Trending Stock News

Iridian Asset Management Has Trimmed Its Packaging Of America (PKG) Holding by $10.33 Million; Market Valuation Declined; Tradewinds Capital Management Maintains Stake in Amazon Com (AMZN)

Packaging Corporation of America (NYSE:PKG) Logo

David Cohen decreased its stake in Packaging Corp Of America (PKG) by 6.46% based on its latest 2018Q1 regulatory filing with the SEC. Iridian Asset Management Llc sold 92,199 shares as the company’s stock declined 1.54% with the market. The hedge fund run by David Cohen held 1.33 million shares of the containers and packaging company at the end of 2018Q1, valued at $150.44M, down from 1.43 million at the end of the previous reported quarter. Iridian Asset Management Llc who had been investing in Packaging Corp Of America for a number of months, seems to be less bullish one the $10.97B market cap company. The stock decreased 2.93% or $3.54 during the last trading session, reaching $117.24. About 246,621 shares traded. Packaging Corporation of America (NYSE:PKG) has risen 17.55% since June 15, 2017 and is uptrending. It has outperformed by 4.98% the S&P500. Some Historical PKG News: 06/03/2018 Packaging Corp Access Event Set By Stephens Inc. for Mar. 13-14; 24/04/2018 – Packaging Corp of America 1Q EPS $1.48; 25/04/2018 – PACKAGING CORP SEES CONTINUED STRONG DEMAND IN PACKAGING; 24/04/2018 – Packaging Corp at Wells Fargo Industrials Conference May 9; 24/04/2018 – Packaging Corp Closes Below 50-Day Moving Average: Technicals; 24/04/2018 – Packaging Corp of America 1Q Net $140.1M; 15/05/2018 – PKG BOOSTS QTR DIV TO 79C/SHR FROM 63C, EST. 63C; 24/04/2018 – Packaging Corporation of America’s Chief Executive Officer to Speak at Wells Fargo Securities Research, Economics & Strategy 2018 Industrials Conference; 20/04/2018 – DJ Packaging Corporation of America, Inst Holders, 1Q 2018 (PKG); 24/04/2018 – PACKAGING CORP OF AMERICA QTRLY SHR $1.48

Tradewinds Capital Management Llc increased its stake in Amazon Com Inc (AMZN) by 30.1% based on its latest 2018Q1 regulatory filing with the SEC. Tradewinds Capital Management Llc bought 490 shares as the company’s stock rose 5.80% while stock markets declined. The institutional investor held 2,118 shares of the consumer services company at the end of 2018Q1, valued at $3.07 million, up from 1,628 at the end of the previous reported quarter. Tradewinds Capital Management Llc who had been investing in Amazon Com Inc for a number of months, seems to be bullish on the $834.11 billion market cap company. The stock decreased 0.28% or $4.86 during the last trading session, reaching $1719. About 2.09 million shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 62.09% since June 15, 2017 and is uptrending. It has outperformed by 49.52% the S&P500. Some Historical AMZN News: 02/04/2018 – Dow tanks more than 450 points, Nasdaq closes in correction Amazon leads tech lower; 22/03/2018 – AMAZON IS SAID TO PLAN EXPANDED ONLINE DELIVERY AT WHOLE FOODS; 17/04/2018 – Drift Announces $60M Series C Led by Sequoia; Aims to Build the Amazon for B2B; 07/03/2018 – Jeff Bezos unseats Bill Gates on Forbes 2018 richest billionaires list; 16/05/2018 – Amazon has visited all 20 finalists for its new headquarters, report says; 28/03/2018 – Amazon Drops Below Key Level As Loss Accelerates — MarketWatch; 23/05/2018 – VOICE Summit Announces Dynamic Slate of Speakers and Keynotes from Amazon, LEGO and Yext; 15/03/2018 – THIEL: NO OTHER COMPNAY IS CLOSE TO AMAZON; 03/05/2018 – Google is trying to claw back shopping search from Amazon but is constantly fighting bad actors; 26/04/2018 – UPS CFO Richard Peretz Says Amazon Is an Important Partner (Video)

Investors sentiment decreased to 1.08 in Q1 2018. Its down 0.21, from 1.29 in 2017Q4. It dived, as 73 investors sold AMZN shares while 659 reduced holdings. 173 funds opened positions while 614 raised stakes. 266.38 million shares or 4.87% less from 280.02 million shares in 2017Q4 were reported. First Foundation Advisors, a California-based fund reported 5,511 shares. Tributary Cap Mgmt Limited Liability holds 237 shares. Chevy Chase Trust Incorporated has invested 2.52% in Amazon.com, Inc. (NASDAQ:AMZN). Fukoku Mutual Life Insurance Co holds 0.76% in Amazon.com, Inc. (NASDAQ:AMZN) or 3,445 shares. Central Securities reported 13,000 shares stake. Moreover, Beaumont Financial Prtnrs Ltd Company has 0.22% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 1,351 shares. Nippon Life Global Invsts Americas Inc accumulated 3.58% or 30,020 shares. Fiduciary Tru reported 1.41% in Amazon.com, Inc. (NASDAQ:AMZN). Tnb Fincl reported 10,890 shares. Grandeur Peak Llc holds 0.24% in Amazon.com, Inc. (NASDAQ:AMZN) or 1,450 shares. Louisiana-based Iberiabank has invested 0.88% in Amazon.com, Inc. (NASDAQ:AMZN). Moreover, Polar Llp has 1.92% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 131,310 shares. Corda Invest Management Limited Liability Corporation holds 2,394 shares. Dnb Asset Mngmt As has invested 0% in Amazon.com, Inc. (NASDAQ:AMZN). Green Square Llc stated it has 1.49% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN).

