Schwab Charles Investment Management Inc. boosted its stake in shares of KapStone Paper and Packaging Corporation (NYSE:KS) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 534,283 shares of the basic materials company’s stock after buying an additional 5,984 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.55% of KapStone Paper and Packaging Corporation worth $11,023,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. National Asset Management Inc. lifted its holdings in shares of KapStone Paper and Packaging Corporation by 0.7% in the first quarter. National Asset Management Inc. now owns 10,095 shares of the basic materials company’s stock valued at $234,000 after purchasing an additional 75 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of KapStone Paper and Packaging Corporation by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 35,900 shares of the basic materials company’s stock valued at $741,000 after purchasing an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of KapStone Paper and Packaging Corporation by 1.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 24,180 shares of the basic materials company’s stock valued at $558,000 after purchasing an additional 240 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of KapStone Paper and Packaging Corporation by 1.3% in the first quarter. Arizona State Retirement System now owns 45,851 shares of the basic materials company’s stock valued at $1,059,000 after purchasing an additional 600 shares in the last quarter. Finally, Texas Permanent School Fund lifted its holdings in shares of KapStone Paper and Packaging Corporation by 1.0% in the second quarter. Texas Permanent School Fund now owns 64,308 shares of the basic materials company’s stock valued at $1,327,000 after purchasing an additional 607 shares in the last quarter. Institutional investors own 83.89% of the company’s stock.

KapStone Paper and Packaging Corporation (KS) opened at 21.49 on Friday. The company’s 50 day moving average is $22.29 and its 200 day moving average is $22.01. KapStone Paper and Packaging Corporation has a 52 week low of $17.06 and a 52 week high of $24.98. The stock has a market cap of $2.08 billion, a P/E ratio of 28.31 and a beta of 2.81.

KapStone Paper and Packaging Corporation (NYSE:KS) last released its earnings results on Wednesday, July 26th. The basic materials company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $822.70 million for the quarter, compared to the consensus estimate of $831.52 million. KapStone Paper and Packaging Corporation had a net margin of 2.39% and a return on equity of 11.26%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share. Equities analysts predict that KapStone Paper and Packaging Corporation will post $1.26 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Thursday, September 28th. KapStone Paper and Packaging Corporation’s dividend payout ratio (DPR) is currently 51.95%.

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In other news, VP Randy J. Nebel sold 10,000 shares of KapStone Paper and Packaging Corporation stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the transaction, the vice president now directly owns 47,404 shares of the company’s stock, valued at $1,137,696. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 13.09% of the company’s stock.

KS has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $27.00 price target on shares of KapStone Paper and Packaging Corporation in a report on Monday, August 21st. Zacks Investment Research raised shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Wednesday, July 19th. Vertical Research raised shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 3rd. BidaskClub downgraded shares of KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $28.00 price target on shares of KapStone Paper and Packaging Corporation in a report on Tuesday, July 18th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $26.29.

KapStone Paper and Packaging Corporation Company Profile

KapStone Paper and Packaging Corporation is a producer of containerboard and the kraft paper in North America. The Company operates through two segments: Paper and Packaging, and Distribution. The Paper and Packaging segment manufactures and sells a range of containerboard, corrugated products and specialty paper for industrial and consumer markets.

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Institutional Ownership by Quarter for KapStone Paper and Packaging Corporation (NYSE:KS)

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