Stanley Laman Group Ltd. grew its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 3.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,679 shares of the industrial products company’s stock after acquiring an additional 1,773 shares during the period. Stanley Laman Group Ltd.’s holdings in Graphic Packaging were worth $806,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Private Capital Group LLC increased its holdings in Graphic Packaging by 210.4% during the first quarter. Private Capital Group LLC now owns 2,533 shares of the industrial products company’s stock valued at $32,000 after buying an additional 1,717 shares during the period. Clear Investment Research LLC purchased a new position in Graphic Packaging during the first quarter valued at approximately $134,000. Creative Planning purchased a new position in Graphic Packaging during the first quarter valued at approximately $135,000. Leavell Investment Management Inc. purchased a new position in Graphic Packaging during the second quarter valued at approximately $140,000. Finally, World Asset Management Inc increased its holdings in Graphic Packaging by 33.8% during the first quarter. World Asset Management Inc now owns 13,479 shares of the industrial products company’s stock valued at $170,000 after buying an additional 3,402 shares during the period.
NYSE GPK traded up $0.09 on Thursday, hitting $12.84. The stock had a trading volume of 80,369 shares, compared to its average volume of 4,658,922. The business has a fifty day moving average of $14.23. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.70 and a current ratio of 1.70. Graphic Packaging Holding has a 52-week low of $10.04 and a 52-week high of $15.58. The company has a market capitalization of $3.84 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 1.18 and a beta of 1.34.
The company also recently declared a quarterly dividend, which will be paid on Saturday, October 5th. Shareholders of record on Sunday, September 15th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.34%. The ex-dividend date is Thursday, September 12th. Graphic Packaging’s dividend payout ratio is currently 37.04%.
Several equities analysts recently issued reports on GPK shares. UBS Group lifted their price objective on shares of Graphic Packaging from $12.50 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. KeyCorp reissued a “hold” rating on shares of Graphic Packaging in a report on Wednesday, April 24th. TheStreet raised shares of Graphic Packaging from a “c+” rating to a “b-” rating in a report on Monday, April 22nd. Zacks Investment Research raised shares of Graphic Packaging from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Friday, July 26th. Finally, Citigroup lifted their price objective on shares of Graphic Packaging from $16.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $16.00.
Graphic Packaging Company Profile
Graphic Packaging Holding Company, together with its subsidiaries, provides paper-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 folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.
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