Stock is down at $22.36 (KS) KapStone Paper And Packaging To Release…

Alain Brian
Juillet 17, 2017

Finally, PNC Financial Services Group Inc. boosted its position in shares of KapStone Paper and Packaging Corporation by 389.6% in the first quarter. BlackRock Inc. now owns 13,344,341 shares of the industrial products company's stock valued at $1,222,607,000 after buying an additional 13,193,032 shares in the last quarter. Bronfman E.L. Rothschild L.P. now owns 2,150 shares of the industrial products company's stock valued at $197,000 after buying an additional 231 shares during the last quarter. Flinton Capital Management LLC boosted its position in shares of KapStone Paper and Packaging Corporation by 7.9% in the first quarter. In the last earnings report the EPS was $0.77 and is expected to be $1.32 for the current year with 96,792,000 shares now outstanding. State Board of Administration of Florida Retirement System raised its position in Packaging Corporation of America by 2.7% in the fourth quarter. Institutional investors own 88.30% of the company's stock. PA raised its position in Packaging Corporation of America by 332.7% in the fourth quarter. State of Alaska Department of Revenue now owns 9,750 shares of the basic materials company's stock valued at $225,000 after buying an additional 240 shares in the last quarter.

Other institutional investors have also recently bought and sold shares of the company.

KapStone Paper and Packaging Corporation (KS) opened at 22.36 on Monday.

Company shares last traded at $22.36 just above $21.05, the 50 day moving average and which is marginally higher than the 200 day moving average of $22.30.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings data on Wednesday, April 26th. The basic materials company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.22 by $0.07. KapStone Paper and Packaging Corporation had a return on equity of 11.18% and a net margin of 2.45%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter past year, the business posted $1.11 EPS. The firm's quarterly revenue was up 9.7% compared to the same quarter previous year. Next quarter's EPS is estimated at $0.47 with next year's EPS projected to be $1.75.

The company also declared a dividend for shareholders paid on Wednesday the 12th of July 2017. This represents a $2.52 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Tuesday, June 13th. KapStone Paper and Packaging Corporation's dividend payout ratio (DPR) is 51.28%.

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KS has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Packaging Corporation of America from a "sell" rating to a "hold" rating in a research report on Tuesday, July 11th. BidaskClub downgraded shares of KapStone Paper and Packaging Corporation from a "buy" rating to a "hold" rating in a research note on Saturday, July 8th. BidaskClub cut KapStone Paper and Packaging Corporation from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 24th. Finally, Royal Bank Of Canada reissued a "buy" rating on shares of KapStone Paper and Packaging Corporation in a research note on Friday, April 28th.

In the market the company is trading down by -0.27% since yesterday's close of $22.42.

On September 23 the stock rating was upgraded from "Hold" to "Outperform" by Deutsche Bank. On September 16, 2016 the stock rating was rated "Hold" by Standpoint Research down from the previous "Buy" rating.

In other news, Director David P. Storch purchased 5,000 shares of the company's stock in a transaction that occurred on Thursday, May 18th. Following the completion of the purchase, the director now owns 45,127 shares of the company's stock, valued at approximately $902,540. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The stock was sold at an average price of $21.23, for a total value of $265,035.32. Following the transaction, the director now directly owns 1,178,915 shares in the company, valued at $25,028,365.45. The disclosure for this purchase can be found here.

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.

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