UniSuper Management Pty Ltd Increases Stock Position in Packaging Co. of America (NYSE:PKG)

UniSuper Management Pty Ltd lifted its stake in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 14.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,462 shares of the industrial products company's stock after purchasing an additional 1,360 shares during the quarter. UniSuper Management Pty Ltd's holdings in Packaging Co. of America were worth $2,355,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Fortitude Family Office LLC lifted its holdings in shares of Packaging Co. of America by 150.8% in the fourth quarter. Fortitude Family Office LLC now owns 163 shares of the industrial products company's stock worth $37,000 after buying an additional 98 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Packaging Co. of America by 234.7% during the 3rd quarter. Larson Financial Group LLC now owns 164 shares of the industrial products company's stock valued at $35,000 after buying an additional 115 shares in the last quarter. Centricity Wealth Management LLC bought a new position in Packaging Co. of America in the fourth quarter valued at $44,000. Golden State Wealth Management LLC purchased a new position in shares of Packaging Co. of America in the 4th quarter worth about $48,000. Finally, Rialto Wealth Management LLC bought a new position in shares of Packaging Co. of America during the 4th quarter valued at about $63,000. Hedge funds and other institutional investors own 89.78% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Packaging Co. of America from $232.00 to $235.00 and gave the stock a "neutral" rating in a report on Monday, January 6th. Wells Fargo & Company cut their price target on shares of Packaging Co. of America from $253.00 to $236.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Jefferies Financial Group raised Packaging Co. of America from a "hold" rating to a "buy" rating and raised their price objective for the company 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 research note on Saturday. Finally, Truist Financial restated a "buy" rating and set a $265.00 target price (down from $282.00) on shares of Packaging Co. of America in a report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Packaging Co. of America has an average rating of "Moderate Buy" and a consensus target price of $233.00.

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Packaging Co. of America Trading Up 0.4 %

NYSE:PKG traded up $0.86 during mid-day trading on Wednesday, reaching $200.79. 353,515 shares of the company's stock traded hands, compared to its average volume of 672,086. The company has a 50 day moving average price of $208.82 and a 200-day moving average price of $222.13. The firm has a market capitalization of $18.03 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 2.41 and a beta of 0.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.95 and a quick ratio of 1.98. 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 announced its earnings results on Tuesday, January 28th. The industrial products company reported $2.47 EPS for the quarter, missing analysts' consensus estimates 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, sell-side analysts predict that Packaging Co. of America will post 10.44 earnings per share for the current year.

Packaging Co. of America Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $5.00 annualized dividend and a yield of 2.49%. Packaging Co. of America's payout ratio is 55.99%.

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.