Packaging Co. of America (NYSE:PKG) Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. lowered its stake in Packaging Co. of America (NYSE:PKG - Free Report) by 25.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,028 shares of the industrial products company's stock after selling 1,342 shares during the period. Fox Run Management L.L.C.'s holdings in Packaging Co. of America were worth $907,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. State Street Corp raised its position in 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 buying an additional 123,050 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Packaging Co. of America by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,069,949 shares of the industrial products company's stock valued at $691,138,000 after purchasing an additional 132,836 shares during the period. Geode Capital Management LLC boosted its holdings in Packaging Co. of America by 0.6% during the third 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 grew its position in Packaging Co. of America by 7.0% during the fourth quarter. Boston Partners now owns 1,565,351 shares of the industrial products company's stock valued at $352,305,000 after buying an additional 101,755 shares during the period. Finally, FMR LLC raised its position in shares of Packaging Co. of America by 3.4% in the third quarter. FMR LLC now owns 1,076,350 shares of the industrial products company's stock worth $231,846,000 after acquiring an additional 35,827 shares during the period. 89.78% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of analysts have recently commented on PKG shares. Seaport Res Ptn upgraded Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 13th. StockNews.com lowered Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Jefferies Financial Group upgraded Packaging Co. of America from a "hold" rating to a "buy" rating and boosted their target price for the stock from $215.00 to $280.00 in a report on Wednesday, December 18th. Wells Fargo & Company lowered 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. Finally, Citigroup boosted their price target 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. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Packaging Co. of America currently has an average rating of "Moderate Buy" and an average target price of $233.00.

Packaging Co. of America Trading Down 0.5 %

Shares of PKG traded down $1.06 during midday trading on Thursday, hitting $198.44. 505,913 shares of the stock were exchanged, compared to its average volume of 623,723. The firm has a market cap of $17.82 billion, a P/E ratio of 22.22, a P/E/G ratio of 2.41 and a beta of 0.77. 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 stock has a fifty day simple moving average of $212.03 and a 200 day simple moving average of $222.27. Packaging Co. of America has a 52-week low of $169.00 and a 52-week high of $250.82.

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 (EPS) 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%. On average, research analysts anticipate that Packaging Co. of America will post 10.44 EPS for the current fiscal year.

Packaging Co. of America Announces Dividend

The company also recently announced 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 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 (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.