Tweedy Browne Company Has Decreased Verizon Communications (VZ) Stake By $46.82 Million; Packaging American (PKG) Shorts Down By 10.96%

July 17, 2017 - By Ellis Scott

Packaging Corporation American (NYSE:PKG) had a decrease of 10.96% in short interest. PKG’s SI was 2.21 million shares in July as released by FINRA. Its down 10.96% from 2.49 million shares previously. With 517,700 avg volume, 4 days are for Packaging Corporation American (NYSE:PKG)’s short sellers to cover PKG’s short positions. The SI to Packaging Corporation American’s float is 2.4%. About 109,335 shares traded. Packaging Corp Of America (NYSE:PKG) has risen 54.92% since July 17, 2016 and is uptrending. It has outperformed by 38.22% the S&P500.

Tweedy Browne Company Llc decreased Verizon Communications (VZ) stake by 55.03% reported in 2016Q4 SEC filing. Tweedy Browne Company Llc sold 883,325 shares as Verizon Communications (VZ)’s stock declined 7.66%. The Tweedy Browne Company Llc holds 721,800 shares with $38.53 million value, down from 1.61 million last quarter. Verizon Communications now has $178.53 billion valuation. The stock rose 0.31% or $0.13 reaching $43.69. About 2.86 million shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since July 17, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

Among 14 analysts covering Packaging Corporation of America (NYSE:PKG), 5 have Buy rating, 1 Sell and 8 Hold. Therefore 36% are positive. Packaging Corporation of America had 38 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, July 14 by Jefferies. The stock has “Underperform” rating by Macquarie Research on Monday, January 25. The stock has “Buy” rating by Jefferies on Tuesday, July 4. The firm has “Buy” rating by Bank of America given on Tuesday, October 18. The stock of Packaging Corp Of America (NYSE:PKG) has “Neutral” rating given on Monday, July 18 by Buckingham Research. The rating was downgraded by CLSA on Wednesday, February 1 to “Outperform”. On Tuesday, November 10 the stock rating was initiated by Macquarie Research with “Neutral”. As per Friday, July 14, the company rating was maintained by Jefferies. On Monday, February 6 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. The rating was upgraded by BMO Capital Markets on Wednesday, January 25 to “Outperform”.

Packaging Corporation of America is a producer of containerboard products and uncoated freesheet. The company has market cap of $10.58 billion. The Firm operates through three divisions: Packaging, Paper, and Corporate and Other. It has a 22.93 P/E ratio. The Packaging segment produces a range of corrugated packaging products.

Investors sentiment increased to 1.1 in Q4 2016. Its up 0.05, from 1.05 in 2016Q3. It is positive, as 30 investors sold Packaging Corp Of America shares while 155 reduced holdings. 63 funds opened positions while 140 raised stakes. 80.00 million shares or 0.29% less from 80.23 million shares in 2016Q3 were reported. Teachers Retirement Sys Of The State Of Kentucky accumulated 68,011 shares. Teacher Retirement Systems Of Texas has invested 0.13% in Packaging Corp Of America (NYSE:PKG). Acadian Asset Mngmt Limited Liability Corporation holds 0% in Packaging Corp Of America (NYSE:PKG) or 76 shares. Capital Innovations Limited Liability Corporation, Wisconsin-based fund reported 3,419 shares. Hennessy Advisors owns 425,600 shares. Tokio Marine Asset Mngmt Limited reported 2,508 shares. Numeric Investors Lc accumulated 0.01% or 12,200 shares. Hsbc Public Limited holds 0.01% of its portfolio in Packaging Corp Of America (NYSE:PKG) for 44,206 shares. Allianz Asset Management Ag owns 524,641 shares. Tci Wealth Advsrs accumulated 0.02% or 409 shares. First Citizens State Bank & Tru holds 6,374 shares. Pennsylvania-based Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems has invested 0.02% in Packaging Corp Of America (NYSE:PKG). Tower Rech Capital Limited (Trc) invested in 0% or 342 shares. Ontario – Canada-based Cibc Asset Management has invested 0% in Packaging Corp Of America (NYSE:PKG). Iridian Asset Limited Liability Company Ct invested in 50,000 shares.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on July, 27 before the open. They expect $0.96 EPS, up 2.13% or $0.02 from last year’s $0.94 per share. VZ’s profit will be $3.92B for 11.38 P/E if the $0.96 EPS becomes a reality. After $0.95 actual EPS reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts 1.05% EPS growth.

Among 23 analysts covering Verizon Communications Inc. (NYSE:VZ), 6 have Buy rating, 0 Sell and 17 Hold. Therefore 26% are positive. Verizon Communications Inc. had 42 analyst reports since July 22, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of VZ in report on Friday, May 26 with “Hold” rating. The company was maintained on Wednesday, October 21 by Scotia Capital. The company was downgraded on Wednesday, January 25 by FBR Capital. The stock of Verizon Communications Inc. (NYSE:VZ) has “Mkt Perform” rating given on Wednesday, January 25 by Raymond James. The stock of Verizon Communications Inc. (NYSE:VZ) has “Buy” rating given on Monday, October 24 by Drexel Hamilton. As per Monday, January 25, the company rating was maintained by RBC Capital Markets. As per Friday, August 14, the company rating was upgraded by Zacks. The firm earned “Outperform” rating on Wednesday, September 30 by RBC Capital Markets. The company was maintained on Friday, July 14 by Barclays Capital. The company was maintained on Monday, March 14 by Citigroup.

Investors sentiment increased to 1.11 in Q4 2016. Its up 0.01, from 1.1 in 2016Q3. It improved, as 60 investors sold VZ shares while 658 reduced holdings. 115 funds opened positions while 683 raised stakes. 2.53 billion shares or 1.29% more from 2.50 billion shares in 2016Q3 were reported. Livingston Group Asset Mgmt (Operating As Southport Capital Management) invested in 22,934 shares or 0.75% of the stock. Boston Rech And Mgmt has invested 1.2% in Verizon Communications Inc. (NYSE:VZ). Stillwater Ltd accumulated 199,238 shares. 1832 Asset Mngmt Ltd Partnership stated it has 6.55M shares or 1.25% of all its holdings. 279,508 are held by Hallmark Capital Management. Blackrock Lc holds 13.05M shares. Horizon Invest Services Ltd Liability Com stated it has 6,173 shares or 0.16% of all its holdings. Karp Capital Mgmt Corp, California-based fund reported 4,955 shares. Everett Harris & Ca reported 252,280 shares or 0.47% of all its holdings. Busey Trust Communications reported 216,149 shares. Factory Mutual Insurance owns 1.38 million shares for 0.89% of their portfolio. Winslow Asset reported 4,971 shares stake. Kopp Inv Advisors Limited Co owns 0.77% invested in Verizon Communications Inc. (NYSE:VZ) for 13,577 shares. 472,549 were accumulated by Welch Forbes Ltd Liability. 61,948 are held by Univest Corporation Of Pennsylvania.

Since February 14, 2017, it had 0 insider purchases, and 7 selling transactions for $3.60 million activity. $27,657 worth of Verizon Communications Inc. (NYSE:VZ) shares were sold by SILLIMAN CRAIG L.. $543,385 worth of Verizon Communications Inc. (NYSE:VZ) was sold by Gurnani Roger on Thursday, February 23. Shares for $1.61M were sold by WALDEN MARNI M. Another trade for 12,495 shares valued at $603,134 was sold by Skiadas Anthony T.

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