Graphic Packaging Holding (NYSE:GPK) Stock Holdings Lessened by Raymond James & Associates

Raymond James & Associates lowered its stake in Graphic Packaging Holding (NYSE:GPKGet Rating) by 38.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 507,234 shares of the industrial products company’s stock after selling 321,544 shares during the period. Raymond James & Associates’ holdings in Graphic Packaging were worth $10,013,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GPK. Wellington Management Group LLP increased its holdings in shares of Graphic Packaging by 70.0% in the first quarter. Wellington Management Group LLP now owns 10,911,606 shares of the industrial products company’s stock valued at $218,669,000 after buying an additional 4,493,702 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Graphic Packaging by 936.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 2,765,759 shares of the industrial products company’s stock valued at $56,698,000 after buying an additional 2,498,874 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Graphic Packaging by 5,965.5% in the second quarter. Millennium Management LLC now owns 2,224,266 shares of the industrial products company’s stock valued at $45,597,000 after buying an additional 2,187,595 shares in the last quarter. Amundi increased its holdings in shares of Graphic Packaging by 33.9% in the second quarter. Amundi now owns 3,612,943 shares of the industrial products company’s stock valued at $74,208,000 after buying an additional 914,540 shares in the last quarter. Finally, Letko Brosseau & Associates Inc. bought a new position in shares of Graphic Packaging in the second quarter valued at $15,225,000. Institutional investors own 94.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GPK. Citigroup boosted their target price on shares of Graphic Packaging to $28.00 in a research note on Thursday, October 27th. Bank of America cut their target price on shares of Graphic Packaging from $27.00 to $25.00 in a research note on Thursday, October 13th. UBS Group boosted their target price on shares of Graphic Packaging from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, December 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Graphic Packaging from $27.00 to $28.00 in a research note on Thursday, October 27th. Finally, StockNews.com began coverage on shares of Graphic Packaging in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.92.

Graphic Packaging Trading Down 0.9 %

NYSE GPK opened at $22.05 on Thursday. The company has a market capitalization of $6.77 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 0.36 and a beta of 0.96. Graphic Packaging Holding has a 1-year low of $17.99 and a 1-year high of $24.07. The firm’s fifty day simple moving average is $22.30 and its 200-day simple moving average is $21.95. The company has a current ratio of 1.30, a quick ratio of 0.53 and a debt-to-equity ratio of 2.65.

Graphic Packaging (NYSE:GPKGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.08. The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Graphic Packaging had a net margin of 4.48% and a return on equity of 33.12%. As a group, sell-side analysts anticipate that Graphic Packaging Holding will post 2.33 earnings per share for the current fiscal year.

About Graphic Packaging

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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.

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

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