Packaging Co. of America (NYSE:PKG) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its position in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,324 shares of the industrial products company's stock after selling 2,915 shares during the period. Los Angeles Capital Management LLC owned approximately 0.06% of Packaging Co. of America worth $11,780,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PKG. Allworth Financial LP raised its stake in shares of Packaging Co. of America by 65.1% in the third quarter. Allworth Financial LP now owns 312 shares of the industrial products company's stock valued at $67,000 after purchasing an additional 123 shares in the last quarter. Forsta AP Fonden increased its position in shares of Packaging Co. of America by 4.5% during the 3rd quarter. Forsta AP Fonden now owns 18,700 shares of the industrial products company's stock worth $4,028,000 after purchasing an additional 800 shares in the last quarter. Pallas Capital Advisors LLC bought a new position in Packaging Co. of America during the 3rd quarter valued at about $356,000. First Trust Direct Indexing L.P. boosted its holdings in shares of Packaging Co. of America by 9.9% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,943 shares of the industrial products company's stock worth $634,000 after acquiring an additional 264 shares in the last quarter. Finally, Diversify Wealth Management LLC bought a new stake in shares of Packaging Co. of America during the third quarter worth $10,526,000. Institutional investors and hedge funds own 89.78% of the company's stock.

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Insider Buying and Selling

In other news, SVP Joseph Vaughn sold 2,300 shares of Packaging Co. of America stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $244.89, for a total value of $563,247.00. Following the transaction, the senior vice president now owns 9,197 shares in the company, valued at approximately $2,252,253.33. The trade was a 20.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Packaging Co. of America Trading Up 1.1 %

PKG traded up $2.33 during midday trading on Friday, hitting $213.08. 747,330 shares of the company were exchanged, compared to its average volume of 913,916. The firm has a market capitalization of $19.14 billion, a P/E ratio of 23.86, a P/E/G ratio of 2.41 and a beta of 0.77. The firm's 50 day moving average price is $222.19 and its 200-day moving average price is $222.61. 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 1-year low of $169.00 and a 1-year high of $250.82.

Packaging Co. of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings results 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 fiscal year.

Packaging Co. of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a dividend of $1.25 per share. The ex-dividend date is Friday, March 14th. This represents a $5.00 dividend on an annualized basis and a yield of 2.35%. Packaging Co. of America's dividend payout ratio (DPR) is 55.99%.

Analysts Set New Price Targets

Several research firms have recently commented on PKG. Wells Fargo & Company lowered 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 note on Thursday, January 30th. Seaport Res Ptn upgraded Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 13th. Citigroup upped their price objective 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 lifted their target price for the company from $215.00 to $280.00 in a research report on Wednesday, December 18th. Finally, Truist Financial reissued a "buy" rating and issued a $265.00 price objective (down previously from $282.00) on shares of Packaging Co. of America in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Packaging Co. of America presently has a consensus rating of "Moderate Buy" and an average price target of $233.00.

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.