180 Wealth Advisors LLC Has $227,000 Stock Holdings in Packaging Co. of America (NYSE:PKG)

180 Wealth Advisors LLC cut its holdings in Packaging Co. of America (NYSE:PKG - Free Report) by 57.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,009 shares of the industrial products company's stock after selling 1,349 shares during the period. 180 Wealth Advisors LLC's holdings in Packaging Co. of America were worth $227,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PKG. Deseret Mutual Benefit Administrators grew its stake in Packaging Co. of America by 15.2% in the third quarter. Deseret Mutual Benefit Administrators now owns 371 shares of the industrial products company's stock valued at $80,000 after purchasing an additional 49 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Packaging Co. of America by 0.5% in the 3rd quarter. Huntington National Bank now owns 10,075 shares of the industrial products company's stock valued at $2,170,000 after buying an additional 55 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in shares of Packaging Co. of America by 2.1% in the 2nd quarter. Moors & Cabot Inc. now owns 2,689 shares of the industrial products company's stock valued at $491,000 after buying an additional 56 shares during the last quarter. Evergreen Capital Management LLC grew its stake in shares of Packaging Co. of America by 2.4% in the second quarter. Evergreen Capital Management LLC now owns 2,461 shares of the industrial products company's stock valued at $452,000 after buying an additional 57 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Packaging Co. of America by 1.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,550 shares of the industrial products company's stock worth $709,000 after buying an additional 59 shares during the last quarter. Institutional investors own 89.78% of the company's stock.

Packaging Co. of America Stock Performance

PKG stock traded down $0.06 during mid-day trading on Thursday, hitting $235.14. 895,320 shares of the company were exchanged, compared to its average volume of 869,922. Packaging Co. of America has a 1-year low of $159.57 and a 1-year high of $250.82. The stock has a market capitalization of $21.12 billion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 2.24 and a beta of 0.79. The business has a 50 day simple moving average of $235.84 and a 200-day simple moving average of $216.08. The company has a current ratio of 2.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.58.

Packaging Co. of America (NYSE:PKG - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.15. Packaging Co. of America had a return on equity of 19.10% and a net margin of 9.46%. The business had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $2.09 billion. During the same period last year, the firm posted $2.05 EPS. The firm's revenue for the quarter was up 14.9% compared to the same quarter last year. On average, equities analysts forecast that Packaging Co. of America will post 9.08 earnings per share for the current year.

Packaging Co. of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.13%. The ex-dividend date was Friday, December 20th. Packaging Co. of America's dividend payout ratio (DPR) is 58.28%.

Analysts Set New Price Targets

PKG has been the subject of a number of recent analyst reports. Truist Financial increased their price target on shares of Packaging Co. of America from $252.00 to $282.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Wells Fargo & Company raised their target price on shares of Packaging Co. of America from $235.00 to $253.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Citigroup boosted their price target on Packaging Co. of America from $232.00 to $235.00 and gave the stock a "neutral" rating in a research report on Monday, January 6th. Jefferies Financial Group upgraded Packaging Co. of America from a "hold" rating to a "buy" rating and upped their price objective for the company from $215.00 to $280.00 in a research note on Wednesday, December 18th. Finally, StockNews.com upgraded Packaging Co. of America from a "hold" rating to a "buy" rating in a research note on Tuesday, December 24th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Packaging Co. of America has a consensus rating of "Moderate Buy" and a consensus target price of $238.67.

Insider Buying and Selling at Packaging Co. of America

In other news, CFO Robert P. Mundy sold 12,500 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $240.62, for a total transaction of $3,007,750.00. Following the completion of the sale, the chief financial officer now directly owns 43,954 shares in the company, valued at approximately $10,576,211.48. This represents a 22.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Joseph Vaughn sold 2,300 shares of the firm's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $244.89, for a total value of $563,247.00. Following the completion of the transaction, the senior vice president now owns 9,197 shares in the company, valued at $2,252,253.33. The trade was a 20.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,300 shares of company stock valued at $8,064,152 in the last quarter. Company insiders own 1.70% of the company's stock.

Packaging Co. of America 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.