Lbp Am Sa Boosts Position in Packaging Co. of America (NYSE:PKG)

LBP AM SA increased its holdings in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 16.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,584 shares of the industrial products company's stock after purchasing an additional 5,104 shares during the quarter. LBP AM SA's holdings in Packaging Co. of America were worth $8,236,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PKG. Stifel Financial Corp increased its position in shares of Packaging Co. of America by 1,462.2% during the 3rd quarter. Stifel Financial Corp now owns 573,073 shares of the industrial products company's stock worth $123,440,000 after purchasing an additional 536,389 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Packaging Co. of America in the 4th quarter valued at about $50,175,000. Conning Inc. acquired a new position in Packaging Co. of America in the 4th quarter valued at about $32,329,000. Two Sigma Advisers LP grew its position in Packaging Co. of America by 218.1% in the 3rd quarter. Two Sigma Advisers LP now owns 207,700 shares of the industrial products company's stock valued at $44,739,000 after acquiring an additional 142,400 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in 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 acquiring an additional 132,836 shares in the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several equities analysts have weighed in on the company. Truist Financial reaffirmed a "buy" rating and issued a $265.00 target price (down from $282.00) on shares of Packaging Co. of America in a research report on Thursday, January 30th. StockNews.com raised Packaging Co. of America from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Seaport Res Ptn raised Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 13th. Wells Fargo & Company dropped their target price on Packaging Co. of America from $253.00 to $236.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Finally, Citigroup lifted their target price on 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. 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $233.00.

Packaging Co. of America Stock Up 0.4 %

Shares of Packaging Co. of America stock traded up $0.73 on Wednesday, reaching $198.34. 817,490 shares of the company were exchanged, compared to its average volume of 614,702. 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 cap of $17.81 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 2.41 and a beta of 0.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.95 and a quick ratio of 1.98. The stock's 50 day moving average price is $215.91 and its 200-day moving average price is $222.69.

Packaging Co. of America (NYSE:PKG - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The industrial products company reported $2.47 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%. As a group, equities analysts forecast that Packaging Co. of America will post 10.44 EPS for the current year.

Packaging Co. of America Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Friday, March 14th. Packaging Co. of America's payout ratio is 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.