Zurcher Kantonalbank Zurich Cantonalbank Buys 2,750 Shares of Graphic Packaging Holding (NYSE:GPK)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Graphic Packaging Holding (NYSE:GPK) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 72,440 shares of the industrial products company’s stock after acquiring an additional 2,750 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Graphic Packaging were worth $1,786,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GPK. FinTrust Capital Advisors LLC grew its position in Graphic Packaging by 870.7% in the third quarter. FinTrust Capital Advisors LLC now owns 1,291 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 1,158 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of Graphic Packaging by 39.6% during the third quarter. Venturi Wealth Management LLC now owns 2,372 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 673 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Graphic Packaging by 44.2% during the third quarter. First Horizon Advisors Inc. now owns 2,476 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 759 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of Graphic Packaging during the fourth quarter worth $62,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Graphic Packaging during the fourth quarter worth $64,000. 99.67% of the stock is currently owned by institutional investors.

Graphic Packaging Trading Up 1.2 %

NYSE GPK opened at $27.41 on Thursday. The firm has a market cap of $8.42 billion, a P/E ratio of 11.68 and a beta of 0.84. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.10 and a quick ratio of 0.42. The stock’s 50-day moving average is $27.27 and its 200-day moving average is $24.84. Graphic Packaging Holding has a one year low of $20.07 and a one year high of $29.50.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, February 20th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.40 billion. Graphic Packaging had a return on equity of 35.66% and a net margin of 7.67%. Graphic Packaging’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. Sell-side analysts anticipate that Graphic Packaging Holding will post 2.7 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.46%. Graphic Packaging’s payout ratio is presently 17.02%.

Insider Buying and Selling

In other Graphic Packaging news, EVP Joseph P. Yost sold 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $26.20, for a total value of $1,834,000.00. Following the completion of the transaction, the executive vice president now directly owns 205,231 shares in the company, valued at $5,377,052.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on GPK shares. Citigroup increased their target price on Graphic Packaging from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Wells Fargo & Company restated an “underweight” rating and set a $21.00 target price on shares of Graphic Packaging in a report on Monday, April 1st. Finally, Robert W. Baird increased their target price on Graphic Packaging from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $28.44.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.