Packaging Corp Of America (NYSE:PKG) Institutional Investor Positioning

Bruno Cirelli
Agosto 10, 2017

Artemis Investment Management Llp downsized its holdings by shedding 1,400 shares a decrease of 1.8% in the quarter. Duff Phelps Investment invested in 122,493 shares. The stock decreased 0.20% or $0.16 during the last trading session, reaching $77.92. The company had a trading volume of 192,227 shares. It has outperformed by 10.74% the S&P500. Gulf International Bank UK Ltd increased its stake in shares of Packaging Corporation of America by 1.3% in the first quarter. First Manhattan Co. now owns 5,550 shares of the industrial products company's stock valued at $450,000 after buying an additional 21 shares during the last quarter. On November 22 the company was set at "Hold" according to a Deutsche Bank report a cut from the previous "Buy" rating. Packaging Corporation of America had a net margin of 8.05% and a return on equity of 27.78%.

Among 10 analysts covering Bancolombia S.A. Therefore 71% are positive. Microsoft Corporation had 104 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was downgraded by Goldman Sachs on Tuesday, March 29 to "Neutral".

PKG has been the topic of a number of research reports. The company was maintained on Thursday, August 3 by Deutsche Bank. The rating was downgraded by JP Morgan to "Neutral" on Wednesday, October 28. On Friday, July 14 the stock rating was maintained by Jefferies with "Buy". The firm has "Overweight" rating by Barclays Capital given on Thursday, July 14.'s article titled: "Bancolombia Is Irrationally Valued And Offers Considerable Upside" and published on November 17, 2015 is yet another important article. The institutional investor held 150,754 shares of the containers and packaging company at the end of 2016Q4, valued at $12.79 million, down from 229,087 at the end of the previous reported quarter.

As of the end of the quarter Oppenheimer Asset Management Inc. had bought 4,334 shares growing its position 21.5%. Chicago Equity Partners LLC boosted its stake in shares of Packaging Corporation of America by 45.6% in the second quarter.

Packaging Corporation of America (NYSE:PKG) was downgraded by investment analysts at Wells Fargo & Company from an "outperform" rating to a "market perform" rating in a research report issued on Monday, July 10th, reports. Finally, Barclays PLC decreased their price objective on shares of Packaging Corporation of America from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Monday, May 1st. Wells Fargo downgraded Packaging Corp Of America (NYSE:PKG) on Monday, July 10 to "Market Perform" rating. As per Friday, July 14, the company rating was maintained by Jefferies. Finally, KeyCorp began coverage on shares of Packaging Corporation of America in a research report on Thursday, July 6th. The company was downgraded on Wednesday, February 1 by CLSA. The stock has an average rating of Buy and an average price target of $102.73.

06/28/2017 - Packaging Corporation of America had its "outperform" rating reiterated by analysts at BMO Capital Markets. The company was upgraded on Wednesday, January 25 by BMO Capital Markets. Packaging Corp Of America (NYSE:PKG) has risen 54.92% since August 8, 2016 and is uptrending.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. The ex-dividend date of this dividend was Tuesday, June 13th.

Investors sentiment increased to 1.1 in Q4 2016. Its up 0.05, from 1.05 in 2016Q3. It dived, as 26 investors sold Gogo Inc shares while 36 reduced holdings. Sold All: 30 Reduced: 155 Increased: 140 New Position: 63. State Common Retirement Fund accumulated 222,900 shares. Alley Comm Ltd Liability Corporation holds 7,227 shares. Strs Ohio stated it has 1,373 shares.

Chapter Iv Investors Llc holds 10.58% of its portfolio in Packaging Corp Of America for 335,200 shares. 3,468 were accumulated by Commerzbank Aktiengesellschaft Fi. Fred Alger reported 148,135 shares stake.

Want to see what other hedge funds are holding PKG? Ancora Lc reported 1,327 shares. Brandywine Investment Mngmt Limited Liability Co has invested 0.06% in Packaging Corp Of America (NYSE:PKG).

The company is now up since yesterday's close of $109.62. Japan-based Tokio Marine Asset Mngmt has invested 0.21% in Dominion Energy Inc (NYSE:D). Mayo Invest Advisers Llc has invested 0.26% in Packaging Corp Of America (NYSE:PKG). Southeast Asset Advisors holds 0.11% or 4,023 shares in its portfolio. "Has $43.18 Million Position in Packaging Corporation of America (NYSE:PKG)" was first reported by Transcript Daily and is the property of of Transcript Daily.

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