The institutional investor owned 232,724 shares of the financial services provider's stock after buying an additional 10,474 shares during the period. Dimensional Fund Advisors LP owned about 0.70% of Packaging Corporation of America worth $59,999,000 at the end of the most recent reporting period. It improved, as 62 investors sold BAC shares while 560 reduced holdings. Iridian Asset Management LLC CT increased its stake in Packaging Corporation of America by 2,657.5% in the first quarter.
Endurance Wealth Management Inc increased Vanguard Small (VB) stake by 12,788 shares to 28,770 valued at $3.71M in 2016Q4. TCW Group Inc. now owns 845,400 shares of the financial services provider's stock worth $18,683,000 after buying an additional 91,300 shares during the period.
While looking at the Stock's Performance, Bank of America Corporation now shows a Weekly Performance of 1.57%, where Monthly Performance is -0.36%, Quarterly performance is 3.45%, 6 Months performance is 7.43% and yearly performance percentage is 74.03%. Finally, Capital Innovations LLC raised its position in shares of Packaging Corporation of America by 1.8% in the first quarter.
Oakbrook Investments LLC boosted its position in shares of Packaging Corporation of America (NYSE:PKG) by 73.6% during the second quarter, according to its most recent Form 13F filing with the SEC. Tortoise Investment Management LLC now owns 4,700 shares of the financial services provider's stock worth $104,000 after buying an additional 1,000 shares during the period.
Packaging Corporation of America (PKG) traded down 0.14% during mid-day trading on Wednesday, reaching $110.08. The company's stock had a trading volume of 53,210,566 shares.
Currently, the stock carries a price to earnings ratio of 19, a price to book ratio of 1.99, and a price to sales ratio of 0.2. The stock has a 50-day moving average of $24.01 and a 200 day moving average of $23.69.
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Bank of America Corporation (NYSE:BAC) last issued its quarterly earnings results on Tuesday, July 18th. The company reported the earnings of $0.46/Share in the last quarter where the estimated EPS by analysts was $0.43/share. Bank of America Corporation had a return on equity of 8.11% and a net margin of 20.28%. The business had revenue of $22.80 billion during the quarter, compared to analyst estimates of $21.84 billion. During the same period a year ago, the firm posted $0.41 EPS. Bridgeworth LLC bought a new stake in Bank of America Corporation during the fourth quarter worth $308,000. On average, analysts anticipate that Packaging Corporation of America will post $5.98 EPS for the current fiscal year.
Bank of America Corporation declared that its Board of Directors has approved a stock buyback plan on Wednesday, June 28th that permits the company to repurchase $12.00 billion in shares. Ecor1 Capital Llc sold 176,700 shares as the company's stock declined 9.11% while stock markets rallied.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, June 15th were paid a $0.63 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Wednesday, August 30th. Bank of America Corporation's payout ratio is presently 17.86%. These analysts have also projected a Low Estimate of $0.43/share and a High Estimate of $0.52/share. If you are reading this story on another publication, it was illegally copied and republished in violation of US and global copyright and trademark laws. The correct version of this news story can be accessed at https://weekherald.com/2017/08/03/harel-insurance-investments-financial-services-ltd-sells-90121-shares-of-bank-of-america-corporation-nysebac.html.
Endurance Wealth Management Inc decreased Bank Amer Corp Com (BAC) stake by 3.57% reported in 2016Q4 SEC filing. Citigroup Inc. upped their price target on Packaging Corporation of America from $106.00 to $112.00 and gave the stock a neutral rating in a research note on Friday, April 14th. Vetr downgraded Bank of America Corporation from a "strong-buy" rating to a "buy" rating and set a $26.28 price target on the stock.in a research note on Tuesday, May 2nd. Credit Suisse Group reissued a "buy" rating on shares of Bank of America Corporation in a research note on Sunday, June 4th. BidaskClub cut shares of Packaging Corporation of America from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 19th.
Among 18 analysts covering PepsiCo (NYSE:PEP), 9 have Buy rating, 0 Sell and 9 Hold. The company has an average rating of "Buy" and a consensus price target of $102.73.
WARNING: "Oakbrook Investments LLC Buys 3,090 Shares of Packaging Corporation of America (NYSE:PKG)" was originally posted by Sports Perspectives and is the property of of Sports Perspectives. The institutional investor owned 654,890 shares of the industrial products company's stock after selling 5,698 shares during the period. This repurchase authorization allows the financial services provider to buy up to 4.8% of its shares through open market purchases.