Packaging Co. of America (NYSE:PKG) is Nebula Research & Development LLC's 2nd Largest Position

Nebula Research & Development LLC grew its stake in Packaging Co. of America (NYSE:PKG - Free Report) by 609.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,131 shares of the industrial products company's stock after buying an additional 14,715 shares during the period. Packaging Co. of America accounts for 0.5% of Nebula Research & Development LLC's holdings, making the stock its 2nd biggest position. Nebula Research & Development LLC's holdings in Packaging Co. of America were worth $3,857,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Kovitz Investment Group Partners LLC purchased a new position in shares of Packaging Co. of America in the fourth quarter worth $215,000. Integrated Wealth Concepts LLC increased its stake in shares of Packaging Co. of America by 17.5% in the fourth quarter. Integrated Wealth Concepts LLC now owns 1,704 shares of the industrial products company's stock worth $384,000 after acquiring an additional 254 shares during the period. Cartenna Capital LP increased its stake in shares of Packaging Co. of America by 159.0% in the fourth quarter. Cartenna Capital LP now owns 246,007 shares of the industrial products company's stock worth $55,384,000 after acquiring an additional 151,007 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in shares of Packaging Co. of America by 91.3% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 113,300 shares of the industrial products company's stock worth $25,507,000 after acquiring an additional 54,060 shares during the period. Finally, MGO One Seven LLC increased its stake in shares of Packaging Co. of America by 11.8% in the fourth quarter. MGO One Seven LLC now owns 2,657 shares of the industrial products company's stock worth $598,000 after acquiring an additional 280 shares during the period. Hedge funds and other institutional investors own 89.78% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PKG shares. Wells Fargo & Company cut their price objective on shares of Packaging Co. of America from $209.00 to $205.00 and set an "overweight" rating on the stock in a research note on Thursday. 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 research report on Monday, January 6th. Truist Financial dropped their price target on shares of Packaging Co. of America from $265.00 to $238.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Seaport Res Ptn upgraded shares of Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 13th. Finally, StockNews.com downgraded shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a report on Sunday, April 6th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Packaging Co. of America presently has an average rating of "Moderate Buy" and an average price target of $231.60.

Packaging Co. of America Price Performance

Shares of PKG stock traded up $1.90 during trading hours on Monday, reaching $186.72. The company had a trading volume of 845,002 shares, compared to its average volume of 698,923. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.98 and a current ratio of 2.95. The stock has a fifty day moving average of $196.03 and a 200-day moving average of $218.15. The company has a market capitalization of $16.79 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 2.41 and a beta of 0.84. Packaging Co. of America has a 12-month low of $172.37 and a 12-month high of $250.82.

Packaging Co. of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.21 by $0.10. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.12 billion. Packaging Co. of America had a return on equity of 19.67% and a net margin of 9.60%. On average, equities analysts anticipate that Packaging Co. of America will post 10.44 earnings per share for the current year.

Packaging Co. of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were given a $1.25 dividend. The ex-dividend date was Friday, March 14th. This represents a $5.00 annualized dividend and a yield of 2.68%. Packaging Co. of America's payout ratio is 52.30%.

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.