Personal CFO Solutions LLC bought a new stake in Packaging Co. of America (NYSE:PKG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,633 shares of the industrial products company's stock, valued at approximately $368,000.
A number of other large investors have also added to or reduced their stakes in the company. Rialto Wealth Management LLC purchased a new stake in Packaging Co. of America during the fourth quarter valued at approximately $63,000. Machina Capital S.A.S. purchased a new stake in Packaging Co. of America in the fourth quarter valued at approximately $2,406,000. Edgestream Partners L.P. increased its holdings in Packaging Co. of America by 42.3% in the 4th quarter. Edgestream Partners L.P. now owns 35,016 shares of the industrial products company's stock worth $7,883,000 after buying an additional 10,408 shares during the period. Jackson Creek Investment Advisors LLC purchased a new position in Packaging Co. of America during the 4th quarter worth approximately $293,000. Finally, Beacon Harbor Wealth Advisors Inc. lifted its stake in Packaging Co. of America by 2.9% during the 4th quarter. Beacon Harbor Wealth Advisors Inc. now owns 29,197 shares of the industrial products company's stock valued at $6,573,000 after acquiring an additional 829 shares during the period. 89.78% of the stock is currently owned by institutional investors.
Packaging Co. of America Price Performance
NYSE:PKG traded up $0.09 during trading hours on Wednesday, reaching $197.54. 189,768 shares of the company were exchanged, compared to its average volume of 613,355. The stock's 50-day moving average is $218.85 and its 200-day moving average is $223.03. Packaging Co. of America has a twelve month low of $169.00 and a twelve month high of $250.82. The firm has a market cap of $17.74 billion, a PE ratio of 22.11, 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 (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%. On average, sell-side analysts anticipate that Packaging Co. of America will post 10.44 earnings per share for the current fiscal year.
Packaging Co. of America Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Friday, March 14th. Packaging Co. of America's payout ratio is presently 55.99%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the stock. Seaport Res Ptn raised shares of Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 13th. Truist Financial reiterated 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 note on Thursday, January 30th. Jefferies Financial Group upgraded Packaging Co. of America from a "hold" rating to a "buy" rating and upped their target price for the stock from $215.00 to $280.00 in a research note on Wednesday, December 18th. StockNews.com raised Packaging Co. of America from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, Citigroup lifted 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. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $233.00.
Check Out Our Latest 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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