Commonwealth Equity Services LLC Has $768,000 Stake in Graphic Packaging Holding (NYSE:GPK)

Commonwealth Equity Services LLC increased its position in shares of Graphic Packaging Holding (NYSE:GPKFree Report) by 33.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,313 shares of the industrial products company’s stock after purchasing an additional 6,612 shares during the period. Commonwealth Equity Services LLC’s holdings in Graphic Packaging were worth $768,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in shares of Graphic Packaging during the fourth quarter worth $26,000. Rise Advisors LLC bought a new position in Graphic Packaging during the first quarter worth about $26,000. OLD Point Trust & Financial Services N A acquired a new stake in Graphic Packaging in the 4th quarter worth about $27,000. GAMMA Investing LLC acquired a new position in shares of Graphic Packaging during the 4th quarter worth approximately $44,000. Finally, ICA Group Wealth Management LLC bought a new position in shares of Graphic Packaging during the fourth quarter worth approximately $50,000. 99.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GPK has been the topic of a number of analyst reports. Wells Fargo & Company reissued an “underweight” rating and set a $21.00 price target on shares of Graphic Packaging in a research report on Monday, April 1st. Citigroup decreased their price target on Graphic Packaging from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday. StockNews.com raised shares of Graphic Packaging from a “hold” rating to a “buy” rating in a research report on Wednesday, July 3rd. Finally, Stifel Nicolaus started coverage on shares of Graphic Packaging in a report on Tuesday. They issued a “buy” rating and a $35.20 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.78.

Get Our Latest Stock Report on Graphic Packaging

Graphic Packaging Stock Down 0.6 %

Shares of NYSE GPK opened at $25.34 on Wednesday. The stock has a 50-day moving average price of $27.24 and a two-hundred day moving average price of $26.75. Graphic Packaging Holding has a 12 month low of $20.07 and a 12 month high of $29.50. The company has a current ratio of 1.24, a quick ratio of 0.52 and a debt-to-equity ratio of 1.72. The company has a market cap of $7.79 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 9.31 and a beta of 0.85.

Graphic Packaging (NYSE:GPKGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.38 billion. Graphic Packaging had a net margin of 7.36% and a return on equity of 32.55%. The firm’s revenue was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.77 EPS. As a group, analysts forecast that Graphic Packaging Holding will post 2.66 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Saturday, June 15th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.58%. Graphic Packaging’s payout ratio is presently 18.10%.

About Graphic Packaging

(Free Report)

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.

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

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