Mizuho Securities USA LLC Acquires 2,669 Shares of Packaging Co. of America (NYSE:PKG)

Mizuho Securities USA LLC lifted its holdings in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 46.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,451 shares of the industrial products company's stock after purchasing an additional 2,669 shares during the period. Mizuho Securities USA LLC's holdings in Packaging Co. of America were worth $1,903,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of Packaging Co. of America in the fourth quarter valued at approximately $779,000. Quantbot Technologies LP acquired a new stake in Packaging Co. of America in the fourth quarter worth about $5,084,000. Adams Natural Resources Fund Inc. lifted its holdings in Packaging Co. of America by 25.4% in the fourth quarter. Adams Natural Resources Fund Inc. now owns 7,400 shares of the industrial products company's stock valued at $1,666,000 after buying an additional 1,500 shares during the period. Sciencast Management LP acquired a new position in shares of Packaging Co. of America in the 4th quarter valued at $2,853,000. Finally, Summit Global Investments acquired a new position in shares of Packaging Co. of America during the 4th quarter worth about $2,715,000. 89.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PKG. Wells Fargo & Company reduced their target price on shares of Packaging Co. of America from $253.00 to $236.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. StockNews.com downgraded Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Friday. Citigroup lifted their price target 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. Truist Financial reissued a "buy" rating and set a $265.00 target price (down from $282.00) on shares of Packaging Co. of America in a report on Thursday, January 30th. Finally, Seaport Res Ptn raised shares of Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $233.00.

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Packaging Co. of America Trading Down 1.1 %

NYSE PKG traded down $2.19 on Tuesday, hitting $198.62. The company's stock had a trading volume of 999,426 shares, compared to its average volume of 621,338. The firm has a market cap of $17.84 billion, a PE ratio of 22.24, a PEG ratio of 2.41 and a beta of 0.77. The company has a quick ratio of 1.98, a current ratio of 2.95 and a debt-to-equity ratio of 0.58. Packaging Co. of America has a 1-year low of $169.00 and a 1-year high of $250.82. The company's 50-day moving average is $213.43 and its 200 day moving average is $222.45.

Packaging Co. of America (NYSE:PKG - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.51 by ($0.04). Packaging Co. of America had a return on equity of 19.67% and a net margin of 9.60%. As a group, analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Friday, March 14th. Packaging Co. of America's payout ratio is 55.99%.

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.