Sylvest Advisors LLC Makes New $511,000 Investment in Packaging Co. of America (NYSE:PKG)

Sylvest Advisors LLC acquired a new stake in shares of Packaging Co. of America (NYSE:PKG - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,271 shares of the industrial products company's stock, valued at approximately $511,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. SYM FINANCIAL Corp raised its stake in Packaging Co. of America by 3.1% during the fourth 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 period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Packaging Co. of America by 4.7% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,629 shares of the industrial products company's stock valued at $592,000 after buying an additional 119 shares in the last quarter. Caprock Group LLC grew its position in Packaging Co. of America by 18.7% during the 4th quarter. Caprock Group LLC now owns 2,925 shares of the industrial products company's stock worth $662,000 after purchasing an additional 460 shares during the last quarter. Baring Financial LLC purchased a new stake in Packaging Co. of America during the 4th quarter valued at approximately $241,000. Finally, Forsta AP Fonden increased its holdings in shares of Packaging Co. of America by 1.1% in the fourth quarter. Forsta AP Fonden now owns 18,900 shares of the industrial products company's stock valued at $4,255,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 89.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Citigroup boosted 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. StockNews.com downgraded shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Jefferies Financial Group raised shares of Packaging Co. of America from a "hold" rating to a "buy" rating and boosted their price objective for the company from $215.00 to $280.00 in a research note on Wednesday, December 18th. Truist Financial reaffirmed a "buy" rating and set a $265.00 price target (down from $282.00) on shares of Packaging Co. of America in a research report on Thursday, January 30th. Finally, Wells Fargo & Company lowered their target price on shares of 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. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Packaging Co. of America has a consensus rating of "Moderate Buy" and an average price target of $233.00.

Packaging Co. of America Trading Down 0.3 %

Shares of PKG stock traded down $0.60 during trading hours on Wednesday, reaching $210.04. The company had a trading volume of 406,085 shares, compared to its average volume of 951,218. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.95 and a quick ratio of 1.98. The firm has a market cap of $18.86 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 2.29 and a beta of 0.77. The company has a 50 day moving average of $232.54 and a 200 day moving average of $220.87. Packaging Co. of America has a 1-year low of $161.55 and a 1-year high of $250.82.

Packaging Co. of America (NYSE:PKG - Get Free Report) last released 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 net margin of 9.60% and a return on equity of 19.67%. On average, equities research analysts anticipate that Packaging Co. of America will post 11.15 EPS for the current year.

Packaging Co. of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.38%. Packaging Co. of America's payout ratio is presently 55.99%.

Insider Buying and Selling at Packaging Co. of America

In related news, SVP Donald R. Shirley sold 8,000 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $240.20, for a total transaction of $1,921,600.00. Following the sale, the senior vice president now owns 15,725 shares of the company's stock, valued at approximately $3,777,145. This represents a 33.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Robert P. Mundy sold 12,500 shares of Packaging Co. of America stock in a transaction on Friday, November 8th. The shares were sold at an average price of $240.62, for a total value of $3,007,750.00. Following the sale, the chief financial officer now directly owns 43,954 shares of the company's stock, valued at $10,576,211.48. This represents a 22.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,300 shares of company stock worth $8,064,152 over the last three months. Corporate insiders own 1.70% of the company's stock.

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.