BlackRock Fund Advisors Raises Position in Graphic Packaging Holding Company (GPK)

BlackRock Fund Advisors Raises Position in Graphic Packaging Holding Company (GPK)

BlackRock Fund Advisors raised its position in shares of Graphic Packaging Holding Company (NYSE:GPK) by 2.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,293,870 shares of the company’s stock after buying an additional 76,201 shares during the period. BlackRock Fund Advisors owned approximately 1.04% of Graphic Packaging Holding Company worth $46,081,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Prudential Financial Inc. increased its position in Graphic Packaging Holding Company by 11.1% in the second quarter. Prudential Financial Inc. now owns 11,989 shares of the company’s stock worth $150,000 after buying an additional 1,200 shares in the last quarter. Teacher Retirement System of Texas increased its position in Graphic Packaging Holding Company by 13.6% in the second quarter. Teacher Retirement System of Texas now owns 45,713 shares of the company’s stock worth $573,000 after buying an additional 5,484 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in Graphic Packaging Holding Company by 2.2% in the second quarter. UBS Asset Management Americas Inc. now owns 265,444 shares of the company’s stock worth $3,329,000 after buying an additional 5,800 shares in the last quarter. Neuberger Berman Group LLC purchased a new position in Graphic Packaging Holding Company during the second quarter worth approximately $212,000. Finally, Wright Investors Service Inc. purchased a new position in Graphic Packaging Holding Company during the second quarter worth approximately $443,000. Institutional investors own 96.19% of the company’s stock.

Shares of Graphic Packaging Holding Company (NYSE:GPK) traded down 1.80% during midday trading on Friday, reaching $12.56. The company’s stock had a trading volume of 3,171,803 shares. The company has a 50-day moving average price of $12.73 and a 200-day moving average price of $13.30. Graphic Packaging Holding Company has a 12 month low of $10.79 and a 12 month high of $14.70. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 16.25 and a beta of 1.28.

A number of equities analysts recently commented on GPK shares. Jefferies Group LLC restated a “buy” rating and issued a $15.00 price objective (down previously from $16.00) on shares of Graphic Packaging Holding Company in a report on Friday, October 28th. Bank of America Corp upgraded Graphic Packaging Holding Company from a “neutral” rating to a “buy” rating in a report on Wednesday, December 7th. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) downgraded Graphic Packaging Holding Company from a “conviction-buy” rating to a “buy” rating in a report on Friday. Zacks Investment Research upgraded Graphic Packaging Holding Company from a “sell” rating to a “hold” rating in a report on Tuesday, December 20th. Finally, Royal Bank Of Canada started coverage on Graphic Packaging Holding Company in a report on Friday, September 30th. They issued an “outperform” rating and a $17.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $15.78.

About Graphic Packaging Holding Company

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, Flexible Packaging, and Corporate and Other.

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