Victory Capital Management Inc. Has $66.58 Million Stake in Graphic Packaging Holding Company (GPK)
Victory Capital Management Inc. increased its position in Graphic Packaging Holding Company (NYSE:GPK) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,831,400 shares of the industrial products company’s stock after buying an additional 26,315 shares during the period. Victory Capital Management Inc. owned about 1.56% of Graphic Packaging Holding worth $66,577,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. increased its position in shares of Graphic Packaging Holding by 1.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 8,039 shares of the industrial products company’s stock worth $103,000 after buying an additional 116 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Graphic Packaging Holding by 124.0% in the first quarter. Fifth Third Bancorp now owns 10,082 shares of the industrial products company’s stock worth $130,000 after buying an additional 5,582 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Graphic Packaging Holding during the first quarter worth approximately $104,000. Eagle Boston Investment Management Inc. bought a new position in shares of Graphic Packaging Holding during the first quarter worth approximately $136,000. Finally, Two Sigma Securities LLC bought a new position in shares of Graphic Packaging Holding during the first quarter worth approximately $140,000. 97.71% of the stock is owned by institutional investors and hedge funds.
Graphic Packaging Holding Company (NYSE:GPK) opened at 13.07 on Friday. The firm has a market capitalization of $4.05 billion, a P/E ratio of 24.25 and a beta of 1.14. Graphic Packaging Holding Company has a one year low of $12.00 and a one year high of $14.70. The company has a 50-day moving average price of $13.45 and a 200-day moving average price of $13.37.
Graphic Packaging Holding (NYSE:GPK) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Graphic Packaging Holding had a return on equity of 18.22% and a net margin of 3.98%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 EPS. On average, equities research analysts anticipate that Graphic Packaging Holding Company will post $0.68 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 15th will be issued a $0.075 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.30 annualized dividend and a yield of 2.30%. Graphic Packaging Holding’s dividend payout ratio (DPR) is 54.55%.
TRADEMARK VIOLATION WARNING: This article was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://theolympiareport.com/2017/08/27/victory-capital-management-inc-has-66-58-million-stake-in-graphic-packaging-holding-company-gpk.html.
GPK has been the subject of a number of research analyst reports. Zacks Investment Research raised Graphic Packaging Holding from a “sell” rating to a “hold” rating in a report on Friday, August 18th. BidaskClub raised Graphic Packaging Holding from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. DA Davidson reaffirmed a “buy” rating and issued a $16.50 price target (down from $17.50) on shares of Graphic Packaging Holding in a report on Monday, August 21st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $14.00 price target on shares of Graphic Packaging Holding in a report on Wednesday, June 14th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Graphic Packaging Holding has an average rating of “Buy” and a consensus target price of $15.60.
In other Graphic Packaging Holding news, Director G Andrea Botta sold 10,982 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $13.45, for a total value of $147,707.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.02% of the company’s stock.
About Graphic Packaging Holding
Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.
Want to see what other hedge funds are holding GPK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Graphic Packaging Holding Company (NYSE:GPK).
Receive News & Ratings for Graphic Packaging Holding Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graphic Packaging Holding Company and related companies with Analyst Ratings Network's FREE daily email newsletter.