California State Teachers Retirement System Sells 43,627 Shares of Graphic Packaging Holding (GPK)

California State Teachers Retirement System trimmed its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 7.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 514,091 shares of the industrial products company’s stock after selling 43,627 shares during the period. California State Teachers Retirement System owned about 0.17% of Graphic Packaging worth $7,172,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Stifel Financial Corp lifted its position in shares of Graphic Packaging by 7.3% during the third quarter. Stifel Financial Corp now owns 327,917 shares of the industrial products company’s stock worth $4,543,000 after purchasing an additional 22,182 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Graphic Packaging by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 4,864,197 shares of the industrial products company’s stock worth $67,854,000 after purchasing an additional 25,315 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Graphic Packaging by 6.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,524,984 shares of the industrial products company’s stock worth $21,274,000 after purchasing an additional 94,301 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Graphic Packaging by 2.3% during the third quarter. Wells Fargo & Company MN now owns 1,033,938 shares of the industrial products company’s stock worth $14,424,000 after purchasing an additional 23,533 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of Graphic Packaging by 347.1% during the third quarter. Citadel Advisors LLC now owns 928,592 shares of the industrial products company’s stock worth $12,953,000 after purchasing an additional 720,901 shares in the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Graphic Packaging Holding (NYSE GPK) opened at $16.60 on Friday. The stock has a market cap of $5,140.00, a price-to-earnings ratio of 32.55, a P/E/G ratio of 3.81 and a beta of 1.19. The company has a quick ratio of 0.74, a current ratio of 1.50 and a debt-to-equity ratio of 1.96. Graphic Packaging Holding has a twelve month low of $12.00 and a twelve month high of $16.73.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. Graphic Packaging had a net margin of 3.70% and a return on equity of 17.27%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the company posted $0.20 earnings per share. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. equities analysts predict that Graphic Packaging Holding will post 0.65 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 15th were paid a dividend of $0.075 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.30 annualized dividend and a yield of 1.81%. Graphic Packaging’s payout ratio is 58.82%.

In other Graphic Packaging news, VP Deborah R. Frank sold 38,266 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $15.51, for a total transaction of $593,505.66. Following the completion of the sale, the vice president now owns 77,139 shares in the company, valued at $1,196,425.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.02% of the stock is owned by insiders.

A number of research analysts have recently commented on GPK shares. BMO Capital Markets boosted their target price on shares of Graphic Packaging from $15.50 to $17.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Zacks Investment Research raised shares of Graphic Packaging from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Thursday, October 12th. Stephens assumed coverage on shares of Graphic Packaging in a research report on Tuesday, October 24th. They set an “overweight” rating and a $17.00 target price on the stock. KeyCorp reaffirmed a “hold” rating on shares of Graphic Packaging in a report on Sunday, October 29th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $15.00 price target on shares of Graphic Packaging in a report on Tuesday, October 10th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Graphic Packaging has a consensus rating of “Buy” and a consensus price target of $16.48.

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Graphic Packaging Profile

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.

Institutional Ownership by Quarter for Graphic Packaging (NYSE:GPK)

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