Jackson Creek Investment Advisors LLC Invests $293,000 in Packaging Co. of America (NYSE:PKG)

Jackson Creek Investment Advisors LLC bought a new stake in shares of Packaging Co. of America (NYSE:PKG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,303 shares of the industrial products company's stock, valued at approximately $293,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in Packaging Co. of America by 25.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 591 shares of the industrial products company's stock worth $127,000 after purchasing an additional 120 shares in the last quarter. Van ECK Associates Corp lifted its position in Packaging Co. of America by 11.0% during the third quarter. Van ECK Associates Corp now owns 14,039 shares of the industrial products company's stock worth $3,210,000 after buying an additional 1,392 shares in the last quarter. Amalgamated Bank boosted its stake in Packaging Co. of America by 0.9% during the third quarter. Amalgamated Bank now owns 18,277 shares of the industrial products company's stock worth $3,937,000 after buying an additional 162 shares during the last quarter. Foster & Motley Inc. purchased a new stake in Packaging Co. of America in the 3rd quarter valued at $205,000. Finally, Principal Financial Group Inc. increased its stake in shares of Packaging Co. of America by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 460,518 shares of the industrial products company's stock worth $99,194,000 after acquiring an additional 35,614 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PKG shares. Seaport Res Ptn raised shares of Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 13th. Wells Fargo & Company cut their target price on Packaging Co. of America from $253.00 to $236.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Citigroup upped their price target on Packaging Co. of America from $232.00 to $235.00 and gave the company a "neutral" rating in a research note on Monday, January 6th. StockNews.com upgraded shares of Packaging Co. of America from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $265.00 target price (down previously from $282.00) on shares of Packaging Co. of America in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Packaging Co. of America has an average rating of "Moderate Buy" and a consensus price target of $233.00.

Packaging Co. of America Stock Down 0.0 %

Shares of NYSE PKG traded down $0.10 during midday trading on Wednesday, hitting $197.35. The company's stock had a trading volume of 686,702 shares, compared to its average volume of 615,261. Packaging Co. of America has a 1 year low of $169.00 and a 1 year high of $250.82. The business's fifty day simple moving average is $218.85 and its two-hundred day simple moving average is $223.03. The firm has a market capitalization of $17.72 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 2.41 and a beta of 0.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.95 and a quick ratio of 1.98.

Packaging Co. of America (NYSE:PKG - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.04). Packaging Co. of America had a return on equity of 19.67% and a net margin of 9.60%. On average, equities analysts predict that Packaging Co. of America will post 10.44 EPS for the current year.

Packaging Co. of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.53%. Packaging Co. of America's dividend payout ratio (DPR) is presently 55.99%.

Packaging Co. of America Company Profile

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.