a total transaction of $264,750.00. Following the completion of the purchase, the director now directly owns 47,993 shares in the company, valued at approximately $508,245.87. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.62% of the company’s stock.

NYSE:GPK opened at $10.64 on Wednesday. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 1.08 and a beta of 1.35. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.67 and a quick ratio of 0.79. Graphic Packaging Holding has a 52 week low of $10.04 and a 52 week high of $16.74.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, October 23rd. The industrial products company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02). The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.58 billion. Graphic Packaging had a return on equity of 11.90% and a net margin of 6.18%. The business’s revenue was up 34.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 EPS. On average, sell-side analysts anticipate that Graphic Packaging Holding will post 0.77 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 5th. Shareholders of record on Saturday, December 15th will be paid a $0.075 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.30 annualized dividend and a dividend yield of 2.82%. Graphic Packaging’s dividend payout ratio (DPR) is 47.62%.

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About Graphic Packaging

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK) and coated recycled paperboard (CRB) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons primarily to consumer packaged goods companies.

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

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