Commonwealth Equity Services LLC Has $14.06 Million Stock Holdings in Packaging Co. of America (NYSE:PKG)

Commonwealth Equity Services LLC increased its holdings in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,437 shares of the industrial products company's stock after acquiring an additional 4,497 shares during the period. Commonwealth Equity Services LLC owned about 0.07% of Packaging Co. of America worth $14,057,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Sanctuary Advisors LLC boosted its holdings in Packaging Co. of America by 17.0% during the third quarter. Sanctuary Advisors LLC now owns 20,270 shares of the industrial products company's stock valued at $4,366,000 after purchasing an additional 2,946 shares in the last quarter. Jackson Creek Investment Advisors LLC bought a new position in shares of Packaging Co. of America during the 4th quarter worth approximately $293,000. AlphaQuest LLC lifted its position in shares of Packaging Co. of America by 25.3% during the 4th quarter. AlphaQuest LLC now owns 9,683 shares of the industrial products company's stock worth $2,180,000 after buying an additional 1,954 shares during the period. Strategic Financial Concepts LLC acquired a new stake in Packaging Co. of America in the 4th quarter valued at $6,966,000. Finally, GAMMA Investing LLC grew its position in Packaging Co. of America by 24.2% in the fourth quarter. GAMMA Investing LLC now owns 2,431 shares of the industrial products company's stock valued at $547,000 after acquiring an additional 473 shares during the period. 89.78% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Citigroup boosted 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 note on Monday, January 6th. StockNews.com raised shares of Packaging Co. of America from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Truist Financial reissued a "buy" rating and issued a $265.00 target price (down from $282.00) on shares of Packaging Co. of America in a report on Thursday, January 30th. Seaport Res Ptn raised Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company reduced 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. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Packaging Co. of America has a consensus rating of "Moderate Buy" and an average target price of $233.00.

Packaging Co. of America Trading Down 1.5 %

NYSE:PKG traded down $2.88 during trading hours on Friday, hitting $194.30. 2,534,955 shares of the stock were exchanged, compared to its average volume of 622,449. The company has a market capitalization of $17.45 billion, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 2.41 and a beta of 0.77. Packaging Co. of America has a twelve month low of $169.00 and a twelve month high of $250.82. 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 company's 50 day moving average is $214.69 and its two-hundred day moving average is $222.34.

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

Packaging Co. of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $5.00 annualized dividend and a dividend yield of 2.57%. Packaging Co. of America's dividend payout ratio is currently 55.99%.

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.