New York Life Investment Management LLC Has $788,000 Stock Position in Graphic Packaging Holding (NYSE:GPK)

New York Life Investment Management LLC lowered its position in shares of Graphic Packaging Holding (NYSE:GPK) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,976 shares of the industrial products company’s stock after selling 1,787 shares during the quarter. New York Life Investment Management LLC’s holdings in Graphic Packaging were worth $788,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC grew its stake in Graphic Packaging by 64.1% during the 3rd quarter. SG Americas Securities LLC now owns 10,046 shares of the industrial products company’s stock valued at $224,000 after acquiring an additional 3,925 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Graphic Packaging by 110.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 18,327 shares of the industrial products company’s stock valued at $408,000 after acquiring an additional 9,614 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Graphic Packaging by 4.6% in the third quarter. Bank of New York Mellon Corp now owns 3,729,571 shares of the industrial products company’s stock worth $83,095,000 after acquiring an additional 162,676 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Graphic Packaging by 23.9% during the third quarter. New York State Teachers Retirement System now owns 246,322 shares of the industrial products company’s stock worth $5,488,000 after acquiring an additional 47,572 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Graphic Packaging by 8.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,690 shares of the industrial products company’s stock valued at $1,553,000 after purchasing an additional 5,265 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Insider Activity at Graphic Packaging

In other Graphic Packaging news, EVP Joseph P. Yost sold 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $26.20, for a total value of $1,834,000.00. Following the completion of the sale, the executive vice president now owns 205,231 shares in the company, valued at approximately $5,377,052.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Graphic Packaging Trading Up 1.1 %

NYSE:GPK opened at $27.68 on Thursday. The company has a quick ratio of 0.52, a current ratio of 1.24 and a debt-to-equity ratio of 1.72. The company’s 50 day moving average is $27.60 and its 200-day moving average is $25.27. The firm has a market cap of $8.51 billion, a price-to-earnings ratio of 12.52, a P/E/G ratio of 0.40 and a beta of 0.86. Graphic Packaging Holding has a 12 month low of $20.07 and a 12 month high of $29.50.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Graphic Packaging had a net margin of 7.36% and a return on equity of 32.55%. The business’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.77 earnings per share. Equities analysts anticipate that Graphic Packaging Holding will post 2.69 EPS for the current year.

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Thursday, March 14th. Graphic Packaging’s dividend payout ratio (DPR) is currently 18.10%.

Analyst Ratings Changes

GPK has been the subject of a number of recent research reports. Robert W. Baird raised their price target on Graphic Packaging from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Citigroup raised their price objective on shares of Graphic Packaging from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Wells Fargo & Company reissued an “underweight” rating and issued a $21.00 target price on shares of Graphic Packaging in a research report on Monday, April 1st. Finally, StockNews.com downgraded shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $28.13.

Graphic Packaging Company Profile

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.