Shares of Graphic Packaging Holding (NYSE:GPK) have earned a consensus recommendation of “Buy” from the eleven research firms that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $15.92.
GPK has been the subject of a number of recent analyst reports. KeyCorp restated a “hold” rating on shares of Graphic Packaging in a report on Wednesday, April 24th. ValuEngine lowered shares of Graphic Packaging from a “hold” rating to a “sell” rating in a report on Monday, February 25th. Zacks Investment Research lowered shares of Graphic Packaging from a “strong-buy” rating to a “hold” rating in a report on Friday, April 19th. TheStreet upgraded shares of Graphic Packaging from a “c+” rating to a “b-” rating in a report on Monday, April 22nd. Finally, UBS Group lifted their target price on shares of Graphic Packaging from $12.50 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th.
A number of large investors have recently bought and sold shares of GPK. Shapiro Capital Management LLC grew its position in Graphic Packaging by 111.8% in the 4th quarter. Shapiro Capital Management LLC now owns 15,308,944 shares of the industrial products company’s stock worth $162,887,000 after purchasing an additional 8,080,950 shares during the period. Millennium Management LLC grew its position in Graphic Packaging by 67.0% in the 4th quarter. Millennium Management LLC now owns 10,075,903 shares of the industrial products company’s stock worth $107,208,000 after purchasing an additional 4,042,963 shares during the period. Boston Partners grew its position in Graphic Packaging by 14.4% in the 1st quarter. Boston Partners now owns 30,353,133 shares of the industrial products company’s stock worth $383,360,000 after purchasing an additional 3,815,826 shares during the period. Norges Bank bought a new stake in Graphic Packaging in the 4th quarter worth approximately $40,465,000. Finally, FMR LLC grew its position in shares of Graphic Packaging by 9.2% during the 4th quarter. FMR LLC now owns 22,209,385 shares of the industrial products company’s stock valued at $236,308,000 after acquiring an additional 1,869,647 shares during the period.
Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Graphic Packaging had a net margin of 4.12% and a return on equity of 12.05%. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the business earned $0.19 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, equities analysts expect that Graphic Packaging will post 0.85 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Saturday, June 15th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, June 13th. Graphic Packaging’s dividend payout ratio (DPR) is presently 37.04%.
About Graphic Packaging
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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