$0.79 dividends are now a reality for Packaging Corp of America (NYSE:PKG) shareholders. Here’s why.

June 13, 2018 - By Ellis Scott

Packaging Corporation of America (NYSE:PKG) LogoInvestors sentiment decreased to 0.95 in 2018 Q1. Its down 0.07, from 1.02 in 2017Q4. It dived, as 30 investors sold Packaging Corporation of America shares while 182 reduced holdings. 74 funds opened positions while 127 raised stakes. 78.67 million shares or 1.72% less from 80.05 million shares in 2017Q4 were reported.
Vaughan Nelson Investment Mngmt L P stated it has 172,050 shares or 0.24% of all its holdings. Fmr Ltd Limited Liability Company holds 0.01% of its portfolio in Packaging Corporation of America (NYSE:PKG) for 944,906 shares. Signaturefd Limited Liability has invested 0% in Packaging Corporation of America (NYSE:PKG). Mutual Of America Capital Limited Liability reported 42,948 shares. Hancock Com has invested 0.06% in Packaging Corporation of America (NYSE:PKG). Ifrah holds 0.17% or 4,252 shares in its portfolio. Raymond James Services Advsrs holds 0.01% of its portfolio in Packaging Corporation of America (NYSE:PKG) for 15,999 shares. Sumitomo Mitsui Asset owns 6,418 shares or 0.01% of their US portfolio. Eqis Cap Mngmt Inc owns 30,619 shares for 0.18% of their portfolio. Liberty Mutual Group Inc Asset Mgmt Inc reported 3,760 shares. State Board Of Administration Of Florida Retirement Systems holds 0.04% or 131,384 shares in its portfolio. Tocqueville Asset Mngmt L P invested in 3,509 shares or 0.01% of the stock. New Mexico Educational Retirement Board holds 9,000 shares or 0.04% of its portfolio. The Illinois-based First Tru Lp has invested 0.04% in Packaging Corporation of America (NYSE:PKG). Point72 Asset Mgmt Lp holds 0.12% or 249,717 shares.

Since June 5, 2018, it had 0 insider purchases, and 1 sale for $68,451 activity.

Packaging Corp of America (NYSE:PKG) is expected to pay $0.79 on Jul 13, 2018. Shareholders owning the stock before Jun 14, 2018 will be eligible to receive the payout. Based on Packaging Corp of America’s current price of $120.37, the dividend is 0.66 %. This dividend’s record date is Jun 15, 2018 and the announcement date is May 15, 2018. The stock decreased 2.62% or $3.24 during the last trading session, reaching $120.37. About 199,876 shares traded. Packaging Corporation of America (NYSE:PKG) has risen 17.55% since June 13, 2017 and is uptrending. It has outperformed by 4.98% the S&P500.

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company has market cap of $11.26 billion. The company's Packaging segment offers various corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products. It has a 17.03 P/E ratio. It also produces packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.

Packaging Corporation of America (NYSE:PKG) Ratings Coverage

Among 8 analysts covering Packaging Corp (NYSE:PKG), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Packaging Corp had 9 analyst reports since January 8, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, January 10 by Stephens. DA Davidson upgraded Packaging Corporation of America (NYSE:PKG) rating on Monday, February 12. DA Davidson has “Buy” rating and $135.0 target. The stock has “Neutral” rating by Citigroup on Thursday, April 5. As per Wednesday, January 31, the company rating was upgraded by Wells Fargo. BMO Capital Markets maintained the stock with “Buy” rating in Thursday, January 25 report. The stock of Packaging Corporation of America (NYSE:PKG) has “Hold” rating given on Friday, February 2 by KeyBanc Capital Markets. As per Monday, February 12, the company rating was maintained by Barclays Capital. The company was maintained on Monday, January 8 by Wells Fargo. The stock has “Buy” rating by Bank of America on Thursday, February 1.

More news for Packaging Corporation of America (NYSE:PKG) were recently published by: Investorplace.com, which released: “4 Notable Dividend Increases From the Past Week — Including Lam Research Corproation” on May 21, 2018. Seekingalpha.com‘s article titled: “STMicroelectronics Is Inexpensive – Cramer’s Lightning Round (6/1/18)” and published on June 04, 2018 is yet another important article.

Packaging Corporation of America (NYSE:PKG) Institutional Positions Chart

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