Natixis Purchases 13,677 Shares of Packaging Co. of America (NYSE:PKG)

Natixis boosted its holdings in Packaging Co. of America (NYSE:PKG - Free Report) by 32.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,267 shares of the industrial products company's stock after buying an additional 13,677 shares during the period. Natixis owned approximately 0.06% of Packaging Co. of America worth $12,667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in PKG. Fortitude Family Office LLC lifted its position in Packaging Co. of America by 150.8% in the 4th 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 last quarter. Centricity Wealth Management LLC bought a new stake in Packaging Co. of America in the fourth quarter valued at approximately $44,000. Golden State Wealth Management LLC bought a new stake in Packaging Co. of America in the 4th quarter worth $48,000. Rialto Wealth Management LLC purchased a new position in Packaging Co. of America during the 4th quarter valued at about $63,000. Finally, Intact Investment Management Inc. bought a new position in shares of Packaging Co. of America during the fourth quarter valued at approximately $68,000. Hedge funds and other institutional investors own 89.78% of the company's stock.

Analyst Upgrades and Downgrades

PKG has been the topic of a number of research analyst reports. Truist Financial reduced their target price on Packaging Co. of America from $265.00 to $238.00 and set a "buy" rating on the stock in a report on Tuesday. StockNews.com cut shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a report on Sunday, April 6th. Wells Fargo & Company cut their target price on shares of Packaging Co. of America from $236.00 to $209.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Citigroup increased their target price on Packaging Co. of America from $232.00 to $235.00 and gave the company a "neutral" rating in a report on Monday, January 6th. Finally, Seaport Res Ptn raised shares of Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 13th. Two research 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $232.40.

Packaging Co. of America Price Performance

NYSE PKG traded down $1.87 during trading on Wednesday, hitting $184.55. 1,694,231 shares of the stock traded hands, compared to its average volume of 696,111. The firm has a 50-day simple moving average of $197.04 and a 200-day simple moving average of $218.50. Packaging Co. of America has a 12-month low of $169.79 and a 12-month high of $250.82. The company has a market capitalization of $16.60 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 2.41 and a beta of 0.84. 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 (NYSE:PKG - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The industrial products company reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.10. Packaging Co. of America had a net margin of 9.60% and a return on equity of 19.67%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.12 billion. As a group, analysts predict that Packaging Co. of America will post 10.44 EPS for the current year.

Packaging Co. of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend was Friday, March 14th. Packaging Co. of America's dividend payout ratio (DPR) 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.