Transamerica Financial Advisors Inc. Has $653,000 Stock Position in Packaging Co. of America (NYSE:PKG)

Transamerica Financial Advisors Inc. boosted its position in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 48,200.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,898 shares of the industrial products company's stock after buying an additional 2,892 shares during the quarter. Transamerica Financial Advisors Inc.'s holdings in Packaging Co. of America were worth $653,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PKG. Vanguard Group Inc. boosted its stake in shares of Packaging Co. of America by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 11,423,715 shares of the industrial products company's stock valued at $2,571,821,000 after purchasing an additional 133,575 shares during the last quarter. State Street Corp grew its holdings in 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 worth $855,212,000 after acquiring an additional 123,050 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Packaging Co. of America by 4.5% during the 4th 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 acquiring an additional 132,836 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Packaging Co. of America by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,337,296 shares of the industrial products company's stock valued at $501,896,000 after purchasing an additional 12,936 shares during the period. Finally, Boston Partners boosted its position in shares of Packaging Co. of America by 7.0% in the 4th quarter. Boston Partners now owns 1,565,351 shares of the industrial products company's stock worth $352,305,000 after purchasing an additional 101,755 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors.

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Packaging Co. of America Stock Up 0.8 %

NYSE PKG traded up $1.53 on Wednesday, reaching $201.46. The company had a trading volume of 678,518 shares, compared to its average volume of 673,209. The company's fifty day moving average is $208.82 and its 200-day moving average is $222.13. 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 capitalization of $18.09 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 2.41 and a beta of 0.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.98 and a current ratio of 2.95.

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 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 fiscal year.

Packaging Co. of America Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, March 14th. Packaging Co. of America's dividend payout ratio is presently 55.99%.

Analyst Ratings Changes

PKG has been the topic of several analyst reports. Seaport Res Ptn raised Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 13th. Truist Financial reiterated a "buy" rating and issued a $265.00 price target (down from $282.00) on shares of Packaging Co. of America in a research report on Thursday, January 30th. Citigroup boosted 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. StockNews.com upgraded shares of Packaging Co. of America from a "hold" rating to a "buy" rating in a report on Saturday. Finally, 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 report on Thursday, January 30th. Two 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, Packaging Co. of America has an average rating of "Moderate Buy" and an average target price of $233.00.

Packaging Co. of America 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.