Texas Yale Capital Corp. Acquires 325 Shares of Packaging Corporation of America (PKG)

Texas Yale Capital Corp. raised its position in shares of Packaging Corporation of America (NYSE:PKG) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,027 shares of the industrial products company’s stock after buying an additional 325 shares during the period. Texas Yale Capital Corp.’s holdings in Packaging Corporation of America were worth $1,562,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Packaging Corporation of America by 8,719.3% in the first quarter. BlackRock Inc. now owns 13,344,341 shares of the industrial products company’s stock worth $1,222,607,000 after buying an additional 13,193,032 shares during the last quarter. Vanguard Group Inc. increased its stake in Packaging Corporation of America by 5.7% in the first quarter. Vanguard Group Inc. now owns 8,238,908 shares of the industrial products company’s stock worth $754,848,000 after buying an additional 445,345 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Packaging Corporation of America by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 4,097,547 shares of the industrial products company’s stock worth $456,426,000 after buying an additional 62,507 shares during the last quarter. Bank of America Corp DE increased its stake in Packaging Corporation of America by 9.8% in the first quarter. Bank of America Corp DE now owns 2,461,352 shares of the industrial products company’s stock worth $225,509,000 after buying an additional 219,410 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Packaging Corporation of America by 0.4% in the first quarter. Wells Fargo & Company MN now owns 2,363,589 shares of the industrial products company’s stock worth $216,553,000 after buying an additional 9,695 shares during the last quarter. 88.92% of the stock is currently owned by institutional investors.

Packaging Corporation of America (NYSE PKG) opened at 109.99 on Friday. Packaging Corporation of America has a one year low of $74.95 and a one year high of $114.31. The company has a market capitalization of $10.30 billion, a PE ratio of 21.19 and a beta of 1.86. The firm’s 50-day moving average is $110.42 and its 200 day moving average is $100.72.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.05. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.56 billion. Packaging Corporation of America had a net margin of 8.05% and a return on equity of 27.78%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 earnings per share. On average, equities analysts expect that Packaging Corporation of America will post $6.02 EPS for the current fiscal year.

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PKG has been the topic of a number of recent research reports. Barclays PLC decreased their price target on shares of Packaging Corporation of America from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Monday, May 1st. BidaskClub downgraded shares of Packaging Corporation of America from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. ValuEngine raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Wells Fargo & Company downgraded shares of Packaging Corporation of America from an “outperform” rating to a “market perform” rating in a research note on Monday, July 10th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Packaging Corporation of America from a “sell” rating to a “neutral” rating and upped their price target for the company from $105.00 to $111.00 in a research note on Thursday, July 13th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $102.73.

Packaging Corporation of America Company 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.