Packaging Corp Amer (PKG) Shares Rose While Wbi Investments INC Lifted Holding

Lloyd Doyle
December 7, 2017

Smith Salley Associates owns 1.22% invested in Visa Inc. Van ECK Associates Corp now owns 2,302 shares of the industrial products company's stock valued at $256,000 after purchasing an additional 34 shares during the last quarter. About 520,935 shares traded. (NYSE:HP) has risen 4.51% since December 7, 2016 and is uptrending. It has underperformed by 12.19% the S&P500. Alphamark Advisors Llc sold 4,845 shares as Packaging Corp Of Amer (PKG)'s stock rose 4.29%.

Alphamark Advisors Llc decreased Packaging Corp Of Amer (PKG) stake by 10.7% reported in 2017Q2 SEC filing. The stock decreased 0.36% or $0.42 during the last trading session, reaching $117.34. Packaging Corporation of America (NYSE:PKG) has risen 54.92% since December 5, 2016 and is uptrending. It has outperformed by 38.22% the S&P500. More interesting news about Packaging Corporation of America (NYSE:PKG) were released by: Reuters.com and their article: "BRIEF-Packaging Corporation of America announces agreement to acquire ..." published on August 21, 2017 as well as Businesswire.com's news article titled: "Packaging Corporation of America Announces Agreement to Acquire Sacramento ..." with publication date: August 21, 2017. It also reduced its holding in Hasbro Inc (NASDAQ:HAS) by 27,163 shares in the quarter, leaving it with 52,772 shares, and cut its stake in Time Warner Inc (NYSE:TWX).

Investors sentiment decreased to 0.8 in 2017 Q2. Its down 0.38, from 1.18 in 2017Q1. It dropped, as 43 investors sold PKG shares while 167 reduced holdings. Southeast Asset Advisors Inc. raised its position in shares of Packaging Corp Of America by 0.3% during the 2nd quarter.

Packaging Corp Of America (NYSE:PKG) traded down $0.42 during trading hours on Thursday, hitting $117.34. Northern Trust holds 0.03% of its portfolio in Packaging Corporation of America (NYSE:PKG) for 1.08 million shares. Artemis Invest Management Llp has 0.21% invested in Packaging Corporation of America (NYSE:PKG) for 75,800 shares.


Packaging Corp Of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, October 25th.

Federated Investors Inc decreased Packaging Corp Amer (PKG) stake by 6.19% reported in 2017Q2 SEC filing. Ifrah Financial Ser holds 0.18% of its portfolio in Packaging Corporation of America (NYSE:PKG) for 4,156 shares. The stock was sold at an average price of $117.94, for a total value of $707,640.00. Chemical Commercial Bank holds 0.23% or 19,133 shares. Ropes Wealth Advisors LLC now owns 3,969 shares of the industrial products company's stock valued at $442,000 after purchasing an additional 69 shares during the last quarter. Ent accumulated 86 shares or 0% of the stock. 80,253 are held by Sei Co. Cornerstone Advsrs, a Washington-based fund reported 423 shares. New York State Common Retirement Fund invested in 251,955 shares. Atria Llc invested 0.01% of its portfolio in Packaging Corporation of America (NYSE:PKG). Zacks Investment Research downgraded Packaging Corp Of America from a "buy" rating to a "hold" rating in a research report on Monday, October 30th. Therefore 40% are positive. Packaging Corp Of America has a 1-year low of $62.41 and a 1-year high of $103.75. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company was maintained on Thursday, June 1 by Jefferies. The firm earned "Buy" rating on Wednesday, August 2 by BMO Capital Markets. As per Tuesday, August 22, the company rating was maintained by Robert W. Baird. The firm has "Hold" rating by KeyBanc Capital Markets given on Sunday, October 29. The stock has "Underperform" rating by Macquarie Research on Monday, January 25. The rating was downgraded by CLSA on Wednesday, February 1 to "Outperform". The firm has "Outperform" rating by Wedbush given on Friday, January 20. The company was maintained on Thursday, April 13 by Jefferies.

More important recent Helmerich & Payne, Inc. 123 funds opened positions while 564 raised stakes. Commonwealth Of Pennsylvania Pub School Empls Retrmt System stated it has 13,749 shares. Northwestern Mutual Wealth Management Co. now owns 1,451 shares of the industrial products company's stock valued at $161,000 after acquiring an additional 665 shares during the last quarter. (NYSE:HP) or 16,797 shares. Mraz Amerine And Assocs owns 36,400 shares or 0.62% of their United States portfolio. It also upped Walgreens Boots Alliance Inc stake by 36,773 shares and now owns 407,565 shares. Commerce National Bank invested 0% of its portfolio in Helmerich & Payne, Inc. Capstone Asset Mngmt accumulated 11,388 shares. Bnp Paribas Arbitrage holds 155,288 shares or 0.05% of its portfolio. Corporate insiders own 1.20% of the company's stock. First Mercantile Tru has 3,420 shares. Cap Intll Ca reported 3,200 shares. 132,700 are held by Alpine Woods Invsts Limited Liability Company. Stephens started coverage on Packaging Corp Of America in a research report on Tuesday, October 24th. The firm has "Neutral" rating by Buckingham Research given on Monday, July 18. As per Friday, March 11, the company rating was downgraded by Goldman Sachs. Finally, KeyCorp reiterated a "hold" rating on shares of Packaging Corp Of America in a research note on Wednesday, October 18th. The stock of Helmerich & Payne, Inc.

In other Packaging Corp Of America news, VP Thomas A. Hassfurther sold 6,000 shares of the stock in a transaction on Tuesday, September 12th.

Other reports by Iphone Fresh

Discuss This Article

FOLLOW OUR NEWSPAPER