Packaging Corp. of America (PKG) Chairman & CEO Paul T Stecko sells 8,720 Shares

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Jul 29, 2009
Chairman & CEO of Packaging Corp. of America (PKG, Financial) Paul T Stecko sells 8,720 shares of PKG on 07/27/2009 at an average price of $19.43 a share.

Packaging Corp. of America is one of the largest producers of containerboard in the United States and also one of the largest manufacturers of corrugated packaging products. The company produces corrugated containers as well as the containerboard used to manufacture corrugated containers. Corrugated containers are the most commonlyused type of paper packaging. Corrugated containers referred to as cardboard boxes are made by combining multiple layers of heavyweight paper known as containerboard and fabricating them into finished boxes. Packaging Corp. of America has a market cap of $2.01 billion; its shares were traded at around $19.63 with a P/E ratio of 16.2 and P/S ratio of 0.9. The dividend yield of Packaging Corp. of America stocks is 3.1%. Packaging Corp. of America had an annual average earning growth of 28.2% over the past 5 years.

PKG is in the portfolios of John Griffin of Blue Ridge Capital, NWQ Managers of NWQ Investment Management Co, Jean-Marie Eveillard of Arnhold & S. Bleichroeder Advisers, LLC.





Recent Trades of Packaging Corp. of America by Directors and Officers:
  • Buy: Director Cheryl K Beebe bought 2,500 shares of PKG stock on 03/03/2009 at the average price of $9.96; the price of the stock has increased by 97.09% since.