Graphic Packaging Holding (NYSE:GPK) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in shares of Graphic Packaging Holding (NYSE:GPK) by 20.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,489 shares of the industrial products company’s stock after purchasing an additional 4,049 shares during the period. PNC Financial Services Group Inc.’s holdings in Graphic Packaging were worth $579,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Raleigh Capital Management Inc. boosted its stake in Graphic Packaging by 5.5% in the fourth quarter. Raleigh Capital Management Inc. now owns 8,420 shares of the industrial products company’s stock valued at $208,000 after acquiring an additional 436 shares in the last quarter. Clear Harbor Asset Management LLC boosted its stake 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 acquiring an additional 506 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its stake in Graphic Packaging by 1.7% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 35,752 shares of the industrial products company’s stock valued at $881,000 after acquiring an additional 594 shares in the last quarter. Seelaus Asset Management LLC boosted its stake 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 acquiring an additional 619 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in Graphic Packaging by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 138,032 shares of the industrial products company’s stock valued at $3,075,000 after acquiring an additional 698 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wells Fargo & Company restated an “underweight” rating and issued a $21.00 price objective on shares of Graphic Packaging in a research note on Monday, April 1st. Citigroup upped 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $28.13.

Graphic Packaging Price Performance

Shares of NYSE:GPK opened at $26.85 on Thursday. The company has a 50-day simple moving average of $27.51 and a 200-day simple moving average of $26.63. Graphic Packaging Holding has a one year low of $20.07 and a one year high of $29.50. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.52 and a current ratio of 1.24. The stock has a market capitalization of $8.25 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 10.00 and a beta of 0.87.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm 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 firm’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 earnings per share. On average, analysts predict that Graphic Packaging Holding will post 2.66 EPS for the current year.

Graphic Packaging Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Saturday, June 15th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.40 annualized dividend and a yield of 1.49%. Graphic Packaging’s dividend payout ratio is currently 18.10%.

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.