Investors sold shares of Packaging Corporation of America (NYSE:PKG) on strength during trading on Monday. $12.78 million flowed into the stock on the tick-up and $60.30 million flowed out of the stock on the tick-down, for a money net flow of $47.52 million out of the stock. Of all companies tracked, Packaging Corporation of America had the 0th highest net out-flow for the day. Packaging Corporation of America traded up $0.34 for the day and closed at $116.22

Several research analysts have recently issued reports on the stock. BMO Capital Markets restated a “buy” rating and issued a $118.00 target price on shares of Packaging Corporation of America in a report on Friday, August 4th. Jefferies Group LLC set a $114.00 target price on shares of Packaging Corporation of America and gave the stock a “buy” rating in a report on Thursday, June 1st. BidaskClub upgraded shares of Packaging Corporation of America from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. KeyCorp assumed coverage on shares of Packaging Corporation of America in a report on Thursday, July 6th. They issued a “sector weight” rating on the stock. Finally, Zacks Investment Research upgraded shares of Packaging Corporation of America from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $107.90.

The company’s 50-day moving average is $111.39 and its 200 day moving average is $103.63. The stock has a market capitalization of $11.11 billion, a price-to-earnings ratio of 22.86 and a beta of 1.86.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.05. Packaging Corporation of America had a return on equity of 27.78% and a net margin of 8.05%. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the company earned $1.25 EPS. The business’s revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts forecast that Packaging Corporation of America will post $6.02 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 15th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Thursday, September 14th. Packaging Corporation of America’s payout ratio is 48.56%.

In other news, VP Thomas A. Hassfurther sold 6,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $117.94, for a total transaction of $707,640.00. Following the transaction, the vice president now owns 155,071 shares of the company’s stock, valued at approximately $18,289,073.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank lifted its stake in shares of Packaging Corporation of America by 12.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,158 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 128 shares during the last quarter. TrimTabs Asset Management LLC lifted its stake in shares of Packaging Corporation of America by 88.5% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,295 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 608 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Packaging Corporation of America by 84.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,451 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 665 shares during the last quarter. Creative Planning lifted its stake in shares of Packaging Corporation of America by 7.9% during the 2nd quarter. Creative Planning now owns 1,686 shares of the industrial products company’s stock worth $188,000 after purchasing an additional 123 shares during the last quarter. Finally, Atria Investments LLC purchased a new stake in shares of Packaging Corporation of America during the 2nd quarter worth $200,000. 88.18% of the stock is currently owned by institutional investors and hedge funds.

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Packaging Corporation of America Company Profile

Packaging Corporation of America (PCA) is a producer of containerboard products and uncoated freesheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment produces a range of corrugated packaging products. The Paper segment manufactures and sells a range of papers, including communication-based papers and pressure sensitive papers.

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