Packaging Corp Of America (PKG) : Coyle Financial Counsel scooped up 415 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 Jul 25, 2016. The investment management firm now holds a total of 22,480 shares of Packaging Corp Of America which is valued at $1,687,798.Packaging Corp Of America makes up approximately 2.35% of Coyle Financial Counsel’s portfolio.
Other Hedge Funds, Including , Louisiana State Employees Retirement System reduced its stake in PKG by selling 1,100 shares or 4.21% in the most recent quarter. The Hedge Fund company now holds 25,000 shares of PKG which is valued at $1,877,000. Packaging Corp Of America makes up approx 0.10% of Louisiana State Employees Retirement System’s portfolio.Ls Investment Advisors boosted its stake in PKG in the latest quarter, The investment management firm added 2,650 additional shares and now holds a total of 9,398 shares of Packaging Corp Of America which is valued at $698,647. Packaging Corp Of America makes up approx 0.05% of Ls Investment Advisors’s portfolio.Naples Global Advisors reduced its stake in PKG by selling 347 shares or 1.18% in the most recent quarter. The Hedge Fund company now holds 29,013 shares of PKG which is valued at $2,059,343. Packaging Corp Of America makes up approx 0.83% of Naples Global Advisors’s portfolio.Curian Capital reduced its stake in PKG by selling 11,754 shares or 63.9% in the most recent quarter. The Hedge Fund company now holds 6,640 shares of PKG which is valued at $465,730. Packaging Corp Of America makes up approx 0.03% of Curian Capital’s portfolio.
Packaging Corp Of America closed down -0.23 points or -0.31% at $74.69 with 7,12,171 shares getting traded on Friday. Post opening the session at $74.67, the shares hit an intraday low of $74.08 and an intraday high of $75 and the price fluctuated in this range throughout the day.Shares ended Friday 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.