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Packaging Corp. of America (PKG) Senior VP & CFO Richard B West sells 24,000 Shares

March 01, 2011 | About:
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Senior VP & CFO of Packaging Corp. of America (PKG) Richard B West sells 24,000 shares of PKG on 03/01/2011 at an average price of $28.77 a share.

Packaging Corp Of America has a market cap of $2.95 billion; its shares were traded at around $28.79 with a P/E ratio of 17.8 and P/S ratio of 1.2. The dividend yield of Packaging Corp Of America stocks is 2.1%. Packaging Corp Of America had an annual average earning growth of 2.1% over the past 10 years.

Hedge Fund Gurus that owns PKG: Steven Cohen of SAC Capital Advisors, Paul Tudor Jones of The Tudor Group, Bruce Kovner of Caxton Associates, George Soros of Soros Fund Management LLC. Mutual Fund and Other Gurus that owns PKG: Jean-Marie Eveillard of First Eagle Investment Management, LLC, NWQ Managers of NWQ Investment Management Co, Pioneer Investments.


This is the insider trade history vs. stock price of PKG. For the complete insider trading history of PKG, click here.




Directors and Officers Recent Trades:


  • Sell: Director Henry F Frigon sold 21,000 shares of PKG stock on 11/10/2010 at the average price of 25.09. The price of the stock has increased by 14.75% since.


For the complete insider trading history of PKG, click here.

About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 3.5/5 (2 votes)

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