Zurcher Kantonalbank Zurich Cantonalbank Boosts Position in Graphic Packaging Holding (NYSE:GPK)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Graphic Packaging Holding (NYSE:GPK) by 3.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 72,440 shares of the industrial products company’s stock after buying an additional 2,750 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Graphic Packaging were worth $1,786,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. DAVENPORT & Co LLC raised its holdings in Graphic Packaging by 3.6% in the third quarter. DAVENPORT & Co LLC now owns 14,391 shares of the industrial products company’s stock valued at $321,000 after buying an additional 500 shares during the period. Clear Harbor Asset Management LLC raised its holdings in Graphic Packaging by 1.5% in the fourth quarter. Clear Harbor Asset Management LLC now owns 33,310 shares of the industrial products company’s stock valued at $821,000 after buying an additional 506 shares during the period. Smithfield Trust Co raised its holdings in Graphic Packaging by 12.0% in the third quarter. Smithfield Trust Co now owns 5,134 shares of the industrial products company’s stock valued at $115,000 after buying an additional 552 shares during the period. Seelaus Asset Management LLC raised its holdings in Graphic Packaging by 2.4% in the fourth quarter. Seelaus Asset Management LLC now owns 26,627 shares of the industrial products company’s stock valued at $656,000 after buying an additional 619 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in Graphic Packaging by 39.6% in the third quarter. Venturi Wealth Management LLC now owns 2,372 shares of the industrial products company’s stock valued at $53,000 after buying an additional 673 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Citigroup lifted their price objective on shares of Graphic Packaging from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Wells Fargo & Company reiterated an “underweight” rating and set a $21.00 price objective on shares of Graphic Packaging in a research note on Monday, April 1st. Finally, Robert W. Baird lifted their price objective on shares of Graphic Packaging from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $28.44.

Graphic Packaging Stock Up 1.2 %

GPK stock opened at $27.41 on Thursday. Graphic Packaging Holding has a twelve month low of $20.07 and a twelve month high of $29.50. The company has a current ratio of 1.10, a quick ratio of 0.42 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $8.42 billion, a P/E ratio of 11.68 and a beta of 0.84. The firm has a 50 day simple moving average of $27.27 and a 200-day simple moving average of $24.84.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Graphic Packaging had a net margin of 7.67% and a return on equity of 35.66%. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the company earned $0.59 earnings per share. The business’s quarterly revenue was down 5.7% compared to the same quarter last year. On average, equities research analysts predict that Graphic Packaging Holding will post 2.7 earnings per share for the current fiscal year.

Graphic Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Thursday, March 14th. Graphic Packaging’s dividend payout ratio is presently 17.02%.

Insiders Place Their Bets

In other Graphic Packaging news, EVP Joseph P. Yost sold 70,000 shares of Graphic Packaging stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $26.20, for a total value of $1,834,000.00. Following the completion of the transaction, the executive vice president now owns 205,231 shares of the company’s stock, valued at $5,377,052.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

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.