Packaging Corp Of America (NYSE:PKG) Institutional Investors Quarterly Sentiment

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Sentiment for Packaging Corp Of America (NYSE:PKG)

Packaging Corp Of America (NYSE:PKG) institutional sentiment increased to 1.35 in Q1 2019. Its up 0.27, from 1.08 in 2018Q4. The ratio is better, as 229 hedge funds started new and increased stock positions, while 170 sold and reduced their stakes in Packaging Corp Of America. The hedge funds in our partner’s database reported: 80.49 million shares, up from 78.84 million shares in 2018Q4. Also, the number of hedge funds holding Packaging Corp Of America in their top 10 stock positions increased from 0 to 1 for an increase of 1. Sold All: 40 Reduced: 130 Increased: 154 New Position: 75.

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company has market cap of $9.39 billion. The companyÂ’s Packaging segment offers various corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging. It has a 11.87 P/E ratio. This segment also produces packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.

The stock decreased 2.24% or $2.27 during the last trading session, reaching $99.23. About 567,035 shares traded. Packaging Corporation of America (NYSE:PKG) has declined 9.14% since August 14, 2018 and is downtrending. It has underperformed by 9.14% the S&P500.

Analysts await Packaging Corporation of America (NYSE:PKG) to report earnings on October, 23. They expect $1.92 EPS, down 13.90 % or $0.31 from last year’s $2.23 per share. PKG’s profit will be $181.75 million for 12.92 P/E if the $1.92 EPS becomes a reality. After $2.04 actual EPS reported by Packaging Corporation of America for the previous quarter, Wall Street now forecasts -5.88 % negative EPS growth.

M.D. Sass Investors Services Inc. holds 3.13% of its portfolio in Packaging Corporation of America for 197,769 shares. Santa Barbara Asset Management Llc owns 1.80 million shares or 2.78% of their US portfolio. Moreover, Skba Capital Management Llc has 2.03% invested in the company for 127,150 shares. The Michigan-based Jlb & Associates Inc has invested 1.91% in the stock. Hamlin Capital Management Llc, a New York-based fund reported 414,874 shares.

Packaging Corporation of America (NYSE:PKG) Ratings Coverage

Ratings analysis reveals 33% of Packaging of America’s analysts are positive. Out of 3 Wall Street analysts rating Packaging of America, 1 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. The lowest target is $8900 while the high is $10900. The stock’s average target of $98.33 is -0.91% below today’s ($99.23) share price. PKG was included in 8 notes of analysts from March 23, 2019. Stephens downgraded the stock to “Equal-Weight” rating in Friday, April 26 report. The firm has “Buy” rating by UBS given on Monday, June 24. The stock of Packaging Corporation of America (NYSE:PKG) has “Underweight” rating given on Monday, July 15 by KeyBanc Capital Markets.

More notable recent Packaging Corporation of America (NYSE:PKG) news were published by: Finance.Yahoo.com which released: “Have Insiders Been Selling Packaging Corporation of America (NYSE:PKG) Shares This Year? – Yahoo Finance” on May 07, 2019, also Nasdaq.com with their article: “Response to Sealed Air’s Q2 (Almost) Makes SEE Stock a Top Bet – Nasdaq” published on August 06, 2019, Finance.Yahoo.com published: “What Makes Packaging Corporation of America (NYSE:PKG) A Great Dividend Stock? – Yahoo Finance” on June 08, 2019. More interesting news about Packaging Corporation of America (NYSE:PKG) were released by: Finance.Yahoo.com and their article: “A Close Look At Packaging Corporation of America’s (NYSE:PKG) 19% ROCE – Yahoo Finance” published on July 10, 2019 as well as Finance.Yahoo.com‘s news article titled: “Packaging Corp of America (PKG) Q2 2019 Earnings Call Transcript – Yahoo Finance” with publication date: July 25, 2019.

Packaging Corporation of America (NYSE:PKG) Institutional Positions Chart

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