Bcwm LLC Acquires New Shares in Packaging Co. of America (NYSE:PKG)

Bcwm 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 Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,301 shares of the industrial products company's stock, valued at approximately $293,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Larson Financial Group LLC lifted its stake in Packaging Co. of America by 234.7% during the third quarter. Larson Financial Group LLC now owns 164 shares of the industrial products company's stock worth $35,000 after purchasing an additional 115 shares during the period. Fortitude Family Office LLC lifted its position in shares of 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 worth $37,000 after buying an additional 98 shares during the period. Centricity Wealth Management LLC acquired a new stake in Packaging Co. of America in the 4th quarter valued at $44,000. Golden State Wealth Management LLC bought a new stake in Packaging Co. of America in the fourth quarter valued at $48,000. Finally, Rialto Wealth Management LLC acquired a new position in Packaging Co. of America during the fourth quarter worth $63,000. 89.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PKG has been the topic of several recent analyst reports. Truist Financial restated a "buy" rating and issued a $265.00 target price (down previously from $282.00) on shares of Packaging Co. of America in a research note on Thursday, January 30th. StockNews.com raised shares of Packaging Co. of America from a "hold" rating to a "buy" rating in a research note on Saturday. Wells Fargo & Company cut their target price on shares of 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 upgraded Packaging Co. of America from a "hold" rating to a "buy" rating and increased their price target for the stock from $215.00 to $280.00 in a research report on Wednesday, December 18th. Finally, Seaport Res Ptn raised 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, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $233.00.

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Packaging Co. of America Price Performance

Shares of Packaging Co. of America stock traded up $1.53 during midday trading on Wednesday, reaching $201.46. The company had a trading volume of 680,058 shares, compared to its average volume of 673,209. The company has a current ratio of 2.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $208.82 and a 200 day simple moving average of $222.13. 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 $18.09 billion, a price-to-earnings ratio of 22.56, 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 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, equities research analysts forecast that Packaging Co. of America will post 10.44 earnings per share for the current year.

Packaging Co. of America Announces Dividend

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 paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Friday, March 14th. Packaging Co. of America's dividend payout ratio (DPR) is 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.