Packaging Corp Of America SVP Thomas W.H. Walton Sells 10,144 Shares (PKG)
Packaging Corp Of America (NYSE:PKG) SVP Thomas W.H. Walton unloaded 10,144 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $66.94, for a total value of $679,039.36. Following the completion of the transaction, the senior vice president now directly owns 47,142 shares in the company, valued at approximately $3,155,685. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Packaging Corp Of America (NYSE:PKG) traded up 0.25% during mid-day trading on Wednesday, hitting $67.24. 503,026 shares of the company’s stock traded hands. Packaging Corp Of America has a 52-week low of $51.85 and a 52-week high of $75.10. The stock has a 50-day moving average of $66.91 and a 200-day moving average of $68.99. The company has a market cap of $6.533 billion and a P/E ratio of 13.19.
Packaging Corp Of America (NYSE:PKG) last released its earnings data on Monday, July 21st. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.05. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 83.5% on a year-over-year basis. Analysts expect that Packaging Corp Of America will post $4.66 EPS for the current fiscal year.
A number of analysts have recently weighed in on PKG shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Packaging Corp Of America in a research note on Wednesday, July 30th. They now have a $79.00 price target on the stock, up previously from $77.00. Separately, analysts at Barclays raised their price target on shares of Packaging Corp Of America from $68.00 to $72.00 in a research note on Wednesday, July 23rd. They now have an “equal weight” rating on the stock. Finally, analysts at Credit Agricole upgraded shares of Packaging Corp Of America from an “underperform” rating to a “buy” rating in a research note on Wednesday, July 23rd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Packaging Corp Of America has a consensus rating of “Buy” and an average price target of $71.33.
Packaging Corporation of America is a producer of containerboard in the United States. The Company’s corrugated products manufacturing plants produce a variety of corrugated packaging products, including conventional shipping containers used to protect and transport manufactured goods, multi-color boxes and displays.
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