Packaging Co. of America (NYSE:PKG) Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. boosted its stake in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 42.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 35,016 shares of the industrial products company's stock after buying an additional 10,408 shares during the period. Edgestream Partners L.P.'s holdings in Packaging Co. of America were worth $7,883,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PKG. Farther Finance Advisors LLC raised its holdings in Packaging Co. of America by 25.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 591 shares of the industrial products company's stock valued at $127,000 after buying an additional 120 shares during the period. Janney Montgomery Scott LLC raised its holdings in Packaging Co. of America by 1.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 36,536 shares of the industrial products company's stock valued at $7,870,000 after buying an additional 633 shares during the period. Van ECK Associates Corp increased its stake in Packaging Co. of America by 11.0% in the third quarter. Van ECK Associates Corp now owns 14,039 shares of the industrial products company's stock worth $3,210,000 after purchasing an additional 1,392 shares during the period. National Pension Service increased its stake in Packaging Co. of America by 25.8% in the third quarter. National Pension Service now owns 175,794 shares of the industrial products company's stock worth $37,866,000 after purchasing an additional 36,059 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in Packaging Co. of America by 4.3% in the third quarter. Asset Management One Co. Ltd. now owns 39,190 shares of the industrial products company's stock worth $8,442,000 after purchasing an additional 1,613 shares during the period. Hedge funds and other institutional investors own 89.78% of the company's stock.

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Analyst Ratings Changes

A number of analysts have weighed in on PKG shares. Seaport Res Ptn upgraded Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 13th. StockNews.com raised Packaging Co. of America from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Truist Financial restated a "buy" rating and issued a $265.00 price objective (down from $282.00) on shares of Packaging Co. of America in a research note on Thursday, January 30th. Jefferies Financial Group upgraded Packaging Co. of America from a "hold" rating to a "buy" rating and raised their price objective for the stock from $215.00 to $280.00 in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company reduced their price target on Packaging Co. of America from $253.00 to $236.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $233.00.

Packaging Co. of America Stock Performance

PKG stock traded up $3.02 during trading on Friday, hitting $206.82. 805,510 shares of the company traded hands, compared to its average volume of 922,289. The stock's 50-day simple moving average is $219.91 and its 200 day simple moving average is $222.94. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.95 and a quick ratio of 1.98. The company has a market cap of $18.57 billion, a PE ratio of 23.16, a P/E/G ratio of 2.41 and a beta of 0.77. Packaging Co. of America has a 1 year low of $169.00 and a 1 year high of $250.82.

Packaging Co. of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The industrial products company reported $2.47 EPS for the quarter, missing analysts' consensus estimates 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, equities analysts expect that Packaging Co. of America will post 10.44 earnings per share for the current fiscal year.

Packaging Co. of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, March 14th. Packaging Co. of America's dividend payout ratio (DPR) is presently 55.99%.

About Packaging Co. of America

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.