Marshall Wace North America L.P. Boosts Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

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Marshall Wace North America L.P. raised its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 65.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,006,131 shares of the industrial products company’s stock after buying an additional 1,193,788 shares during the period. Marshall Wace North America L.P. owned about 1.02% of Graphic Packaging worth $42,026,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GPK. Rockefeller Capital Management L.P. raised its stake in shares of Graphic Packaging by 64.1% during the second quarter. Rockefeller Capital Management L.P. now owns 4,287 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 1,675 shares during the last quarter. Leavell Investment Management Inc. bought a new position in shares of Graphic Packaging during the second quarter valued at about $140,000. HighTower Advisors LLC bought a new position in shares of Graphic Packaging during the second quarter valued at about $161,000. NumerixS Investment Technologies Inc bought a new position in shares of Graphic Packaging during the second quarter valued at about $168,000. Finally, Veritable L.P. raised its stake in shares of Graphic Packaging by 11.6% during the second quarter. Veritable L.P. now owns 12,182 shares of the industrial products company’s stock valued at $170,000 after acquiring an additional 1,267 shares during the last quarter.

Several equities analysts have recently commented on GPK shares. Citigroup upped their price objective on shares of Graphic Packaging from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Zacks Investment Research downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Graphic Packaging currently has an average rating of “Hold” and a consensus target price of $16.00.

GPK stock traded down $0.12 during trading on Thursday, reaching $14.21. The company had a trading volume of 101,857 shares, compared to its average volume of 2,871,164. Graphic Packaging Holding has a 52 week low of $10.04 and a 52 week high of $15.58. The company has a market cap of $4.14 billion, a P/E ratio of 17.55, a PEG ratio of 1.26 and a beta of 1.35. The business has a 50 day moving average of $13.78 and a 200 day moving average of $13.49. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.70 and a quick ratio of 0.70.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. Graphic Packaging had a net margin of 4.32% and a return on equity of 12.94%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the firm earned $0.18 earnings per share. Graphic Packaging’s revenue was up 2.8% on a year-over-year basis. Research analysts expect that Graphic Packaging Holding will post 0.86 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 5th. Investors of record on Sunday, September 15th will be 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 is Thursday, September 12th. Graphic Packaging’s payout ratio is currently 37.04%.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, foodservice, 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), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.

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

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