Packaging Corp Of America (NYSE:PKG) is RPg Family Wealth Advisory LLC’s 9th Largest Position

RPg Family Wealth Advisory LLC decreased its holdings in Packaging Corp Of America (NYSE:PKG) by 18.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,905 shares of the industrial products company’s stock after selling 8,325 shares during the quarter. Packaging Corp Of America comprises about 3.6% of RPg Family Wealth Advisory LLC’s portfolio, making the stock its 9th biggest position. RPg Family Wealth Advisory LLC’s holdings in Packaging Corp Of America were worth $4,347,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PKG. Toronto Dominion Bank lifted its holdings in shares of Packaging Corp Of America by 12.4% in the 2nd quarter. Toronto Dominion Bank now owns 1,158 shares of the industrial products company’s stock valued at $129,000 after buying an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Packaging Corp Of America by 84.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,451 shares of the industrial products company’s stock valued at $161,000 after buying an additional 665 shares during the period. Creative Planning lifted its holdings in shares of Packaging Corp Of America by 7.9% in the 2nd quarter. Creative Planning now owns 1,686 shares of the industrial products company’s stock valued at $188,000 after buying an additional 123 shares during the period. Perpetual Ltd purchased a new position in shares of Packaging Corp Of America in the 2nd quarter valued at about $201,000. Finally, CAPROCK Group Inc. purchased a new position in shares of Packaging Corp Of America in the 2nd quarter valued at about $211,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Thomas A. Hassfurther sold 6,000 shares of the company’s 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 sale, the vice president now owns 155,071 shares of the company’s stock, valued at $18,289,073.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Thomas W.H. Walton sold 6,027 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $116.15, for a total value of $700,036.05. Following the sale, the senior vice president now directly owns 32,690 shares in the company, valued at approximately $3,796,943.50. The disclosure for this sale can be found here. Insiders have sold 73,177 shares of company stock worth $2,135,172 over the last 90 days. 1.20% of the stock is owned by insiders.

Packaging Corp Of America (NYSE PKG) opened at $117.96 on Friday. Packaging Corp Of America has a twelve month low of $84.01 and a twelve month high of $120.75. The company has a market capitalization of $11,110.71, a P/E ratio of 20.66, a P/E/G ratio of 2.36 and a beta of 1.81. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.45 and a quick ratio of 1.49.

Packaging Corp Of America (NYSE:PKG) last released its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.68 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.01). Packaging Corp Of America had a return on equity of 29.38% and a net margin of 8.18%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the company earned $1.30 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. equities analysts anticipate that Packaging Corp Of America will post 5.99 EPS for the current fiscal year.

PKG has been the subject of several recent analyst reports. Deutsche Bank restated a “hold” rating and issued a $120.00 price target (up previously from $94.00) on shares of Packaging Corp Of America in a research note on Monday, October 9th. Stephens initiated coverage on Packaging Corp Of America in a research note on Tuesday, October 24th. They set an “overweight” rating and a $130.00 price objective for the company. BMO Capital Markets reiterated an “outperform” rating and set a $122.00 price objective (up from $118.00) on shares of Packaging Corp Of America in a research note on Tuesday, August 22nd. Barclays upped their price target on Packaging Corp Of America from $108.00 to $110.00 and gave the company an “equal weight” rating in a research report on Monday, October 30th. Finally, Zacks Investment Research upgraded Packaging Corp Of America from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research report on Thursday, October 12th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $117.36.

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Packaging Corp Of America 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.

Institutional Ownership by Quarter for Packaging Corp Of America (NYSE:PKG)

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