Czech National Bank Buys 1,171 Shares of Packaging Co. of America (NYSE:PKG)

Czech National Bank grew its holdings in Packaging Co. of America (NYSE:PKG - Free Report) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,334 shares of the industrial products company's stock after purchasing an additional 1,171 shares during the period. Czech National Bank's holdings in Packaging Co. of America were worth $4,353,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. State Street Corp boosted its position in Packaging Co. of America by 3.2% during the third quarter. State Street Corp now owns 3,948,546 shares of the industrial products company's stock valued at $855,212,000 after purchasing an additional 123,050 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Packaging Co. of America by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,937,113 shares of the industrial products company's stock valued at $632,654,000 after buying an additional 98,223 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Packaging Co. of America by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,337,296 shares of the industrial products company's stock valued at $501,896,000 after buying an additional 12,936 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Packaging Co. of America by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,153,732 shares of the industrial products company's stock valued at $210,636,000 after buying an additional 86,005 shares in the last quarter. Finally, FMR LLC increased its holdings 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 buying an additional 35,827 shares during the last quarter. Institutional investors own 89.78% of the company's stock.

Analyst Upgrades and Downgrades

PKG has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their price target on shares of Packaging Co. of America from $235.00 to $253.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. StockNews.com upgraded shares of Packaging Co. of America from a "hold" rating to a "buy" rating in a research note on Tuesday, December 24th. Citigroup boosted their price target on Packaging Co. of America from $232.00 to $235.00 and gave the stock a "neutral" rating in a research report on Monday, January 6th. Jefferies Financial Group raised Packaging Co. of America from a "hold" rating to a "buy" rating and raised their price objective for the company from $215.00 to $280.00 in a research report on Wednesday, December 18th. Finally, Truist Financial lifted their target price on Packaging Co. of America from $252.00 to $282.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Packaging Co. of America has a consensus rating of "Moderate Buy" and a consensus price target of $238.67.

Insiders Place Their Bets

In other news, CFO Robert P. Mundy sold 12,500 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $240.62, for a total transaction of $3,007,750.00. Following the sale, the chief financial officer now directly owns 43,954 shares of the company's stock, valued at approximately $10,576,211.48. This represents a 22.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Donald R. Shirley sold 8,000 shares of the company's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $240.20, for a total transaction of $1,921,600.00. Following the sale, the senior vice president now directly owns 15,725 shares of the company's stock, valued at $3,777,145. This represents a 33.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,300 shares of company stock worth $8,064,152 in the last quarter. Corporate insiders own 1.70% of the company's stock.

Packaging Co. of America Stock Performance

Shares of Packaging Co. of America stock traded down $0.06 on Thursday, hitting $235.14. The stock had a trading volume of 895,320 shares, compared to its average volume of 869,922. The stock has a market cap of $21.12 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 2.24 and a beta of 0.79. The business's 50 day moving average is $235.84 and its two-hundred day moving average is $216.08. The company has a quick ratio of 1.98, a current ratio of 2.95 and a debt-to-equity ratio of 0.58. Packaging Co. of America has a twelve month low of $159.57 and a twelve month high of $250.82.

Packaging Co. of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.15. The firm had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $2.09 billion. Packaging Co. of America had a return on equity of 19.10% and a net margin of 9.46%. The company's quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.05 EPS. Analysts forecast that Packaging Co. of America will post 9.08 EPS for the current year.

Packaging Co. of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Friday, December 20th. Packaging Co. of America's dividend payout ratio is currently 58.28%.

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.