Unigestion Holding SA Reduces Stock Position in Packaging Co. of America (NYSE:PKG)

Unigestion Holding SA decreased its stake in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 15.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,853 shares of the industrial products company's stock after selling 10,771 shares during the period. Unigestion Holding SA owned about 0.07% of Packaging Co. of America worth $13,694,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SYM FINANCIAL Corp lifted its holdings 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 valued at $316,000 after buying an additional 42 shares during the period. Mather Group LLC. increased its position in 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 acquiring an additional 43 shares during the last quarter. UMB Bank n.a. lifted its holdings in Packaging Co. of America by 3.9% in the fourth quarter. UMB Bank n.a. now owns 1,165 shares of the industrial products company's stock valued at $262,000 after acquiring an additional 44 shares during the period. AlphaMark Advisors LLC boosted its position in Packaging Co. of America by 3.9% in the fourth quarter. AlphaMark Advisors LLC now owns 1,384 shares of the industrial products company's stock worth $312,000 after purchasing an additional 52 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its position in Packaging Co. of America by 3.3% in the fourth quarter. Atomi Financial Group Inc. now owns 1,643 shares of the industrial products company's stock worth $370,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 89.78% of the company's stock.

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Packaging Co. of America Price Performance

Shares of Packaging Co. of America stock traded up $1.44 during trading hours on Friday, hitting $186.89. The company's stock had a trading volume of 336,670 shares, compared to its average volume of 695,182. The company has a market cap of $16.81 billion, a PE ratio of 20.91, a PEG ratio of 2.41 and a beta of 0.84. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.98 and a current ratio of 2.95. The business has a 50 day moving average price of $201.21 and a two-hundred day moving average price of $220.24. Packaging Co. of America has a 12-month low of $169.00 and a 12-month 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 (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%. Analysts expect that Packaging Co. of America will post 10.44 earnings per share for the current fiscal year.

Packaging Co. of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Friday, March 14th. Packaging Co. of America's payout ratio is presently 55.99%.

Analyst Ratings Changes

PKG has been the topic of several recent research reports. Truist Financial reiterated a "buy" rating and issued 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. StockNews.com downgraded Packaging Co. of America from a "buy" rating to a "hold" rating in a research report on Sunday, April 6th. Jefferies Financial Group upgraded Packaging Co. of America from a "hold" rating to a "buy" rating and upped their price target for the stock from $215.00 to $280.00 in a research report on Wednesday, December 18th. 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. Finally, Wells Fargo & Company cut their price objective on Packaging Co. of America from $236.00 to $209.00 and set an "overweight" rating for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $228.50.

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.