Stephens Inc. AR Boosts Stock Position in Packaging Co. of America (NYSE:PKG)

Stephens Inc. AR lifted its position in Packaging Co. of America (NYSE:PKG - Free Report) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,907 shares of the industrial products company's stock after purchasing an additional 2,452 shares during the quarter. Stephens Inc. AR owned about 0.09% of Packaging Co. of America worth $17,643,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PKG. Asset Dedication LLC lifted its stake in Packaging Co. of America by 200.0% during the 2nd quarter. Asset Dedication LLC now owns 168 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 112 shares during the period. Central Pacific Bank Trust Division acquired a new position in Packaging Co. of America during the third quarter valued at $32,000. Tortoise Investment Management LLC acquired a new position in Packaging Co. of America during the second quarter valued at $33,000. Headlands Technologies LLC purchased a new stake in Packaging Co. of America in the first quarter valued at $43,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Packaging Co. of America during the 2nd quarter worth about $50,000. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Co. of America Price Performance

PKG traded up $1.05 during trading on Friday, hitting $229.99. The company's stock had a trading volume of 655,677 shares, compared to its average volume of 600,453. The company has a current ratio of 2.43, a quick ratio of 1.71 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $20.66 billion, a price-to-earnings ratio of 26.81, a P/E/G ratio of 3.24 and a beta of 0.77. The business's fifty day simple moving average is $214.85 and its 200 day simple moving average is $195.67. Packaging Co. of America has a twelve month low of $148.50 and a twelve month high of $232.98.

Packaging Co. of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.50 by $0.15. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.09 billion. Packaging Co. of America had a net margin of 9.46% and a return on equity of 19.35%. The firm's revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 EPS. On average, equities research analysts forecast that Packaging Co. of America will post 9 EPS for the current fiscal year.

Packaging Co. of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, October 15th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Monday, September 16th. Packaging Co. of America's dividend payout ratio is presently 58.28%.

Wall Street Analyst Weigh In

PKG has been the subject of several analyst reports. StockNews.com raised Packaging Co. of America from a "hold" rating to a "buy" rating in a report on Tuesday, October 22nd. Wells Fargo & Company boosted their price target on Packaging Co. of America from $235.00 to $253.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Truist Financial reaffirmed a "buy" rating and set a $252.00 price objective (up previously from $242.00) on shares of Packaging Co. of America in a research note on Thursday, October 24th. Finally, Citigroup boosted 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 note on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $221.60.

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.