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.

Like this


24 October 2017
Randall Cobb catches two passes in Packers' Week 7 loss
Nelson, Randall Cobb, Davante Adams and Geronimo Allison were targeted 15 times and caught only six passes for 54 yards. The Green Bay Packers now have two weeks - fifteen days, actually - to analyze what went wrong and to fix it.

24 October 2017
Interpublic Group -5.4% as Q3 earnings miss, firm revises outlook
The firm has "Hold" rating by Cowen & Co given on Monday, July 17. (The) earned a daily sentiment score of 0.42 on Accern's scale. Jefferies Group LLC reiterated a "buy" rating and set a $26.00 price objective on shares of Interpublic Group of Companies, Inc.

24 October 2017
Moto X4 India price revealed in leaked image showing the retail box
Also, even if this leaked retail box reveals the MRP of Moto X4 as ₹23,999, the actual selling price might be lower. This device apparently has 4GB of RAM in association with 64GB of storage space and it has now been spotted online.

24 October 2017
Plans unveiled for Europe's first underwater restaurant
Construction is scheduled to start in February 2018, with the restaurant set to be completed in February/March 2019. It won World Architecture Awards for both the Oslo Opera House and Alexandria Library.

24 October 2017
Raat Baaki song from Sidharth Malhotra, Sonakshi Sinha's Ittefaq out
Along with Karan Johar, Shah Rukh Khan is also producing the film under his banner Red Chillies Entertainment. The movie is the remake of 1969 classic of the same name featuring legendary actor Rajesh Khanna.

24 October 2017
Donald Tusk: It is up to the United Kingdom how Brexit will end
Mrs May indicated to Parliament on Monday that she remained optimistic a deal could be agreed before March 2019. So, according to Tusk, the talks on Brexit could result in the decision to refuse British exit from the EU.

24 October 2017
Seagate Technology PLC (NASDAQ:STX) Expected To Report Earnings On Monday
COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by TrueBlueTribune and is owned by of TrueBlueTribune. On 10/23/2017 announced a quarterly dividend of $0.63 with an ex dividend date of which will be payable on 12/20/2017.

24 October 2017
Growth Analysis of Mondelez International, Inc. (NASDAQ:MDLZ)
The rating was maintained by Piper Jaffray on Monday, September 18 with "Buy". 1St Global invested in 0.09% or 17,898 shares. The stock of Mondelez International Inc (NASDAQ:MDLZ) has "Overweight" rating given on Tuesday, July 25 by PiperJaffray.

24 October 2017
Analysts Watch Energy Transfer Equity, LP (NYSE:ETE) And Issue New Targets
Marco Investment Management Llc decreased General Electric Co (GE) stake by 4.52% reported in 2017Q2 SEC filing. The Missouri-based Bush Odonnell Invest Advsrs has invested 0.4% in Energy Transfer Partners LP (NYSE:ETP).

24 October 2017
Gold Star family in Zebulon receives $25K check promised by Trump
The family said they view the check as a loan, and their plan is to pay Trump back as soon as the foundation can afford it. He was an American hero", Trump wrote in his letter to Baldridge.