Packaging Co. of America (NYSE:PKG) Shares Bought by XTX Topco Ltd

XTX Topco Ltd boosted its holdings in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 115.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,844 shares of the industrial products company's stock after purchasing an additional 4,199 shares during the quarter. XTX Topco Ltd's holdings in Packaging Co. of America were worth $1,766,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its position in shares of Packaging Co. of America by 150.8% during the 4th quarter. Fortitude Family Office LLC now owns 163 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 98 shares during the last quarter. Centricity Wealth Management LLC purchased a new stake in Packaging Co. of America during the fourth quarter valued at $44,000. Golden State Wealth Management LLC bought a new position in Packaging Co. of America during the fourth quarter valued at $48,000. Rialto Wealth Management LLC purchased a new position in shares of Packaging Co. of America in the 4th quarter worth $63,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of Packaging Co. of America during the 4th quarter valued at about $68,000. 89.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PKG has been the subject of several analyst reports. Citigroup raised their price objective on Packaging Co. of America from $232.00 to $235.00 and gave the company a "neutral" rating in a research note on Monday, January 6th. StockNews.com lowered shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Sunday, April 6th. Truist Financial reaffirmed 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 report on Thursday, January 30th. Wells Fargo & Company lowered their target price on shares of Packaging Co. of America from $236.00 to $209.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Seaport Res Ptn upgraded shares of Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $237.80.

Packaging Co. of America Stock Performance

PKG stock traded up $0.33 during trading on Friday, hitting $187.07. 506,804 shares of the company traded hands, compared to its average volume of 698,273. 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 1 year low of $169.00 and a 1 year high of $250.82. The stock's 50-day simple moving average is $198.99 and its 200 day simple moving average is $219.29. The company has a market cap of $16.82 billion, a PE ratio of 20.95, a P/E/G ratio of 2.41 and a beta of 0.84.

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 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, equities analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.67%. Packaging Co. of America's dividend payout ratio (DPR) 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.