Proficio Capital Partners LLC Purchases Shares of 112,340 Packaging Co. of America (NYSE:PKG)

Proficio Capital Partners LLC bought a new position in shares of Packaging Co. of America (NYSE:PKG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 112,340 shares of the industrial products company's stock, valued at approximately $25,291,000. Proficio Capital Partners LLC owned 0.13% of Packaging Co. of America as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SYM FINANCIAL Corp lifted its stake in shares of Packaging Co. of America by 3.1% during the 4th quarter. SYM FINANCIAL Corp now owns 1,405 shares of the industrial products company's stock worth $316,000 after purchasing an additional 42 shares during the last quarter. Mather Group LLC. lifted its position in shares of Packaging Co. of America by 1.7% during the fourth quarter. Mather Group LLC. now owns 2,586 shares of the industrial products company's stock valued at $582,000 after buying an additional 43 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Packaging Co. of America by 3.9% in the 4th quarter. UMB Bank n.a. now owns 1,165 shares of the industrial products company's stock valued at $262,000 after buying an additional 44 shares in the last quarter. Deseret Mutual Benefit Administrators grew its position in shares of Packaging Co. of America by 15.2% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 371 shares of the industrial products company's stock worth $80,000 after buying an additional 49 shares during the last quarter. Finally, AlphaMark Advisors LLC raised its stake in shares of 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 acquiring an additional 52 shares in the last quarter. Institutional investors own 89.78% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PKG shares. StockNews.com upgraded shares of Packaging Co. of America from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Seaport Res Ptn raised Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 13th. Wells Fargo & Company reduced their target price on Packaging Co. of America from $253.00 to $236.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Truist Financial reissued a "buy" rating and issued a $265.00 price target (down previously from $282.00) on shares of Packaging Co. of America in a report on Thursday, January 30th. Finally, Citigroup upped their price objective 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 equities 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $233.00.

Packaging Co. of America Stock Performance

Shares of PKG stock traded down $5.25 during mid-day trading on Tuesday, reaching $204.16. The stock had a trading volume of 612,415 shares, compared to its average volume of 902,568. Packaging Co. of America has a 1-year low of $169.00 and a 1-year high of $250.82. The firm has a market cap of $18.33 billion, a price-to-earnings ratio of 22.94, a PEG 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. The business's fifty day moving average is $221.83 and its 200-day moving average is $222.91.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, research analysts forecast that Packaging Co. of America will post 10.44 earnings per share for the current year.

Packaging Co. of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Friday, March 14th. Packaging Co. of America's dividend payout ratio is currently 55.99%.

About Packaging Co. of America

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.