UBS Asset Management Americas Inc. Increases Position in Graphic Packaging Holding Company (GPK)

UBS Asset Management Americas Inc. boosted its holdings in shares of Graphic Packaging Holding Company (NYSE:GPK) by 14.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,500 shares of the industrial products company’s stock after acquiring an additional 28,355 shares during the period. UBS Asset Management Americas Inc. owned 0.07% of Graphic Packaging Holding worth $3,163,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Quantitative Investment Management LLC purchased a new stake in Graphic Packaging Holding during the 2nd quarter valued at about $358,000. Lazard Asset Management LLC grew its stake in Graphic Packaging Holding by 16.3% during the 2nd quarter. Lazard Asset Management LLC now owns 2,691,955 shares of the industrial products company’s stock valued at $37,095,000 after acquiring an additional 376,941 shares in the last quarter. Thrivent Financial For Lutherans purchased a new stake in Graphic Packaging Holding during the 2nd quarter valued at about $3,143,000. Stevens Capital Management LP grew its stake in Graphic Packaging Holding by 146.8% during the 2nd quarter. Stevens Capital Management LP now owns 396,598 shares of the industrial products company’s stock valued at $5,465,000 after acquiring an additional 235,886 shares in the last quarter. Finally, BlueMountain Capital Management LLC grew its stake in Graphic Packaging Holding by 54.2% during the 2nd quarter. BlueMountain Capital Management LLC now owns 244,145 shares of the industrial products company’s stock valued at $3,364,000 after acquiring an additional 85,799 shares in the last quarter. 95.00% of the stock is owned by institutional investors.

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Several analysts recently issued reports on GPK shares. BMO Capital Markets reaffirmed a “buy” rating and set a $15.50 price objective on shares of Graphic Packaging Holding in a research note on Friday, June 23rd. BidaskClub raised shares of Graphic Packaging Holding from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. DA Davidson initiated coverage on shares of Graphic Packaging Holding in a research note on Monday, July 10th. They set a “buy” rating and a $17.50 price objective for the company. Jefferies Group LLC reiterated a “hold” rating and issued a $15.00 target price (up from $14.00) on shares of Graphic Packaging Holding in a report on Friday, July 14th. Finally, Zacks Investment Research lowered shares of Graphic Packaging Holding from a “hold” rating to a “sell” rating in a report on Friday, July 14th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $15.60.

Graphic Packaging Holding Company (NYSE GPK) opened at 14.18 on Friday. The firm has a 50-day moving average of $13.50 and a 200 day moving average of $13.44. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 26.31 and a beta of 1.16. Graphic Packaging Holding Company has a 12-month low of $12.00 and a 12-month high of $14.37.

Graphic Packaging Holding (NYSE:GPK) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. Graphic Packaging Holding had a net margin of 3.98% and a return on equity of 18.22%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 earnings per share. On average, equities analysts predict that Graphic Packaging Holding Company will post $0.68 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Friday, September 15th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.12%. Graphic Packaging Holding’s dividend payout ratio (DPR) is presently 54.55%.

Graphic Packaging Holding Profile

Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.

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

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