Capital One National Association continued to hold its position in shares of Sonoco Products Company (NYSE:SON) during the third quarter, Holdings Channel reports. The fund owned 17,454 shares of the company’s stock at the end of the third quarter. Capital One National Association’s holdings in Sonoco Products Company were worth $922,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Lowe Brockenbrough & Co. Inc. boosted its position in shares of Sonoco Products Company by 1.1% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 6,495 shares of the company’s stock valued at $323,000 after buying an additional 70 shares during the period. Clean Yield Group boosted its position in shares of Sonoco Products Company by 0.6% in the second quarter. Clean Yield Group now owns 18,000 shares of the company’s stock valued at $894,000 after buying an additional 100 shares during the period. Advisory Services Network LLC boosted its position in shares of Sonoco Products Company by 0.7% in the third quarter. Advisory Services Network LLC now owns 20,825 shares of the company’s stock valued at $1,100,000 after buying an additional 139 shares during the period. Estabrook Capital Management boosted its position in shares of Sonoco Products Company by 1.0% in the second quarter. Estabrook Capital Management now owns 21,385 shares of the company’s stock valued at $1,062,000 after buying an additional 212 shares during the period. Finally, United Services Automobile Association boosted its position in shares of Sonoco Products Company by 2.7% in the second quarter. United Services Automobile Association now owns 8,510 shares of the company’s stock valued at $423,000 after buying an additional 220 shares during the period. Hedge funds and other institutional investors own 69.25% of the company’s stock.

Institutional Ownership by Quarter for Sonoco Products Company (NYSE:SON)

Sonoco Products Company (NYSE:SON) traded up 0.20% during midday trading on Friday, reaching $54.53. The company had a trading volume of 251,199 shares. The company has a market capitalization of $5.44 billion, a P/E ratio of 23.50 and a beta of 1.05. Sonoco Products Company has a 52-week low of $36.56 and a 52-week high of $55.47. The company’s 50 day moving average is $53.81 and its 200-day moving average is $51.93.

Sonoco Products Company (NYSE:SON) last announced its quarterly earnings results on Thursday, October 20th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.68 by $0.04. Sonoco Products Company had a net margin of 4.84% and a return on equity of 17.84%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the business earned $0.65 earnings per share. Sonoco Products Company’s revenue was down 2.7% compared to the same quarter last year. Equities analysts expect that Sonoco Products Company will post $2.73 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was first reported by Watch List News and is the propert of of Watch List News. If you are reading this article on another website, it was stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this article can be accessed at http://www.watchlistnews.com/sonoco-products-company-son-stake-held-by-capital-one-national-association/1061566.html.

SON has been the topic of several recent analyst reports. Jefferies Group reiterated a “hold” rating and set a $47.00 target price (up previously from $46.00) on shares of Sonoco Products Company in a research report on Monday, October 24th. Zacks Investment Research cut Sonoco Products Company from a “hold” rating to a “sell” rating in a research report on Wednesday, December 21st. Argus cut Sonoco Products Company from a “buy” rating to a “hold” rating in a research report on Friday, December 9th. Vertical Research upgraded Sonoco Products Company from a “sell” rating to a “hold” rating in a research report on Monday, October 24th. Finally, Bank of America Corporation cut Sonoco Products Company from a “neutral” rating to an “underperform” rating in a research report on Monday, October 3rd. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $45.86.

In other Sonoco Products Company news, VP R. Howard Coker sold 1,390 shares of the firm’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $49.65, for a total value of $69,013.50. Following the sale, the vice president now owns 159,340 shares in the company, valued at $7,911,231. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John E. Linville sold 54,000 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $50.46, for a total transaction of $2,724,840.00. Following the completion of the sale, the director now owns 223,787 shares in the company, valued at approximately $11,292,292.02. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Sonoco Products Company Company Profile

Sonoco Products Company (Sonoco) is a manufacturer of industrial and consumer packaging products and a provider of packaging services. The Company operates in four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. Its Consumer Packaging segment’s products and services include round composite cans, aluminum, steel and peelable membrane easy-open closures for composite and metal cans; plastic bottles, cups and trays, and printed flexible packaging and global brand management.

5 Day Chart for NYSE:SON

Want to see what other hedge funds are holding SON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sonoco Products Company (NYSE:SON).

Receive News & Ratings for Sonoco Products Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonoco Products Company and related companies with Analyst Ratings Network's FREE daily email newsletter.