1,717 Shares in Graphic Packaging Holding (NYSE:GPK) Acquired by GAMMA Investing LLC

GAMMA Investing LLC purchased a new position in Graphic Packaging Holding (NYSE:GPK) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,717 shares of the industrial products company’s stock, valued at approximately $44,000.

A number of other hedge funds have also recently added to or reduced their stakes in GPK. Linden Thomas Advisory Services LLC grew its position in Graphic Packaging by 1.7% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 35,752 shares of the industrial products company’s stock valued at $881,000 after purchasing an additional 594 shares during the period. Aspire Private Capital LLC grew its holdings in shares of Graphic Packaging by 9.6% during the fourth quarter. Aspire Private Capital LLC now owns 21,216 shares of the industrial products company’s stock valued at $523,000 after buying an additional 1,863 shares during the last quarter. OLD National Bancorp IN bought a new stake in shares of Graphic Packaging during the fourth quarter worth about $246,000. CWM LLC raised its holdings in shares of Graphic Packaging by 79.0% in the 4th quarter. CWM LLC now owns 4,023 shares of the industrial products company’s stock worth $99,000 after acquiring an additional 1,775 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Graphic Packaging by 3.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 72,440 shares of the industrial products company’s stock valued at $1,786,000 after acquiring an additional 2,750 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Analyst Upgrades and Downgrades

GPK has been the subject of several analyst reports. Wells Fargo & Company reissued an “underweight” rating and issued a $21.00 price objective on shares of Graphic Packaging in a research note on Monday, April 1st. StockNews.com lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Robert W. Baird raised their price target on shares of Graphic Packaging from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Finally, Citigroup boosted their price objective on Graphic Packaging from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Graphic Packaging has a consensus rating of “Hold” and a consensus target price of $28.13.

Graphic Packaging Stock Up 0.9 %

GPK opened at $27.10 on Friday. Graphic Packaging Holding has a 12 month low of $20.07 and a 12 month high of $29.50. The company has a market cap of $8.33 billion, a PE ratio of 12.26 and a beta of 0.86. The company has a current ratio of 1.24, a quick ratio of 0.42 and a debt-to-equity ratio of 1.72. The company has a 50 day moving average of $27.53 and a 200 day moving average of $25.11.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Graphic Packaging had a return on equity of 32.55% and a net margin of 7.36%. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same period last year, the company earned $0.77 earnings per share. The business’s revenue for the quarter was down 7.3% on a year-over-year basis. On average, sell-side analysts expect that Graphic Packaging Holding will post 2.69 EPS for the current year.

Graphic Packaging Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Thursday, March 14th. Graphic Packaging’s payout ratio is 18.10%.

Insider Transactions at Graphic Packaging

In related news, EVP Joseph P. Yost sold 70,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $26.20, for a total transaction of $1,834,000.00. Following the sale, the executive vice president now owns 205,231 shares of the company’s stock, valued at approximately $5,377,052.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

About Graphic Packaging

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.