Graphic Packaging Holding Company (GPK) Releases Quarterly Earnings Results, Meets Expectations

Graphic Packaging Holding Company (NYSE:GPK) has risen 2.85% since October 24, 2016 and is uptrending.

According to data from Finviz's Research, The price target set for the stock is $169.55 and this sets up an interesting set of potential movement for the stock. Vanguard Group Inc. raised its position in shares of Graphic Packaging Holding by 3.7% during the 1st quarter.

Over the past five trading sessions shares of Graphic Packaging Holding Company (GPK) are 0.07%; 4.39% for the month; 6.97% for the last quarter; 4.31% for the past six-months; and 5.55% for the last 12 months. It also increased its holding in The Priceline Group (NASDAQ:PCLN) by 816 shares in the quarter, for a total of 8,473 shares, and has risen its stake in Medtronic Plc (NYSE:MDT). Boston Partners now owns 22,667,228 shares of the industrial products company's stock valued at $312,354,000 after acquiring an additional 4,496,306 shares in the last quarter. Its quick ratio for most recent quarter is 0.70 along with current ratio for most recent quarter of 1.50. It also upped Drx (KNOW) stake by 11,605 shares and now owns 23,210 shares. JPMorgan Chase & Co. now owns 8,994,618 shares of the industrial products company's stock valued at $123,946,000 after acquiring an additional 696,161 shares in the last quarter.

Graphic Packaging Holding Company will hold a controlling 79.5% posiiton in the partnership, while International Paper (IP) will own 20.5% of the partnership.

Shares of the company are trading at $58.25 slightly over $56.86, the 50 day moving average and marginally over the 200 day moving average of $54.93.

Graphic Packaging Holding (NYSE:GPK) last posted its earnings results on Tuesday, July 25th. Volume levels waned and GPK actually managed a declined which translated to 1.91 million shares changing hands on the day. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. The company's quarterly revenue was up 3.1% compared to the same quarter a year ago. They expect $1.64 earnings per share, up 19.71% or $0.27 from last year's $1.37 per share. Earnings, adjusted for non-recurring costs, were 18 cents per share.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 5th. The ex-dividend date is Tuesday, December 13th.

On 7/31/2017 announced a quarterly dividend of $0.08 2.27% with an ex dividend date of 9/14/2017 which will be payable on 9/15/2017. Graphic Packaging Holding's payout ratio is 38.96%. The rating was maintained by Jefferies on Tuesday, August 29 with "Hold". Finally, DA Davidson reaffirmed a "buy" rating and set a $16.50 price target (down from $17.50) on shares of Graphic Packaging Holding in a research report on Monday, August 21st.

These are 2 Hold Ratings, 8 Buy Ratings. RBC Capital Markets maintained it with "Buy" rating and $15.0 target in Monday, October 9 report. Royal Bank Of Canada initiated coverage on Graphic Packaging Holding in a research note on Friday, September 30th. BMO Capital Markets maintained it with "Buy" rating and $15.5 target in Friday, September 1 report. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.21 by $0.01.

South Street Advisors Llc decreased its stake in Graphic Packaging (GPK) by 12.35% based on its latest 2017Q2 regulatory filing with the SEC. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and global trademark & copyright law. Shell Asset Management stated it has 0.07% in Graphic Packaging Holding Company (NYSE:GPK). The Paperboard Mills segment includes the Company's North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.

But it's not just selling activity that is creating investor interest in GPK; over the last several weeks, several insiders have bought shares.

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