Corient Private Wealth LLC lowered its holdings in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,654 shares of the industrial products company's stock after selling 2,888 shares during the quarter. Corient Private Wealth LLC owned 0.14% of Packaging Co. of America worth $29,190,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in PKG. SYM FINANCIAL Corp boosted its stake in Packaging Co. of America by 3.1% during the fourth quarter. SYM FINANCIAL Corp now owns 1,405 shares of the industrial products company's stock worth $316,000 after buying an additional 42 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of Packaging Co. of America by 1.7% in the 4th quarter. Mather Group LLC. now owns 2,586 shares of the industrial products company's stock worth $582,000 after acquiring an additional 43 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Packaging Co. of America by 3.9% during the fourth quarter. UMB Bank n.a. now owns 1,165 shares of the industrial products company's stock worth $262,000 after buying an additional 44 shares during the period. Atomi Financial Group Inc. grew its position in Packaging Co. of America by 3.3% in the 4th quarter. Atomi Financial Group Inc. now owns 1,643 shares of the industrial products company's stock valued at $370,000 after acquiring an additional 52 shares in the last quarter. Finally, AlphaMark Advisors LLC lifted its holdings in Packaging Co. of America by 3.9% during the 4th quarter. AlphaMark Advisors LLC now owns 1,384 shares of the industrial products company's stock worth $312,000 after buying an additional 52 shares in the last quarter. 89.78% of the stock is owned by institutional investors.
Packaging Co. of America Price Performance
Packaging Co. of America stock traded up $0.99 during mid-day trading on Wednesday, hitting $198.60. 188,912 shares of the company were exchanged, compared to its average volume of 612,259. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.95 and a quick ratio of 1.98. Packaging Co. of America has a 12-month low of $169.00 and a 12-month high of $250.82. The business's 50 day simple moving average is $215.91 and its two-hundred day simple moving average is $222.69. The company has a market capitalization of $17.83 billion, a P/E ratio of 22.25, a PEG ratio of 2.41 and a beta of 0.77.
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 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Analysts forecast that Packaging Co. of America will post 10.44 earnings per share for the current fiscal year.
Packaging Co. of America Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid 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 dividend payout ratio is presently 55.99%.
Analyst Ratings Changes
PKG has been the topic of several analyst reports. 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 on the stock in a report on Thursday, January 30th. StockNews.com raised Packaging Co. of America from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Citigroup increased 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 note on Monday, January 6th. Truist Financial restated a "buy" rating and set a $265.00 price objective (down previously from $282.00) on shares of Packaging Co. of America in a research 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 research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $233.00.
Check Out Our Latest Stock Analysis on Packaging Co. of America
About Packaging Co. of America
(
Free Report)
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.
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