Graphic Packaging Holding (NYSE:GPK) Shares Purchased by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. lifted its position in Graphic Packaging Holding (NYSE:GPK) by 369.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,174 shares of the industrial products company’s stock after purchasing an additional 924 shares during the period. Raleigh Capital Management Inc.’s holdings in Graphic Packaging were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in GPK. Private Trust Co. NA lifted its stake in shares of Graphic Packaging by 177.3% in the 1st quarter. Private Trust Co. NA now owns 1,109 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 709 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in Graphic Packaging in the 1st quarter worth about $39,000. Jefferies Financial Group Inc. acquired a new position in Graphic Packaging in the 4th quarter worth about $41,000. Venturi Wealth Management LLC acquired a new position in Graphic Packaging in the 1st quarter worth about $43,000. Finally, Belpointe Asset Management LLC acquired a new position in Graphic Packaging in the 4th quarter worth about $45,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Graphic Packaging Stock Up 4.1 %

Shares of NYSE:GPK opened at $23.36 on Friday. The company has a quick ratio of 0.55, a current ratio of 1.36 and a debt-to-equity ratio of 2.06. The business has a fifty day moving average of $22.92 and a two-hundred day moving average of $24.17. The stock has a market cap of $7.18 billion, a P/E ratio of 10.25, a PEG ratio of 0.31 and a beta of 0.98. Graphic Packaging Holding has a 52-week low of $19.46 and a 52-week high of $27.56.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, August 1st. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.07). Graphic Packaging had a net margin of 7.30% and a return on equity of 37.35%. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the previous year, the company earned $0.60 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, research analysts expect that Graphic Packaging Holding will post 2.84 earnings per share for the current year.

Graphic Packaging Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.71%. Graphic Packaging’s dividend payout ratio (DPR) is 17.54%.

Analyst Ratings Changes

Several analysts have recently issued reports on GPK shares. Bank of America lowered shares of Graphic Packaging from a “buy” rating to a “neutral” rating and dropped their target price for the company from $35.00 to $29.00 in a research report on Monday, July 10th. Wells Fargo & Company cut their price objective on Graphic Packaging from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, August 2nd. Citigroup decreased their target price on Graphic Packaging from $30.00 to $28.00 in a research report on Monday, July 10th. Deutsche Bank Aktiengesellschaft cut Graphic Packaging from a “buy” rating to a “hold” rating and dropped their price target for the stock from $30.00 to $26.00 in a research report on Thursday, June 29th. Finally, 888 reiterated a “downgrade” rating on shares of Graphic Packaging in a research report on Thursday, June 29th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.44.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, provides fiber-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 products, such as folding cartons, cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies; and barrier packaging products that protect against moisture, hot and cold temperature, grease, oil, oxygen, sunlight, insects, and other potential product-damaging factors.