Adams Natural Resources Fund Inc. Buys 1,500 Shares of Packaging Co. of America (NYSE:PKG)

Adams Natural Resources Fund Inc. grew its stake in Packaging Co. of America (NYSE:PKG - Free Report) by 25.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,400 shares of the industrial products company's stock after acquiring an additional 1,500 shares during the period. Adams Natural Resources Fund Inc.'s holdings in Packaging Co. of America were worth $1,666,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in PKG. State Street Corp lifted its position in shares of Packaging Co. of America by 3.2% during the 3rd quarter. State Street Corp now owns 3,948,546 shares of the industrial products company's stock worth $855,212,000 after purchasing an additional 123,050 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Packaging Co. of America by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,069,949 shares of the industrial products company's stock worth $691,138,000 after purchasing an additional 132,836 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Packaging Co. of America by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,337,296 shares of the industrial products company's stock worth $501,896,000 after buying an additional 12,936 shares in the last quarter. Boston Partners lifted its stake in shares of Packaging Co. of America by 7.0% in the fourth quarter. Boston Partners now owns 1,565,351 shares of the industrial products company's stock valued at $352,305,000 after purchasing an additional 101,755 shares during the period. Finally, FMR LLC boosted its position in Packaging Co. of America by 3.4% during the third quarter. FMR LLC now owns 1,076,350 shares of the industrial products company's stock worth $231,846,000 after purchasing an additional 35,827 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

PKG has been the subject of several recent analyst reports. Citigroup lifted their target price on shares of Packaging Co. of America from $232.00 to $235.00 and gave the stock a "neutral" rating in a research note on Monday, January 6th. StockNews.com lowered Packaging Co. of America from a "buy" rating to a "hold" rating in a research report on Friday. Wells Fargo & Company decreased 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. Jefferies Financial Group raised shares of Packaging Co. of America from a "hold" rating to a "buy" rating and increased their target price for the stock from $215.00 to $280.00 in a report on Wednesday, December 18th. Finally, Seaport Res Ptn upgraded Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Packaging Co. of America currently has an average rating of "Moderate Buy" and an average price target of $233.00.

Packaging Co. of America Stock Down 1.1 %

NYSE:PKG traded down $2.19 during trading hours on Tuesday, reaching $198.62. The company's stock had a trading volume of 999,426 shares, compared to its average volume of 622,802. The business's 50-day moving average is $212.76 and its 200-day moving average is $222.43. 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 has a one year low of $169.00 and a one year high of $250.82. The company has a market cap of $17.84 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 2.41 and a beta of 0.77.

Packaging Co. of America (NYSE:PKG - Get Free Report) last released its earnings results 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 net margin of 9.60% and a return on equity of 19.67%. Equities research 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $5.00 annualized dividend and a yield of 2.52%. Packaging Co. of America's dividend payout ratio is currently 55.99%.

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.