Inceptionr LLC Has $2.38 Million Holdings in Packaging Co. of America (NYSE:PKG)

Inceptionr LLC lifted its stake in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 193.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,583 shares of the industrial products company's stock after purchasing an additional 6,982 shares during the period. Packaging Co. of America accounts for 0.5% of Inceptionr LLC's holdings, making the stock its 7th biggest position. Inceptionr LLC's holdings in Packaging Co. of America were worth $2,383,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PKG. Raymond James Financial Inc. bought a new stake in Packaging Co. of America in the 4th quarter valued at $50,175,000. Arizona State Retirement System grew its holdings in Packaging Co. of America by 1.4% in the 4th quarter. Arizona State Retirement System now owns 26,086 shares of the industrial products company's stock valued at $5,873,000 after buying an additional 359 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Packaging Co. of America in the 4th quarter valued at $25,291,000. Assetmark Inc. grew its holdings in Packaging Co. of America by 54.6% in the 4th quarter. Assetmark Inc. now owns 416 shares of the industrial products company's stock valued at $94,000 after buying an additional 147 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its holdings in Packaging Co. of America by 14.1% in the 4th quarter. Bahl & Gaynor Inc. now owns 225,834 shares of the industrial products company's stock valued at $50,842,000 after buying an additional 27,924 shares in the last quarter. Institutional investors own 89.78% of the company's stock.

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Packaging Co. of America Price Performance

NYSE:PKG traded up $3.02 during trading hours on Friday, hitting $206.82. The company's stock had a trading volume of 805,510 shares, compared to its average volume of 922,289. 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 capitalization of $18.57 billion, a P/E ratio of 23.16, a PEG ratio of 2.41 and a beta of 0.77. Packaging Co. of America has a twelve month low of $169.00 and a twelve month high of $250.82. The stock has a fifty day simple moving average of $219.91 and a 200-day simple moving average of $222.94.

Packaging Co. of America (NYSE:PKG - Get Free Report) last posted its earnings results on Tuesday, January 28th. The industrial products company reported $2.47 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 fiscal year.

Packaging Co. of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a $1.25 dividend. The ex-dividend date is Friday, March 14th. This represents a $5.00 annualized dividend and a yield of 2.42%. Packaging Co. of America's dividend payout ratio is presently 55.99%.

Wall Street Analyst Weigh In

A number of research analysts have commented on PKG shares. Truist Financial reaffirmed a "buy" rating and issued a $265.00 price objective (down from $282.00) on shares of Packaging Co. of America in a report on Thursday, January 30th. Jefferies Financial Group raised Packaging Co. of America from a "hold" rating to a "buy" rating and increased their target price for the stock from $215.00 to $280.00 in a report on Wednesday, December 18th. Seaport Res Ptn raised Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 13th. Citigroup increased their target price on Packaging Co. of America from $232.00 to $235.00 and gave the stock a "neutral" rating in a report on Monday, January 6th. Finally, Wells Fargo & Company reduced their target price on Packaging Co. of America from $253.00 to $236.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $233.00.

Packaging Co. of America 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.