Packaging Corp Of America (PKG) : Ghp Investment Advisors scooped up 763 additional shares in Packaging Corp Of America during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 32,203 shares of Packaging Corp Of America which is valued at $2,384,310.Packaging Corp Of America makes up approximately 0.46% of Ghp Investment Advisors’s portfolio.
Other Hedge Funds, Including , Swiss National Bank boosted its stake in PKG in the latest quarter, The investment management firm added 12,200 additional shares and now holds a total of 264,300 shares of Packaging Corp Of America which is valued at $19,568,772. Packaging Corp Of America makes up approx 0.03% of Swiss National Bank’s portfolio.Nikko Asset Management Americas boosted its stake in PKG in the latest quarter, The investment management firm added 3,700 additional shares and now holds a total of 11,100 shares of Packaging Corp Of America which is valued at $818,958. Packaging Corp Of America makes up approx 0.08% of Nikko Asset Management Americas’s portfolio.First Quadrant L Pca boosted its stake in PKG in the latest quarter, The investment management firm added 291,900 additional shares and now holds a total of 353,200 shares of Packaging Corp Of America which is valued at $26,059,096. Packaging Corp Of America makes up approx 0.55% of First Quadrant L Pca’s portfolio. Bank Of Stockton added PKG to its portfolio by purchasing 3,025 company shares during the most recent quarter which is valued at $212,174. Packaging Corp Of America makes up approx 0.11% of Bank Of Stockton’s portfolio. Mazama Capital Management Inc sold out all of its stake in PKG during the most recent quarter. The investment firm sold 152 shares of PKG which is valued $10,661.
Packaging Corp Of America closed down -0.01 points or -0.01% at $74.62 with 7,07,044 shares getting traded on Monday. Post opening the session at $74.48, the shares hit an intraday low of $74.11 and an intraday high of $75.13 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Packaging Corp Of America reported $1.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $1.18. The company had revenue of $1417.40 million for the quarter, compared to analysts expectations of $1455.32 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.18 EPS.
Many Wall Street Analysts have commented on Packaging Corp Of America. Company shares were Reiterated by Barclays on Jul 25, 2016 to “Overweight”, Firm has raised the Price Target to $ 81 from a previous price target of $71 .Packaging Corp Of America was Downgraded by Buckingham Research to ” Neutral” on Jul 18, 2016.
Packaging Corporation of America (PCA) is a producer of containerboard and white papers. The Company operates eight mills and 99 corrugated products manufacturing plants. The Companys operations are primarily in the United States and it has converting operations in Europe Mexico and Canada. The Company operates through three segments: Packaging Paper and Corporate and Other. The Companys corrugated products manufacturing plants produce a variety of corrugated packaging products including shipping containers used to protect and transport manufactured goods multi-color boxes and displays. It manufactures its Packaging products at five containerboard mills one containerboard machine corrugated manufacturing operations and protective packaging operations. Its Paper segment manufactures and sells white papers. Its Corporate and Other segment includes corporate support staff services and related assets and liabilities and foreign exchange gains and losses.