AXQ Capital LP Has $701,000 Stake in Packaging Co. of America (NYSE:PKG)

AXQ Capital LP reduced its holdings in Packaging Co. of America (NYSE:PKG - Free Report) by 45.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,112 shares of the industrial products company's stock after selling 2,553 shares during the quarter. AXQ Capital LP's holdings in Packaging Co. of America were worth $701,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Stifel Financial Corp increased its holdings in Packaging Co. of America by 1,462.2% in the third quarter. Stifel Financial Corp now owns 573,073 shares of the industrial products company's stock valued at $123,440,000 after purchasing an additional 536,389 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Packaging Co. of America in the 4th quarter valued at about $50,175,000. Conning Inc. acquired a new stake in shares of Packaging Co. of America in the fourth quarter valued at about $32,329,000. Two Sigma Advisers LP raised its position in shares of Packaging Co. of America by 218.1% during the third quarter. Two Sigma Advisers LP now owns 207,700 shares of the industrial products company's stock worth $44,739,000 after acquiring an additional 142,400 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of 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 acquiring an additional 132,836 shares during the last quarter. Institutional investors own 89.78% of the company's stock.

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Packaging Co. of America Stock Down 1.1 %

Shares of NYSE PKG traded down $2.19 during trading on Tuesday, hitting $198.62. 780,881 shares of the company traded hands, compared to its average volume of 620,896. 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 business's fifty day moving average is $213.43 and its 200 day moving average is $222.45. The firm has a market capitalization of $17.84 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 2.41 and a beta of 0.77. Packaging Co. of America has a fifty-two week low of $169.00 and a fifty-two week high of $250.82.

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

Packaging Co. of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.52%. The ex-dividend date is Friday, March 14th. Packaging Co. of America's payout ratio is currently 55.99%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Citigroup increased their target price on shares of 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. Truist Financial reiterated a "buy" rating and set a $265.00 price objective (down from $282.00) on shares of Packaging Co. of America in a research report on Thursday, January 30th. StockNews.com lowered shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a report on Friday. Seaport Res Ptn upgraded Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company dropped their price objective on Packaging Co. of America from $253.00 to $236.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Three 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 has a consensus rating of "Moderate Buy" and a consensus target price of $233.00.

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.