Raymond James Financial Services Advisors Inc. Has $882,000 Holdings in Graphic Packaging Holding (NYSE:GPK)

Raymond James Financial Services Advisors Inc. raised its stake in Graphic Packaging Holding (NYSE:GPKGet Rating) by 18.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,675 shares of the industrial products company’s stock after acquiring an additional 7,106 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Graphic Packaging were worth $882,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GPK. Private Advisor Group LLC bought a new position in shares of Graphic Packaging in the 1st quarter valued at about $519,000. MetLife Investment Management LLC bought a new position in shares of Graphic Packaging in the 1st quarter valued at about $184,000. BlackRock Inc. boosted its stake in shares of Graphic Packaging by 2.6% in the 1st quarter. BlackRock Inc. now owns 15,105,236 shares of the industrial products company’s stock valued at $302,709,000 after purchasing an additional 377,055 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Graphic Packaging by 3.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 25,660 shares of the industrial products company’s stock valued at $547,000 after purchasing an additional 792 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its stake in shares of Graphic Packaging by 9.0% in the 1st quarter. Yousif Capital Management LLC now owns 11,619 shares of the industrial products company’s stock valued at $233,000 after purchasing an additional 955 shares during the last quarter. Institutional investors and hedge funds own 94.47% of the company’s stock.

Graphic Packaging Price Performance

NYSE GPK opened at $22.56 on Friday. The company has a quick ratio of 0.53, a current ratio of 1.30 and a debt-to-equity ratio of 2.65. Graphic Packaging Holding has a 12-month low of $17.99 and a 12-month high of $24.07. The company has a market capitalization of $6.93 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 0.35 and a beta of 0.96. The firm’s 50 day moving average is $22.29 and its 200-day moving average is $22.02.

Graphic Packaging (NYSE:GPKGet Rating) last posted its quarterly earnings data on Tuesday, October 25th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.08. Graphic Packaging had a net margin of 4.48% and a return on equity of 33.12%. The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.30 billion. Equities research analysts anticipate that Graphic Packaging Holding will post 2.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GPK has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Graphic Packaging from $27.00 to $28.00 in a research note on Thursday, October 27th. Raymond James lifted their price objective on shares of Graphic Packaging from $26.00 to $27.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 26th. Mizuho lifted their price objective on shares of Graphic Packaging from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, October 26th. Citigroup lifted their price objective on shares of Graphic Packaging to $28.00 in a research note on Thursday, October 27th. Finally, StockNews.com assumed coverage on shares of Graphic Packaging in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $27.75.

Graphic Packaging Profile

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Graphic Packaging Holding Co engages in the provision of paper-based packaging solutions for a variety of products to food, beverage and other consumer products companies. The firm produces folding cartons, kraft paperboard, coated-recycled boxboard and multi-wall bags. It operates through the following business segments: Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other.

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

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