Packaging Co. of America (NYSE:PKG) Shares Purchased by Invesco Ltd.

Invesco Ltd. increased its position in Packaging Co. of America (NYSE:PKG - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,853,092 shares of the industrial products company's stock after acquiring an additional 14,775 shares during the period. Invesco Ltd. owned approximately 2.06% of Packaging Co. of America worth $417,187,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Fortitude Family Office LLC boosted its position in shares of Packaging Co. of America by 150.8% in the fourth 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 bought a new position in shares of Packaging Co. of America during the 4th quarter worth about $44,000. Golden State Wealth Management LLC bought a new position in Packaging Co. of America in the fourth quarter worth $48,000. Rialto Wealth Management LLC bought a new stake in shares of Packaging Co. of America in the 4th quarter valued at approximately $63,000. Finally, Intact Investment Management Inc. bought a new position in Packaging Co. of America during the 4th quarter valued at about $68,000. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Co. of America Stock Up 1.0 %

Shares of PKG traded up $1.93 on Monday, reaching $190.87. The stock had a trading volume of 88,683 shares, compared to its average volume of 696,471. Packaging Co. of America has a 12-month low of $169.00 and a 12-month high of $250.82. The company has a 50-day simple moving average of $200.77 and a 200-day simple moving average of $220.10. The firm has a market capitalization of $17.16 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 2.41 and a beta of 0.84. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.98 and a current ratio of 2.95.

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Packaging Co. of America (NYSE:PKG - Get Free Report) last announced its earnings results on Tuesday, January 28th. The industrial products company reported $2.47 earnings per share (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%. Sell-side analysts predict that Packaging Co. of America will post 10.44 EPS for the current 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 issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, March 14th. Packaging Co. of America's payout ratio is presently 55.99%.

Analyst Ratings Changes

A number of brokerages recently weighed in on PKG. Wells Fargo & Company cut their price target on shares of Packaging Co. of America from $236.00 to $209.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Jefferies Financial Group upgraded shares of Packaging Co. of America from a "hold" rating to a "buy" rating and increased their target price for the stock from $215.00 to $280.00 in a research report on Wednesday, December 18th. StockNews.com downgraded shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Sunday, April 6th. Seaport Res Ptn upgraded shares of Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 13th. Finally, 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 report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $237.80.

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.