Skylands Capital LLC cut its ownership in Graphic Packaging Holding by 15.4% during the third quarter, as stated in the most recent Form 13F filing that Graphic Packaging Holding Company submitted to the Securities and Exchange Commission. The document was submitted using the name of the company. The fund had 178,050 shares of the company’s stock at the end of the period, having sold 32,350 shares of the industrial products company’s stock. Skylands Capital LLC held $3.515,000 worth of Graphic Packaging stock at the end of the most recent fiscal quarter. This value is equivalent to 0.06% of the company.
Several other institutional investors and hedge funds have been active buyers and sellers of GPK shares over the past few months. During the second quarter, Captrust Financial Advisors achieved a 5.8 percent increase in the proportion of Graphic Packaging stock it owned. Captrust Financial Advisors now has a total of 11,071 shares of stock in the industrial goods business, which are worth a combined total of $228,000 after purchasing an additional 606 shares during the period in question. During the second quarter, Assetmark Inc. grew the proportion of Graphic Packaging stock owned by 79.1%. Assetmark Inc. currently holds a total of 1,641 shares of the industrial goods company’s stock, valued at $34,000. This is after the company made an additional purchase of 725 shares during the most recent quarter. American International Group Inc. increased the amount of Graphic Packaging stock owned by 21.6% over the second quarter of the fiscal year. American International Group Inc. now has a total of 4,414 shares of the industrial products company’s stock, which are worth $90,000. This was achieved after the company made an additional investment of 783 shares in the company’s stock during the most recent quarter. The Great West Life Assurance Company of Canada increased the proportion of graphic packaging stock owned by 3.2% over the first three months of 2018. Great West Life Assurance Co. now has a total of 25,660 shares of the stock of the industrial products company in its possession. These shares have a value of $547,000 and were acquired by the company after the most recent quarter by purchasing 792 additional shares.
Last but not least, during the period covered by the report for the second quarter, First Hawaiian Bank increased the amount of Graphic Packaging stock owned by 7.4%. This was an important accomplishment. As a result, First Hawaiian Bank now has 13,486 shares of the industrial goods business, worth a combined sum of $276,000, after purchasing an additional 930 shares during the most recent quarter. These shares were purchased for a total price of $276,000. First Hawaiian Bank had acquired 13,486 shares earlier in the previous quarter. The vast majority of the company’s stock is owned by large financial institutions, which account for 94.47% of the total.
Several analysts have each presented their unique perspectives on the GPK stock over recent events. On Wednesday, October 26, Raymond James released a research note in which they increased their price target for Graphic Packaging from $26.00 to $27.00 and gave the company a “strong-buy” rating. In addition, Raymond James established a price target for the company. Mizuho increased their price target on Graphic Packaging from $28.00 to $29.00 in a research note published on Wednesday, October 26. In addition to that, they recommended purchasing shares of the company. In a research report distributed on Thursday, October 13, Bank of America stated that the price objective that the financial institution has set for Graphic Packaging shares has decreased from $27.00 to $25.00. The Royal Bank of Canada increased its price target on shares of Graphic Packaging from $30.00 to $31.00. It maintained an “outperform” rating on the stock in a report published on Wednesday, October 26. On Wednesday, October 12, StockNews.com published a story that