Since February 15, 2018, it had 0 insider buys, and 21 selling transactions for $63.19 million activity. 2,028 shares were sold by Olsavsky Brian T, worth $3.22 million. 12,666 Amazon.com, Inc. (NASDAQ:AMZN) shares with value of $18.50 million were sold by Blackburn Jeffrey M. ALBERG TOM A also sold $1.01 million worth of Amazon.com, Inc. (NASDAQ:AMZN) on Wednesday, February 21. Reynolds Shelley also sold $686,439 worth of Amazon.com, Inc. (NASDAQ:AMZN) on Tuesday, May 15. STONESIFER PATRICIA Q also sold $2.17 million worth of Amazon.com, Inc. (NASDAQ:AMZN) on Wednesday, May 2. 1,985 Amazon.com, Inc. (NASDAQ:AMZN) shares with value of $2.90 million were sold by Jassy Andrew R.

Among 55 analysts covering Amazon.com (NASDAQ:AMZN), 52 have Buy rating, 0 Sell and 3 Hold. Therefore 95% are positive. Amazon.com had 305 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained it with “Buy” rating and $1500.0 target in Wednesday, January 3 report. The firm has “Buy” rating by Macquarie Research given on Tuesday, February 13. Morgan Stanley maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Friday, February 3. Morgan Stanley has “Overweight” rating and $900 target. The stock has “Buy” rating by UBS on Friday, October 23. The firm has “Outperform” rating given on Friday, October 23 by RBC Capital Markets. The firm earned “Buy” rating on Friday, February 2 by Barclays Capital. The rating was maintained by Wedbush with “Outperform” on Friday, July 29. The rating was maintained by Aegis Capital with “Buy” on Friday, October 27. SunTrust maintained it with “Neutral” rating and $850 target in Wednesday, October 5 report. The stock has “Buy” rating by Loop Capital Markets on Monday, October 16.

Tradewinds Capital Management Llc, which manages about $444.11M and $223.07M US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 18,269 shares to 334,182 shares, valued at $30.50M in 2018Q1, according to the filing. It also reduced its holding in Rydex Etf Trust (RTM) by 35,449 shares in the quarter, leaving it with 207 shares, and cut its stake in Spdr Index Sh Fds (QDEU).

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Nasdaq.com which released: “The Odds of Sprint Corp’s T-Mobile Merger Just Went Through the Roof” on June 14, 2018, also Nasdaq.com with their article: “Microsoft (MSFT) Puts Rumors to Rest by Confirming GitHub Buyout” published on June 14, 2018, Seekingalpha.com published: “3 Option Trade Ideas In Amazon Stock” on June 11, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Seekingalpha.com and their article: “Amazon Goes To The Customer” published on June 11, 2018 as well as 247Wallst.com‘s news article titled: “6 Most Important Things In Business Today” with publication date: June 14, 2018.

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

Analysts await Packaging Corporation of America (NYSE:PKG) to report earnings on July, 25. They expect $1.97 EPS, up 29.61% or $0.45 from last year’s $1.52 per share. PKG’s profit will be $184.33M for 14.88 P/E if the $1.97 EPS becomes a reality. After $1.55 actual EPS reported by Packaging Corporation of America for the previous quarter, Wall Street now forecasts 27.10% EPS growth.

Iridian Asset Management Llc, which manages about $11.52 billion and $11.15 billion US Long portfolio, upped its stake in Warrior Met Coal Inc by 23,931 shares to 78,397 shares, valued at $2.20 million in 2018Q1, according to the filing. It also increased its holding in Allergan Inc by 22,757 shares in the quarter, for a total of 1.74M shares, and has risen its stake in Armstrong World Industries Inc (NYSE:AWI).

Investors sentiment decreased to 0.95 in Q1 2018. Its down 0.07, from 1.02 in 2017Q4. It is negative, as 30 investors sold PKG 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. Grisanti Capital Mngmt Ltd Co stated it has 375 shares. British Columbia Investment Mngmt accumulated 0.07% or 77,234 shares. Coldstream Capital owns 2,853 shares or 0.03% of their US portfolio. Exxonmobil Invest Management Tx reported 0.05% in Packaging Corporation of America (NYSE:PKG). Chevy Chase Tru Incorporated holds 0.04% or 80,105 shares in its portfolio. United Capital Fincl Advisers Limited Liability Corp reported 0% of its portfolio in Packaging Corporation of America (NYSE:PKG). Northwestern Mutual Wealth accumulated 1,175 shares. Magnetar Financial Limited Com reported 8,676 shares. Ibm Retirement Fund reported 2,056 shares. Strs Ohio accumulated 6,463 shares. Point72 Asia (Hong Kong) Limited holds 0.12% in Packaging Corporation of America (NYSE:PKG) or 2,087 shares. Korea Invest reported 66,973 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 22,810 shares. Premier Asset Mgmt Ltd Liability Corp has 2,300 shares. Syntal Partners Ltd Liability Company has 2,741 shares.

Amazon.com, Inc. (NASDAQ:AMZN) Institutional Positions Chart

Leave a Reply

Your email address will not be published. Required fields are marked *