IQ EQ FUND MANAGEMENT IRELAND Ltd Has $2.03 Million Stock Position in Graphic Packaging Holding Company $GPK

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its stake in shares of Graphic Packaging Holding Company (NYSE:GPK) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 96,320 shares of the industrial products company’s stock after selling 2,569 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Graphic Packaging were worth $2,029,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Concurrent Investment Advisors LLC grew its stake in shares of Graphic Packaging by 3.6% during the 1st quarter. Concurrent Investment Advisors LLC now owns 11,535 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 402 shares in the last quarter. Brooklyn Investment Group grew its stake in shares of Graphic Packaging by 69.9% during the 1st quarter. Brooklyn Investment Group now owns 1,065 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 438 shares in the last quarter. NorthRock Partners LLC grew its stake in shares of Graphic Packaging by 1.9% during the 1st quarter. NorthRock Partners LLC now owns 30,986 shares of the industrial products company’s stock worth $808,000 after acquiring an additional 563 shares in the last quarter. Xponance Inc. grew its stake in shares of Graphic Packaging by 1.8% during the 1st quarter. Xponance Inc. now owns 36,320 shares of the industrial products company’s stock worth $943,000 after acquiring an additional 630 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of Graphic Packaging by 4.8% during the 1st quarter. US Bancorp DE now owns 14,288 shares of the industrial products company’s stock worth $371,000 after acquiring an additional 649 shares in the last quarter. 99.67% of the stock is owned by institutional investors.

Insider Buying and Selling at Graphic Packaging

In other Graphic Packaging news, Director Philip R. Martens sold 7,015 shares of the firm’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $21.80, for a total transaction of $152,927.00. Following the completion of the sale, the director owned 26,811 shares of the company’s stock, valued at $584,479.80. This trade represents a 20.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joseph P. Yost sold 30,000 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $22.72, for a total value of $681,600.00. Following the sale, the executive vice president directly owned 255,203 shares of the company’s stock, valued at $5,798,212.16. This represents a 10.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 93,752 shares of company stock valued at $2,073,663 in the last ninety days. Insiders own 1.41% of the company’s stock.

Analysts Set New Price Targets

GPK has been the subject of several research reports. Wells Fargo & Company decreased their price target on shares of Graphic Packaging from $23.00 to $20.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 17th. Raymond James Financial cut shares of Graphic Packaging from an “outperform” rating to a “market perform” rating in a research note on Friday, October 17th. Royal Bank Of Canada cut shares of Graphic Packaging from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $25.00 to $21.00 in a research note on Thursday, October 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Graphic Packaging in a research note on Wednesday, October 8th. Finally, Bank of America reissued a “neutral” rating and issued a $24.00 target price on shares of Graphic Packaging in a research note on Thursday, October 9th. One analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $23.00.

Graphic Packaging Price Performance

NYSE:GPK opened at $17.26 on Wednesday. The firm has a fifty day simple moving average of $19.74 and a 200 day simple moving average of $21.65. Graphic Packaging Holding Company has a 1-year low of $16.94 and a 1-year high of $30.49. The stock has a market capitalization of $5.11 billion, a PE ratio of 9.75 and a beta of 0.74. The company has a current ratio of 1.43, a quick ratio of 0.56 and a debt-to-equity ratio of 1.68.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%.The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.13 billion. On average, research analysts expect that Graphic Packaging Holding Company will post 2.47 EPS for the current fiscal year.

Graphic Packaging Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Monday, September 15th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.44 annualized dividend and a yield of 2.5%. Graphic Packaging’s dividend payout ratio (DPR) is currently 24.86%.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.