BDF Gestion Sells 1,402 Shares of Packaging Co. of America (NYSE:PKG)

BDF Gestion decreased its holdings in Packaging Co. of America (NYSE:PKG - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,785 shares of the industrial products company's stock after selling 1,402 shares during the quarter. BDF Gestion's holdings in Packaging Co. of America were worth $2,428,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. State Street Corp grew its stake in shares of Packaging Co. of America by 3.2% in the third quarter. State Street Corp now owns 3,948,546 shares of the industrial products company's stock worth $855,212,000 after purchasing an additional 123,050 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Packaging Co. of America by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,937,113 shares of the industrial products company's stock worth $632,654,000 after purchasing an additional 98,223 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Packaging Co. of America by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,337,296 shares of the industrial products company's stock worth $501,896,000 after purchasing an additional 12,936 shares during the last quarter. FMR LLC lifted its holdings in Packaging Co. of America by 3.4% in the third quarter. FMR LLC now owns 1,076,350 shares of the industrial products company's stock valued at $231,846,000 after buying an additional 35,827 shares during the period. Finally, Stifel Financial Corp lifted its holdings in Packaging Co. of America by 1,462.2% in the third quarter. Stifel Financial Corp now owns 573,073 shares of the industrial products company's stock valued at $123,440,000 after buying an additional 536,389 shares during the period. Institutional investors own 89.78% of the company's stock.

Insider Buying and Selling

In other Packaging Co. of America news, CFO Robert P. Mundy sold 12,500 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $240.62, for a total value of $3,007,750.00. Following the completion of the sale, the chief financial officer now directly owns 43,954 shares of the company's stock, valued at approximately $10,576,211.48. This represents a 22.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Joseph Vaughn sold 2,300 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $244.89, for a total transaction of $563,247.00. Following the completion of the sale, the senior vice president now directly owns 9,197 shares of the company's stock, valued at $2,252,253.33. The trade was a 20.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,300 shares of company stock worth $8,064,152 in the last quarter. Insiders own 1.60% of the company's stock.

Packaging Co. of America Stock Down 0.6 %

Shares of NYSE PKG traded down $1.23 during trading on Monday, hitting $211.43. 1,075,368 shares of the company traded hands, compared to its average volume of 976,970. The business's fifty day moving average is $234.01 and its 200 day moving average is $220.60. Packaging Co. of America has a fifty-two week low of $159.57 and a fifty-two week high of $250.82. The firm has a market capitalization of $18.99 billion, a price-to-earnings ratio of 23.68, a P/E/G ratio of 2.29 and a beta of 0.79. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.98 and a current ratio of 2.95.

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 earnings per share 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%. Equities research analysts predict that Packaging Co. of America will post 11.15 earnings per share for the current fiscal year.

Packaging Co. of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 20th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.36%. Packaging Co. of America's dividend payout ratio is presently 55.99%.

Analyst Ratings Changes

Several research firms recently issued reports on PKG. Citigroup boosted their target price on shares of Packaging Co. of America from $232.00 to $235.00 and gave the company a "neutral" rating in a report on Monday, January 6th. StockNews.com lowered shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Jefferies Financial Group upgraded shares of Packaging Co. of America from a "hold" rating to a "buy" rating and boosted their target price for the company from $215.00 to $280.00 in a report on Wednesday, December 18th. Truist Financial restated a "buy" rating and issued a $265.00 target price (down previously from $282.00) on shares of Packaging Co. of America in a report on Thursday. Finally, Wells Fargo & Company dropped their price objective on shares of Packaging Co. of America from $253.00 to $236.00 and set an "overweight" rating on the stock in a report on Thursday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Packaging Co. of America currently has an average rating of "Moderate Buy" and a consensus 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.