Economy

$1.51 EPS Expected for Packaging Corporation of America (PKG)

Fifth Third National Bank & Trust, a Ohio-based fund reported 422,899 shares. Principal Fincl Gru has 0.08% invested in Packaging Corporation of America (NYSE:PKG) for 732,241 shares. Northwestern Mutual Wealth Management Co. boosted its position in shares of Packaging Corp Of America by 84.6% during the 2nd quarter. Packaging Corp now has $12.14 billion valuation. Toronto Dominion Bank now owns 1,158 shares of the industrial products company's stock worth $129,000 after purchasing an additional 128 shares in the last quarter. The company had a trading volume of 990,700 shares, compared to its average volume of 837,000. Packaging Corporation of America (NYSE:PKG) has risen 54.92% since January 10, 2017 and is uptrending. It has outperformed by 38.22% the S&P500. Zacks Investment Research raised KapStone Paper and Packaging from a "sell" rating to a "hold" rating in a research note on Wednesday. Diamondrock Hospitality Company had 42 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Monday, August 28 by Jefferies. The rating was initiated by Macquarie Research with "Neutral" on Tuesday, November 10. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 29.84 and a beta of 2.81. KapStone Paper and Packaging has a consensus rating of "Buy" and an average price target of $26.38. Following the completion of the sale, the senior vice president now owns 32,690 shares of the company's stock, valued at approximately $3,796,943.50. The firm has "Buy" rating given on Tuesday, October 18 by Bank of America.

Since August 14, 2017, it had 0 insider purchases, and 1 insider sale for $67,200 activity. Another trade for 52,500 shares valued at $4.41 million was made by LUTEK BEN on Thursday, October 26. The institutional investor acquired 2,920 shares of the industrial products company's stock, valued at approximately $335,000. FLWS's profit would be $56.87M giving it 3.24 P/E if the $0.88 EPS is correct. After $1.68 actual EPS reported by Packaging Corporation of America for the previous quarter, Wall Street now forecasts -10.12 % negative EPS growth.

Investors sentiment decreased to 1.33 in 2017 Q3. Its down 0.07, from 0.89 in 2017Q2. 34 funds opened positions while 112 raised stakes. California Public Employees Retirement Sys reported 12.19 million shares. Employees Retirement Of Texas has 0.01% invested in Packaging Corporation of America (NYSE:PKG). Invesco reported 0.01% in DiamondRock Hospitality Company (NYSE:DRH). They expect $1.51 EPS, up 22.76 % or $0.28 from last year's $1.23 per share. Chickasaw Capital Management Limited Liability Com reported 68,101 shares. Balyasny Asset Ltd Liability Com owns 1.40M shares. 78,381 were accumulated by Raymond James & Assocs. Cubist Systematic Strategies reported 16,770 shares or 0.11% of all its holdings. They expect $1.51 EPS, up 22.76% or $0.28 from last year's $1.23 per share. Bnp Paribas Arbitrage Sa invested in 182,408 shares. Brinker Cap Inc accumulated 61,023 shares. Renaissance Technology Lc invested in 113,000 shares or 0.02% of the stock. It also increased its holding in Disney Walt Co (NYSE:DIS) by 6,200 shares in the quarter, for a total of 96,400 shares, and has risen its stake in Cadence Design System Inc (NASDAQ:CDNS). SMITH ROGER C also sold $2.54M worth of Torchmark Corporation (NYSE:TMK) shares.

Packaging Corp Of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, October 25th. Therefore 40% are positive. Wells Fargo & Co reaffirmed a "market perform" rating and issued a $130.00 price objective (up from $115.00) on shares of Packaging Corp Of America in a research report on Monday. The company was upgraded on Thursday, July 13 by Goldman Sachs. Finally, Stephens assumed coverage on shares of Packaging Corp Of America in a research report on Tuesday, October 24th. The firm has "Buy" rating by Jefferies given on Wednesday, April 19. Deutsche Bank downgraded the shares of PKG in report on Friday, July 22 to "Hold" rating. The stock of Packaging Corporation of America (NYSE:PKG) earned "Buy" rating by Jefferies on Wednesday, August 16. Company insiders own 1.20% of the company's stock. The firm earned "Hold" rating on Monday, January 8 by Wells Fargo. The stock has "Overweight" rating by Barclays Capital on Friday, January 8. Wood maintained Torchmark Corporation (NYSE:TMK) on Monday, May 29 with "Hold" rating.

In other Packaging Corp Of America news, SVP Thomas W.H. Walton sold 6,027 shares of the stock in a transaction on Thursday, November 2nd.

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KapStone Paper and Packaging Corporation is engaged in the production of containerboard, corrugated products and specialty paper.

Profund Advisors Llc increased Sasol Ltd (NYSE:SSL) stake by 12,313 shares to 35,673 valued at $982,000 in 2017Q3. Vonage Hldgs Corp (NYSE:VG) was reduced too.

Van ECK Associates Corp increased its stake in shares of Packaging Corp Of America by 1.5% in the 2nd quarter. Its up 0.51, from 0.8 in 2017Q2. It improved, as 29 investors sold PKG shares while 146 reduced holdings. Meritage owns 87,657 shares for 0.69% of their portfolio. Jrm Investment Counsel Llc sold 248 shares as the company's stock 0.00%. Coldstream Capital Mngmt holds 0.04% of its portfolio in Packaging Corporation of America (NYSE:PKG) for 2,825 shares. Southeast Asset Advisors Inc. increased its stake in shares of Packaging Corp Of America by 0.3% in the 2nd quarter. Art Limited Liability Company has invested 0.03% in Torchmark Corporation (NYSE:TMK). Quantbot Technology Lp reported 6,903 shares. Public Employees Retirement Association Of Colorado has invested 0.02% of its portfolio in Packaging Corporation of America (NYSE:PKG). TMK's profit will be $142.01 million for 18.51 P/E if the $1.23 EPS becomes a reality. Comerica Securities Inc. now owns 9,420 shares of the industrial products company's stock valued at $1,055,000 after acquiring an additional 118 shares in the last quarter. Jlb Incorporated owns 85,546 shares. The Ontario - Canada-based Manufacturers Life Com The has invested 0.02% in Packaging Corporation of America (NYSE:PKG). During the same quarter in the prior year, the company earned $0.37 EPS. research analysts predict that KapStone Paper and Packaging Corp. will post 1.11 earnings per share for the current year.

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