November 29, 2016 - By Pete Kolinski · 0 Comments
Packaging Corp Of America (NYSE:PKG) institutional sentiment decreased to 1.05 in Q2 2016. Its down -0.31, from 1.36 in 2016Q1. The ratio dived, as 206 institutional investors increased and started new stock positions, while 151 sold and reduced their holdings in Packaging Corp Of America. The institutional investors in our partner’s database reported: 78.73 million shares, down from 83.40 million shares in 2016Q1. Also, the number of institutional investors holding Packaging Corp Of America in their top 10 stock positions decreased from 5 to 3 for a decrease of 2. Sold All: 32 Reduced: 119 Increased: 140 New Position: 66.
Packaging Corporation of America is a producer of containerboard and corrugated packaging products, and uncoated free sheet. The company has a market cap of $8.04 billion. The Firm operates through three divisions: Packaging, Paper, and Corporate and Other. It has a 18.35 P/E ratio. The Firm operates over eight mills and approximately 90 corrugated products manufacturing plants.
The stock closed at $85.4 during the last session. It is down 29.53% since April 26, 2016 and is uptrending. It has outperformed by 24.27% the S&P500.
Analysts await Packaging Corp Of America (NYSE:PKG) to report earnings on January, 23. They expect $1.16 EPS, up 7.41% or $0.08 from last year’s $1.08 per share. PKG’s profit will be $109.21M for 18.41 P/E if the $1.16 EPS becomes a reality. After $1.30 actual EPS reported by Packaging Corp Of America for the previous quarter, Wall Street now forecasts -10.77% negative EPS growth.
According to Zacks Investment Research, “Packaging Corp. of America is one of the largest producers of containerboard in the United States and also one of the largest manufacturers of corrugated packaging products. The company produces corrugated containers as well as the containerboard used to manufacture corrugated containers. Corrugated containers are the most commonly used type of paper packaging. Corrugated containers, referred to as cardboard boxes, are made by combining multiple layers of heavyweight paper known as containerboard and fabricating them into finished boxes.”
Chapter Iv Investors Llc holds 13.92% of its portfolio in Packaging Corp Of America for 625,000 shares. 12Th Street Asset Management Company Llc owns 231,860 shares or 6.15% of their US portfolio. Moreover, Capital Innovations Llc has 3.87% invested in the company for 19,839 shares. The Pennsylvania-based Rockshelter Capital Management Llc has invested 3.67% in the stock. Alphamark Advisors Llc, a Kentucky-based fund reported 53,087 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 2 selling transactions for $744,490 net activity.
Ratings analysis reveals 36% of Packaging Corporation of America’s analysts are positive. Out of 11 Wall Street analysts rating Packaging Corporation of America, 4 give it “Buy”, 2 “Sell” rating, while 5 recommend “Hold”. The lowest target is $59 while the high is $82. The stock’s average target of $73.40 is -14.05% below today’s ($85.4) share price. PKG was included in 25 notes of analysts from July 23, 2015. Macquarie Research downgraded the stock to “Underperform” rating in Monday, January 25 report. The stock of Packaging Corp Of America (NYSE:PKG) earned “Outperform” rating by BMO Capital Markets on Thursday, July 23. Bank of America upgraded Packaging Corp Of America (NYSE:PKG) on Tuesday, October 18 to “Buy” rating. Macquarie Research initiated Packaging Corp Of America (NYSE:PKG) on Tuesday, November 10 with “Neutral” rating. The company was downgraded on Friday, July 22 by Deutsche Bank. The rating was downgraded by BMO Capital Markets on Tuesday, November 15 to “Market Perform”. Bank of America downgraded Packaging Corp Of America (NYSE:PKG) on Tuesday, September 15 to “Neutral” rating. The stock of Packaging Corp Of America (NYSE:PKG) has “Neutral” rating given on Monday, July 18 by Buckingham Research. As per Wednesday, August 10, the company rating was maintained by Deutsche Bank. The company was downgraded on Monday, January 25 by Citigroup.
Packaging Corporation of America (PCA), incorporated on January 25, 1999, is a producer of containerboard and corrugated packaging products, and uncoated free sheet. The Firm operates through three divisions: Packaging, Paper, and Corporate and Other. The Firm operates over eight mills and approximately 90 corrugated products manufacturing plants. It operates primarily in the United States and has converting and distribution activities in Canada.
More notable recent Packaging Corp Of America (NYSE:PKG) news were published by: Fool.com which released: “Packaging Corporation of America Downgraded: What You Need to Know” on November 15, 2016, also Dailyherald.com with their article: “Packaging Corporation of America acquires Columbus Container” published on October 12, 2016, Reuters.com published: “BRIEF-Packaging Corp Of America to acquire Columbus Container Inc” on October 11, 2016. More interesting news about Packaging Corp Of America (NYSE:PKG) were released by: Businesswire.com and their article: “Packaging Corporation of America Announces Agreement to Acquire TimBar Corporation” published on July 06, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Packaging Corp of America to acquire Timbar Corp” with publication date: July 06, 2016.
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By Pete Kolinski