Packaging Co. of America (NYSE:PKG) Position Boosted by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC boosted its holdings in Packaging Co. of America (NYSE:PKG - Free Report) by 5,561.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,642 shares of the industrial products company's stock after purchasing an additional 4,560 shares during the quarter. New Age Alpha Advisors LLC's holdings in Packaging Co. of America were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Packaging Co. of America by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 11,423,715 shares of the industrial products company's stock worth $2,571,821,000 after acquiring an additional 133,575 shares during the period. State Street Corp raised its stake in Packaging Co. of America by 3.2% during the third quarter. State Street Corp now owns 3,948,546 shares of the industrial products company's stock worth $855,212,000 after purchasing an additional 123,050 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Packaging Co. of America by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,069,949 shares of the industrial products company's stock worth $691,138,000 after purchasing an additional 132,836 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Packaging Co. of America by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,337,296 shares of the industrial products company's stock valued at $501,896,000 after purchasing an additional 12,936 shares during the last quarter. Finally, Boston Partners grew its stake in shares of Packaging Co. of America by 7.0% during the 4th 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. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

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Packaging Co. of America Stock Up 0.8 %

Shares of Packaging Co. of America stock traded up $1.53 during trading on Wednesday, reaching $201.46. The company had a trading volume of 680,063 shares, compared to its average volume of 674,387. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.98 and a current ratio of 2.95. Packaging Co. of America has a fifty-two week low of $169.00 and a fifty-two week high of $250.82. The firm's fifty day moving average is $208.05 and its 200-day moving average is $221.99. The company has a market cap of $18.09 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 2.41 and a beta of 0.77.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.04). Packaging Co. of America had a net margin of 9.60% and a return on equity of 19.67%. On average, analysts anticipate that Packaging Co. of America will post 10.44 EPS for the current year.

Packaging Co. of America Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, March 14th. Packaging Co. of America's dividend payout ratio (DPR) is presently 55.99%.

Wall Street Analyst Weigh In

PKG has been the topic of several research reports. 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. Truist Financial reiterated a "buy" rating and set a $265.00 target price (down from $282.00) on shares of Packaging Co. of America in a report on Thursday, January 30th. StockNews.com upgraded Packaging Co. of America from a "hold" rating to a "buy" rating in a report on Saturday. Wells Fargo & Company dropped their price objective on shares of 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 raised 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 report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Packaging Co. of America presently has a consensus rating of "Moderate Buy" and an average target price of $233.00.

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.