SG Americas Securities LLC Has $364,000 Position in Packaging Co. of America (NYSE:PKG)

SG Americas Securities LLC lessened its position in Packaging Co. of America (NYSE:PKG - Free Report) by 96.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,692 shares of the industrial products company's stock after selling 42,064 shares during the quarter. SG Americas Securities LLC's holdings in Packaging Co. of America were worth $364,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PKG. Coldstream Capital Management Inc. grew its stake in shares of Packaging Co. of America by 1.4% in the second quarter. Coldstream Capital Management Inc. now owns 3,859 shares of the industrial products company's stock worth $704,000 after acquiring an additional 54 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Packaging Co. of America by 0.6% during the second quarter. Daiwa Securities Group Inc. now owns 9,713 shares of the industrial products company's stock valued at $1,773,000 after buying an additional 56 shares during the last quarter. Moors & Cabot Inc. lifted its stake in shares of Packaging Co. of America by 2.1% in the second quarter. Moors & Cabot Inc. now owns 2,689 shares of the industrial products company's stock valued at $491,000 after buying an additional 56 shares during the period. Evergreen Capital Management LLC grew its position in Packaging Co. of America by 2.4% during the second quarter. Evergreen Capital Management LLC now owns 2,461 shares of the industrial products company's stock worth $452,000 after buying an additional 57 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Packaging Co. of America by 2.8% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,160 shares of the industrial products company's stock worth $410,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company's stock.

Insiders Place Their Bets

In other Packaging Co. of America news, EVP Charles J. Carter sold 5,389 shares of the company's stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $196.28, for a total transaction of $1,057,752.92. Following the sale, the executive vice president now directly owns 25,539 shares of the company's stock, valued at approximately $5,012,794.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Donald R. Shirley sold 6,000 shares of the company's stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $196.28, for a total transaction of $1,177,680.00. Following the transaction, the senior vice president now directly owns 20,772 shares in the company, valued at approximately $4,077,128.16. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles J. Carter sold 5,389 shares of the company's stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $196.28, for a total transaction of $1,057,752.92. Following the transaction, the executive vice president now owns 25,539 shares in the company, valued at $5,012,794.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PKG shares. Wells Fargo & Company upped their target price on Packaging Co. of America from $215.00 to $235.00 and gave the company an "overweight" rating in a research note on Monday, October 7th. Truist Financial raised their price objective on shares of Packaging Co. of America from $219.00 to $242.00 and gave the stock a "buy" rating in a report on Tuesday. Citigroup lifted their target price on shares of Packaging Co. of America from $199.00 to $221.00 and gave the company a "neutral" rating in a research report on Wednesday, October 2nd. Finally, StockNews.com cut shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Saturday, September 28th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $216.00.

Packaging Co. of America Price Performance

NYSE PKG traded down $0.28 on Friday, reaching $220.12. The company's stock had a trading volume of 713,074 shares, compared to its average volume of 596,681. The firm has a market cap of $19.77 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 4.32 and a beta of 0.77. The business has a 50-day moving average price of $209.17 and a 200 day moving average price of $192.99. Packaging Co. of America has a 52 week low of $143.82 and a 52 week high of $222.98. The company has a current ratio of 2.43, a quick ratio of 1.71 and a debt-to-equity ratio of 0.60.

Packaging Co. of America (NYSE:PKG - Get Free Report) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $2.14 by $0.06. The business had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.02 billion. Packaging Co. of America had a net margin of 9.06% and a return on equity of 18.21%. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.31 earnings per share. Sell-side analysts expect that Packaging Co. of America will post 8.73 EPS for the current year.

Packaging Co. of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, October 15th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $5.00 annualized dividend and a yield of 2.27%. Packaging Co. of America's dividend payout ratio is 62.74%.

Packaging Co. of America Company Profile

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers various containerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.