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CEO of Packaging Corporation of America Mark W. Kowlzan Sold 85,000 Shares
Posted by: alicet236 (IP Logged)
Date: July 22, 2013 03:21PM
Packaging Corporation of America (PKG) was incorporated on Jan. 25, 1999. The company is a producer of containerboard and corrugated products in the U.S. Its corrugated products manufacturing plants produce a wide variety of corrugated packaging products, including conventional shipping containers used to protect and transport manufactured goods, multi-color boxes and displays with strong visual appeal that help to merchandise the packaged product in retail locations. Packaging Corporation of America has a market cap of $5.2 billion; its shares were traded at around $53.42 with a P/E ratio of 25.20 and P/S ratio of 1.70. The dividend yield of Packaging Corporation of America stocks is 2.30%. Packaging Corporation of America had an annual average earnings growth of 8.2% over the past 10 years. GuruFocus rated Packaging Corporation of America the business predictability rank of 4.5-star.
CEO of Packaging Corporation of America (PKG) Mark W. Kowlzan sold 85,000 shares on July 18, 2013 at an average price of $52.1. The total transaction amount was $4,428,500.
Since July 2010, Mark Kowlzan has served at PKG as chief executive officer and director. Before joining Packaging Corporation of America, Kowlzan worked at International Paper Company for 15 years. He is also a member of the board of directors of the American Forest & Paper Association.
In addition to Mark Kowlzan’s recent sell, SVP Thomas Walton and Executive VP Thomas A. Hassfurther sold 47,825 shares of PKG stock in February.
GuruFocus Guru Joel Greenblatt, who owns 74,461 shares as of March 31, 2013, increased his position in PCA, whereas GuruFocus Guru Jean-Marie Eveillard, who owns 1,578,800 shares, reduced his position in the Company.
Packaging Corporation of America announced its 2013 second quarter results with net income of $64.5 million and revenues of $800.2 million.
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