Packaging Co. of America (NYSE:PKG) Stake Lowered by Blair William & Co. IL

Blair William & Co. IL trimmed its position in shares of Packaging Co. of America (NYSE:PKG) by 6.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,017 shares of the industrial products company’s stock after selling 136 shares during the quarter. Blair William & Co. IL’s holdings in Packaging Co. of America were worth $454,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PKG. Vanguard Group Inc. increased its position in 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 worth $2,571,821,000 after purchasing an additional 133,575 shares during the last quarter. State Street Corp increased its holdings in Packaging Co. of America by 3.2% in the third quarter. State Street Corp now owns 3,948,546 shares of the industrial products company’s stock worth $855,212,000 after buying an additional 123,050 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Packaging Co. of America by 4.5% during the fourth 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 in the last quarter. Geode Capital Management LLC raised its position in Packaging Co. of America by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,337,296 shares of the industrial products company’s stock valued at $501,896,000 after acquiring an additional 12,936 shares in the last quarter. Finally, Boston Partners lifted its stake in Packaging Co. of America by 7.0% in the fourth quarter. Boston Partners now owns 1,565,351 shares of the industrial products company’s stock valued at $352,305,000 after acquiring an additional 101,755 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Packaging Co. of America Stock Performance

PKG opened at $183.04 on Friday. Packaging Co. of America has a 12-month low of $169.00 and a 12-month high of $250.82. The firm has a market capitalization of $16.46 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 2.41 and a beta of 0.84. The stock’s 50 day moving average price is $205.91 and its two-hundred day moving average price is $221.54. The company has a quick ratio of 1.98, a current ratio of 2.95 and a debt-to-equity ratio of 0.58.

Packaging Co. of America (NYSE:PKG) last announced its earnings results 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, equities analysts forecast that Packaging Co. of America will post 10.44 earnings per share for the current year.

Packaging Co. of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, March 14th. Packaging Co. of America’s payout ratio is presently 55.99%.

Analysts Set New Price Targets

PKG has been the topic of a number of recent research reports. Jefferies Financial Group upgraded shares of Packaging Co. of America from a “hold” rating to a “buy” rating and raised their price target for the company from $215.00 to $280.00 in a report on Wednesday, December 18th. Truist Financial reaffirmed a “buy” rating and issued a $265.00 price target (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 price objective 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. StockNews.com upgraded Packaging Co. of America from a “hold” rating to a “buy” rating in a report on Saturday, March 29th. Finally, Citigroup increased their price target on Packaging Co. of America from $232.00 to $235.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $233.00.

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.