70,304 Shares in Packaging Co. of America (NYSE:PKG) Acquired by Distillate Capital Partners LLC

Distillate Capital Partners LLC purchased a new position in shares of Packaging Co. of America (NYSE:PKG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 70,304 shares of the industrial products company's stock, valued at approximately $15,828,000. Distillate Capital Partners LLC owned 0.08% of Packaging Co. of America as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fortitude Family Office LLC boosted its holdings in Packaging Co. of America by 150.8% during the 4th quarter. Fortitude Family Office LLC now owns 163 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 98 shares during the period. Centricity Wealth Management LLC purchased a new position in shares of Packaging Co. of America in the fourth quarter valued at approximately $44,000. Golden State Wealth Management LLC purchased a new position in shares of Packaging Co. of America in the fourth quarter valued at approximately $48,000. Rialto Wealth Management LLC acquired a new position in shares of Packaging Co. of America in the fourth quarter valued at approximately $63,000. Finally, Intact Investment Management Inc. purchased a new stake in Packaging Co. of America during the 4th quarter worth approximately $68,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Packaging Co. of America Stock Down 1.1 %

Shares of NYSE:PKG traded down $2.14 on Tuesday, hitting $188.51. 447,513 shares of the company's stock were exchanged, compared to its average volume of 698,038. Packaging Co. of America has a 1-year low of $169.00 and a 1-year high of $250.82. The company has a market capitalization of $16.95 billion, a PE ratio of 21.11, a P/E/G ratio of 2.41 and a beta of 0.84. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.98 and a current ratio of 2.95. The firm's 50-day moving average is $199.90 and its 200 day moving average is $219.71.

Remove Ads

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

Packaging Co. of America Announces Dividend

The business 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 dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $5.00 annualized dividend and a yield of 2.65%. Packaging Co. of America's dividend payout ratio is currently 55.99%.

Analysts Set New Price Targets

Several equities analysts have commented on PKG shares. Wells Fargo & Company decreased their price target on shares of Packaging Co. of America from $236.00 to $209.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Jefferies Financial Group upgraded Packaging Co. of America from a "hold" rating to a "buy" rating and lifted their target price for the company from $215.00 to $280.00 in a report on Wednesday, December 18th. Citigroup increased their price target on Packaging Co. of America from $232.00 to $235.00 and gave the company a "neutral" rating in a research report on Monday, January 6th. StockNews.com downgraded Packaging Co. of America from a "buy" rating to a "hold" rating in a research report on Sunday, April 6th. Finally, 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. Two equities research 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 stock. Based on data from MarketBeat, Packaging Co. of America presently has a consensus rating of "Moderate Buy" and a consensus target price of $237.80.

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.