Achmea Investment Management B.V. Has $5.89 Million Stock Holdings in Packaging Co. of America (NYSE:PKG)

Achmea Investment Management B.V. increased its holdings in Packaging Co. of America (NYSE:PKG - Free Report) by 19.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,139 shares of the industrial products company's stock after purchasing an additional 4,237 shares during the quarter. Achmea Investment Management B.V.'s holdings in Packaging Co. of America were worth $5,885,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. SYM FINANCIAL Corp boosted its holdings in Packaging Co. of America by 3.1% in the fourth quarter. SYM FINANCIAL Corp now owns 1,405 shares of the industrial products company's stock valued at $316,000 after acquiring an additional 42 shares during the last quarter. Mather Group LLC. boosted its stake in shares of Packaging Co. of America by 1.7% in the 4th quarter. Mather Group LLC. now owns 2,586 shares of the industrial products company's stock valued at $582,000 after purchasing an additional 43 shares during the last quarter. UMB Bank n.a. increased its position in shares of Packaging Co. of America by 3.9% during the fourth quarter. UMB Bank n.a. now owns 1,165 shares of the industrial products company's stock worth $262,000 after buying an additional 44 shares during the period. AlphaMark Advisors LLC lifted its holdings in Packaging Co. of America by 3.9% in the fourth quarter. AlphaMark Advisors LLC now owns 1,384 shares of the industrial products company's stock valued at $312,000 after buying an additional 52 shares during the period. Finally, Atomi Financial Group Inc. boosted its position in Packaging Co. of America by 3.3% during the fourth quarter. Atomi Financial Group Inc. now owns 1,643 shares of the industrial products company's stock valued at $370,000 after acquiring an additional 52 shares during the last quarter. Institutional investors own 89.78% of the company's stock.

Packaging Co. of America Price Performance

Shares of NYSE PKG opened at $191.66 on Friday. The company has a market capitalization of $17.21 billion, a PE ratio of 21.46, a PEG ratio of 2.41 and a beta of 0.77. The company has a quick ratio of 1.98, a current ratio of 2.95 and a debt-to-equity ratio of 0.58. The stock's 50 day moving average price is $218.29 and its 200-day moving average price is $222.85. Packaging Co. of America has a twelve month low of $169.00 and a twelve month high of $250.82.

Remove Ads

Packaging Co. of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The industrial products company reported $2.47 earnings per share 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 anticipate that Packaging Co. of America will post 10.44 EPS for the current year.

Packaging Co. of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.61%. The ex-dividend date is Friday, March 14th. Packaging Co. of America's dividend payout ratio is 55.99%.

Analysts Set New Price Targets

Several equities research analysts recently commented on PKG shares. StockNews.com upgraded Packaging Co. of America from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Seaport Res Ptn raised shares of Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 13th. Citigroup increased their price target on Packaging Co. of America from $232.00 to $235.00 and gave the stock a "neutral" rating in a report on Monday, January 6th. Jefferies Financial Group upgraded shares of Packaging Co. of America from a "hold" rating to a "buy" rating and upped their target price for the stock from $215.00 to $280.00 in a report on Wednesday, December 18th. Finally, Wells Fargo & Company cut their price target 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. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Packaging Co. of America presently has an average rating of "Moderate Buy" and a consensus target price of $233.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.