US Bancorp DE Cuts Position in Graphic Packaging Holding (NYSE:GPK)

US Bancorp DE decreased its position in Graphic Packaging Holding (NYSE:GPKGet Rating) by 22.1% during the third quarter, Holdings Channel reports. The firm owned 27,726 shares of the industrial products company’s stock after selling 7,886 shares during the quarter. US Bancorp DE’s holdings in Graphic Packaging were worth $547,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GPK. First Horizon Advisors Inc. raised its position in Graphic Packaging by 3,761.8% in the second quarter. First Horizon Advisors Inc. now owns 1,313 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 1,279 shares during the period. Wipfli Financial Advisors LLC purchased a new stake in Graphic Packaging in the third quarter valued at approximately $29,000. Assetmark Inc. increased its position in shares of Graphic Packaging by 79.1% during the second quarter. Assetmark Inc. now owns 1,641 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 725 shares during the period. Arlington Partners LLC purchased a new stake in shares of Graphic Packaging during the second quarter worth $66,000. Finally, American International Group Inc. increased its position in shares of Graphic Packaging by 21.6% during the second quarter. American International Group Inc. now owns 4,414 shares of the industrial products company’s stock worth $90,000 after acquiring an additional 783 shares during the period. Hedge funds and other institutional investors own 94.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Citigroup upped their price objective on Graphic Packaging to $28.00 in a research report on Thursday, October 27th. UBS Group boosted their target price on shares of Graphic Packaging from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, December 21st. Mizuho boosted their target price on shares of Graphic Packaging from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, October 26th. StockNews.com initiated coverage on shares of Graphic Packaging in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Bank of America lowered their target price on shares of Graphic Packaging from $27.00 to $25.00 in a research note on Thursday, October 13th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $27.75.

Graphic Packaging Stock Performance

NYSE GPK opened at $22.56 on Friday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.30 and a quick ratio of 0.53. Graphic Packaging Holding has a 1 year low of $17.99 and a 1 year high of $24.07. The company has a market capitalization of $6.93 billion, a PE ratio of 17.22, a P/E/G ratio of 0.35 and a beta of 0.96. The company has a fifty day moving average of $22.29 and a two-hundred day moving average of $22.02.

Graphic Packaging (NYSE:GPKGet Rating) last announced its earnings results on Tuesday, October 25th. The industrial products company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.08. Graphic Packaging had a net margin of 4.48% and a return on equity of 33.12%. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.30 billion. As a group, analysts expect that Graphic Packaging Holding will post 2.33 earnings per share for the current year.

Graphic Packaging Company Profile

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Graphic Packaging Holding Co engages in the provision of paper-based packaging solutions for a variety of products to food, beverage and other consumer products companies. The firm produces folding cartons, kraft paperboard, coated-recycled boxboard and multi-wall bags. It operates through the following business segments: Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other.

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

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