AlphaQuest LLC Acquires 1,954 Shares of Packaging Co. of America (NYSE:PKG)

AlphaQuest LLC raised its holdings in Packaging Co. of America (NYSE:PKG - Free Report) by 25.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,683 shares of the industrial products company's stock after purchasing an additional 1,954 shares during the quarter. AlphaQuest LLC's holdings in Packaging Co. of America were worth $2,180,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Larson Financial Group LLC boosted its holdings in shares of Packaging Co. of America by 234.7% in the 3rd quarter. Larson Financial Group LLC now owns 164 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 115 shares in the last quarter. Fortitude Family Office LLC lifted its stake in shares of Packaging Co. of America by 150.8% in the 4th quarter. Fortitude Family Office LLC now owns 163 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 98 shares during the last quarter. Centricity Wealth Management LLC bought a new position in shares of Packaging Co. of America in the 4th quarter valued at $44,000. Golden State Wealth Management LLC bought a new position in shares of Packaging Co. of America in the 4th quarter valued at $48,000. Finally, Assetmark Inc. lifted its stake in shares of Packaging Co. of America by 44.6% in the 3rd quarter. Assetmark Inc. now owns 269 shares of the industrial products company's stock valued at $58,000 after acquiring an additional 83 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Co. of America Trading Down 0.0 %

NYSE:PKG traded down $0.10 during trading hours on Wednesday, hitting $197.35. 686,739 shares of the company were exchanged, compared to its average volume of 616,034. The stock has a market capitalization of $17.72 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 2.41 and a beta of 0.77. The company has a current ratio of 2.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.58. Packaging Co. of America has a one year low of $169.00 and a one year high of $250.82. The company has a fifty day simple moving average of $218.29 and a 200 day simple moving average of $222.85.

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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 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%. Sell-side analysts expect that Packaging Co. of America will post 10.44 EPS for the current fiscal year.

Packaging Co. of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, March 14th. Packaging Co. of America's dividend payout ratio (DPR) is presently 55.99%.

Analysts Set New Price Targets

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