A Director at Packaging Corp (PKG) is Selling Shares


Today, a Director at Packaging Corp (NYSE: PKG), Paul Stecko, sold shares of PKG for $68.45K.

Following Paul Stecko’s last PKG Sell transaction on February 20, 2014, the stock climbed by 56.7%. In addition to Paul Stecko, one other PKG executive reported Sell trades in the last month.

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Based on Packaging Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.69 billion and quarterly net profit of $139 million. In comparison, last year the company earned revenue of $1.54 billion and had a net profit of $116 million. PKG’s market cap is $11.42B and the company has a P/E ratio of 16.59. Currently, Packaging Corp has an average volume of 224.2K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $125.00, reflecting a -2.8% downside.

In the last 30 days, insiders have sold $68.45K worth of PKG shares and purchased $156.4K worth of PKG shares. The insider sentiment on Packaging Corp has been positive according to 39 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Packaging Corp. of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers.

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