Teacher Retirement System of Texas Boosts Stock Holdings in Packaging Co. of America (NYSE:PKG)

Teacher Retirement System of Texas lifted its position in Packaging Co. of America (NYSE:PKG - Free Report) by 61.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,148 shares of the industrial products company's stock after acquiring an additional 51,962 shares during the period. Teacher Retirement System of Texas owned 0.15% of Packaging Co. of America worth $30,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in shares of Packaging Co. of America by 234.7% during the third quarter. Larson Financial Group LLC now owns 164 shares of the industrial products company's stock worth $35,000 after buying an additional 115 shares in the last quarter. Fortitude Family Office LLC boosted its position in Packaging Co. of America by 150.8% during the fourth quarter. Fortitude Family Office LLC now owns 163 shares of the industrial products company's stock worth $37,000 after acquiring an additional 98 shares during the last quarter. Centricity Wealth Management LLC purchased a new stake in Packaging Co. of America during the 4th quarter valued at about $44,000. Golden State Wealth Management LLC acquired a new stake in Packaging Co. of America in the 4th quarter valued at about $48,000. Finally, Rialto Wealth Management LLC acquired a new stake in Packaging Co. of America in the 4th quarter valued at about $63,000. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Packaging Co. of America Trading Down 1.1 %

PKG traded down $2.19 on Tuesday, hitting $198.62. The company had a trading volume of 999,426 shares, compared to its average volume of 620,896. The company's fifty day moving average price is $213.43 and its 200 day moving average price is $222.45. Packaging Co. of America has a 1 year low of $169.00 and a 1 year high of $250.82. The company has a current ratio of 2.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.58. The firm has a market cap of $17.84 billion, a P/E ratio of 22.24, a PEG ratio of 2.41 and a beta of 0.77.

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Packaging Co. of America (NYSE:PKG - Get Free Report) last released its quarterly earnings results 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 net margin of 9.60% and a return on equity of 19.67%. As a group, equities analysts expect that Packaging Co. of America will post 10.44 earnings per share for the current year.

Packaging Co. of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $5.00 annualized dividend and a dividend yield of 2.52%. Packaging Co. of America's dividend payout ratio is presently 55.99%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. StockNews.com lowered Packaging Co. of America from a "buy" rating to a "hold" rating in a research report on Friday. Truist Financial restated a "buy" rating and issued a $265.00 target price (down from $282.00) on shares of Packaging Co. of America in a report on Thursday, January 30th. Seaport Res Ptn upgraded Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 13th. Jefferies Financial Group raised shares of Packaging Co. of America from a "hold" rating to a "buy" rating and upped their price objective for the company from $215.00 to $280.00 in a report on Wednesday, December 18th. Finally, 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 research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $233.00.

Packaging Co. of America Company 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.