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Packaging of America (PKG) Forms $118.34 Double Top; Middleton & Co Has Increased Citigroup (C) Stake By $471,900

Packaging Corporation of America (PKG) formed double top with $125.44 target or 6.00% above today’s $118.34 share price. Packaging Corporation of America (PKG) has $11.08B valuation. The stock increased 0.32% or $0.38 during the last trading session, reaching $118.34. About 592,522 shares traded. Packaging Corporation of America (NYSE:PKG) has risen 54.92% since December 10, 2016 and is uptrending. It has outperformed by 38.22% the S&P500.

Middleton & Co Inc increased Citigroup Inc (C) stake by 14.77% reported in 2017Q2 SEC filing. Middleton & Co Inc acquired 7,150 shares as Citigroup Inc (C)’s stock rose 1.55%. The Middleton & Co Inc holds 55,547 shares with $3.72M value, up from 48,397 last quarter. Citigroup Inc now has $200.18 billion valuation. The stock increased 0.97% or $0.73 during the last trading session, reaching $75.71. About 12.46M shares traded. Citigroup Inc. (NYSE:C) has risen 35.60% since December 10, 2016 and is uptrending. It has outperformed by 18.90% the S&P500.

Among 15 analysts covering Packaging Corporation of America (NYSE:PKG), 6 have Buy rating, 1 Sell and 8 Hold. Therefore 40% are positive. Packaging Corporation of America has $130 highest and $59 lowest target. $92.36’s average target is -21.95% below currents $118.34 stock price. Packaging Corporation of America had 49 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Equal Weight” rating given on Monday, October 26 by Barclays Capital. The firm has “Hold” rating by KeyBanc Capital Markets given on Monday, September 11. KeyBanc Capital Markets maintained the stock with “Hold” rating in Wednesday, November 15 report. On Tuesday, November 22 the stock rating was downgraded by Deutsche Bank to “Hold”. The rating was upgraded by BMO Capital Markets to “Outperform” on Thursday, July 23. The firm has “Hold” rating given on Friday, July 22 by Deutsche Bank. Macquarie Research initiated the stock with “Neutral” rating in Tuesday, November 10 report. The stock of Packaging Corporation of America (NYSE:PKG) has “Underperform” rating given on Monday, January 25 by Macquarie Research. The stock has “Neutral” rating by Goldman Sachs on Thursday, July 13. The rating was downgraded by Buckingham Research to “Neutral” on Monday, July 18.

Investors sentiment decreased to 0.8 in Q2 2017. Its down 0.38, from 1.18 in 2017Q1. It worsened, as 43 investors sold Packaging Corporation of America shares while 167 reduced holdings. 49 funds opened positions while 119 raised stakes. 80.86 million shares or 1.25% more from 79.87 million shares in 2017Q1 were reported. California State Teachers Retirement invested in 169,791 shares. Cookson Peirce Co owns 47,298 shares for 0.59% of their portfolio. Blair William & Il holds 7,890 shares. The France-based Natixis Asset Mngmt has invested 0.1% in Packaging Corporation of America (NYSE:PKG). Usca Ria Lc holds 0.54% or 37,599 shares. Veritable L P owns 3,103 shares. Jlb And Associates Incorporated accumulated 87,221 shares or 2.47% of the stock. Royal Comml Bank Of Canada holds 0.01% of its portfolio in Packaging Corporation of America (NYSE:PKG) for 211,220 shares. Prelude Cap Limited Liability invested in 950 shares or 0.01% of the stock. Etrade Mngmt Ltd Com reported 33,109 shares stake. Laurion L P has 27,800 shares for 0.02% of their portfolio. Cubist Systematic Strategies Ltd Llc has invested 0.01% in Packaging Corporation of America (NYSE:PKG). Captrust Advsrs holds 5,879 shares. 75,800 are held by Artemis Investment Limited Liability Partnership. Bb&T accumulated 45,440 shares.

Analysts await Packaging Corporation of America (NYSE:PKG) to report earnings on January, 29. They expect $1.51 EPS, up 22.76% or $0.28 from last year’s $1.23 per share. PKG’s profit will be $141.42 million for 19.59 P/E if the $1.51 EPS becomes a reality. After $1.68 actual EPS reported by Packaging Corporation of America for the previous quarter, Wall Street now forecasts -10.12% negative EPS growth.

Middleton & Co Inc decreased Occidental Pete Corp Del (NYSE:OXY) stake by 6,070 shares to 8,005 valued at $479,000 in 2017Q2. It also reduced United Technologies Corp (NYSE:UTX) stake by 5,350 shares and now owns 86,414 shares. General Electric Co (NYSE:GE) was reduced too.

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