Strategic Financial Concepts LLC Makes New Investment in Packaging Co. of America (NYSE:PKG)

Strategic Financial Concepts LLC acquired a new position in shares of Packaging Co. of America (NYSE:PKG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 30,943 shares of the industrial products company's stock, valued at approximately $6,966,000.

A number of other large investors have also made changes to their positions in PKG. Principal Securities Inc. lifted its position in shares of Packaging Co. of America by 38.9% in the 4th quarter. Principal Securities Inc. now owns 1,806 shares of the industrial products company's stock worth $407,000 after acquiring an additional 506 shares during the period. AustralianSuper Pty Ltd lifted its position in Packaging Co. of America by 689.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 53,533 shares of the industrial products company's stock worth $12,052,000 after purchasing an additional 46,748 shares during the period. Littlejohn Financial Services Inc. acquired a new stake in Packaging Co. of America during the fourth quarter worth $1,831,000. Asset Management One Co. Ltd. increased its holdings in Packaging Co. of America by 1.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 39,704 shares of the industrial products company's stock valued at $9,016,000 after buying an additional 514 shares during the period. Finally, GEM Asset Management LLC bought a new stake in Packaging Co. of America in the 4th quarter valued at $206,000. Institutional investors and hedge funds own 89.78% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PKG shares. Citigroup lifted their price objective on Packaging Co. of America from $232.00 to $235.00 and gave the company a "neutral" rating in a report on Monday, January 6th. Seaport Res Ptn raised Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 13th. Wells Fargo & Company lowered their target price on shares of Packaging Co. of America from $253.00 to $236.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Jefferies Financial Group raised shares of Packaging Co. of America from a "hold" rating to a "buy" rating and lifted their price target for the company from $215.00 to $280.00 in a report on Wednesday, December 18th. Finally, StockNews.com cut shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $233.00.

Insider Activity at Packaging Co. of America

In related news, SVP Joseph Vaughn sold 2,300 shares of the company's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $244.89, for a total value of $563,247.00. Following the completion of the sale, the senior vice president now owns 9,197 shares in the company, valued at $2,252,253.33. This represents a 20.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul T. Stecko sold 10,500 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $244.91, for a total value of $2,571,555.00. Following the completion of the transaction, the director now directly owns 8,881 shares of the company's stock, valued at approximately $2,175,045.71. The trade was a 54.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Packaging Co. of America Trading Up 0.0 %

PKG stock traded up $0.10 during midday trading on Wednesday, reaching $212.24. The company's stock had a trading volume of 497,090 shares, compared to its average volume of 941,375. The business's 50-day simple moving average is $225.28 and its 200-day simple moving average is $221.79. The company has a quick ratio of 1.98, a current ratio of 2.95 and a debt-to-equity ratio of 0.58. Packaging Co. of America has a 52 week low of $167.60 and a 52 week high of $250.82. The stock has a market cap of $19.06 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 2.44 and a beta of 0.77.

Packaging Co. of America (NYSE:PKG - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The industrial products company reported $2.47 EPS for the quarter, missing analysts' consensus estimates 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%. As a group, sell-side analysts expect that Packaging Co. of America will post 10.44 EPS for the current year.

Packaging Co. of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 20th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.36%. Packaging Co. of America's dividend payout ratio (DPR) is presently 55.99%.

About Packaging Co. of America

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.