American Century Companies Inc. Lowers Holdings in Packaging Co. of America (NYSE:PKG)

American Century Companies Inc. decreased its position in Packaging Co. of America (NYSE:PKG - Free Report) by 42.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 902,507 shares of the industrial products company's stock after selling 673,591 shares during the period. American Century Companies Inc. owned about 1.00% of Packaging Co. of America worth $203,182,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. State Street Corp grew its position in shares of Packaging Co. of America by 3.2% during the 3rd quarter. State Street Corp now owns 3,948,546 shares of the industrial products company's stock valued at $855,212,000 after acquiring an additional 123,050 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Packaging Co. of America by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,069,949 shares of the industrial products company's stock valued at $691,138,000 after purchasing an additional 132,836 shares during the period. Geode Capital Management LLC increased its position 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 valued at $501,896,000 after buying an additional 12,936 shares in the last quarter. Boston Partners raised its stake in shares of Packaging Co. of America by 7.0% during the 4th quarter. Boston Partners now owns 1,565,351 shares of the industrial products company's stock worth $352,305,000 after buying an additional 101,755 shares during the period. Finally, FMR LLC lifted its position in shares of Packaging Co. of America by 3.4% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 89.78% of the company's stock.

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Packaging Co. of America Price Performance

PKG stock traded down $2.19 during mid-day trading on Tuesday, reaching $198.62. The company's stock had a trading volume of 780,881 shares, compared to its average volume of 620,896. The stock has a market cap of $17.84 billion, a PE ratio of 22.24, a P/E/G ratio of 2.41 and a beta of 0.77. The company's 50 day moving average is $213.43 and its two-hundred day moving average is $222.45. Packaging Co. of America has a fifty-two week low of $169.00 and a fifty-two week 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.

Packaging Co. of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The industrial products company reported $2.47 EPS for the quarter, missing the consensus estimate 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%. Equities research analysts expect that Packaging Co. of America will post 10.44 EPS for the current year.

Packaging Co. of America Dividend Announcement

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. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Friday, March 14th. Packaging Co. of America's dividend payout ratio is currently 55.99%.

Wall Street Analysts Forecast Growth

PKG has been the subject of several recent analyst reports. Citigroup boosted their price target on shares of Packaging Co. of America from $232.00 to $235.00 and gave the stock a "neutral" rating in a report on Monday, January 6th. Seaport Res Ptn raised shares of Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 13th. StockNews.com lowered shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Friday. Truist Financial reiterated a "buy" rating and set a $265.00 price objective (down from $282.00) on shares of Packaging Co. of America in a research note on Thursday, January 30th. Finally, Jefferies Financial Group upgraded Packaging Co. of America from a "hold" rating to a "buy" rating and raised their target price for the company from $215.00 to $280.00 in a research report on Wednesday, December 18th. 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.