Assetmark Inc. Boosts Holdings in Graphic Packaging Holding (NYSE:GPK)

Assetmark Inc. increased its holdings in Graphic Packaging Holding (NYSE:GPKGet Rating) by 40.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,297 shares of the industrial products company’s stock after purchasing an additional 656 shares during the period. Assetmark Inc.’s holdings in Graphic Packaging were worth $45,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its holdings in Graphic Packaging by 3,761.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,313 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 1,279 shares in the last quarter. Wipfli Financial Advisors LLC purchased a new stake in shares of Graphic Packaging during the 3rd quarter worth approximately $29,000. Arlington Partners LLC purchased a new stake in shares of Graphic Packaging during the 2nd quarter worth approximately $66,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Graphic Packaging during the 3rd quarter worth approximately $82,000. Finally, American International Group Inc. raised its holdings in shares of Graphic Packaging by 21.6% during the 2nd 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 in the last quarter. 94.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GPK. StockNews.com began coverage on Graphic Packaging in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on Graphic Packaging from $27.00 to $28.00 in a report on Thursday, October 27th. Bank of America decreased their price objective on Graphic Packaging from $27.00 to $25.00 in a report on Thursday, October 13th. UBS Group upped their price objective on Graphic Packaging from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, December 21st. Finally, Mizuho boosted their target price on Graphic Packaging from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, October 26th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $27.75.

Graphic Packaging Stock Performance

Shares of Graphic Packaging stock opened at $22.56 on Monday. The stock’s fifty day moving average is $22.29 and its two-hundred day moving average is $22.03. The company has a market capitalization of $6.93 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 0.36 and a beta of 0.96. The company has a quick ratio of 0.53, a current ratio of 1.30 and a debt-to-equity ratio of 2.65. Graphic Packaging Holding has a 52 week low of $17.99 and a 52 week high of $24.07.

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

About Graphic Packaging

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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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