Susquehanna Fundamental Investments LLC Purchases New Shares in Packaging Co. of America (NYSE:PKG)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Packaging Co. of America (NYSE:PKG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 31,642 shares of the industrial products company's stock, valued at approximately $7,124,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Passumpsic Savings Bank purchased a new stake in Packaging Co. of America during the 3rd quarter worth approximately $212,000. Aldebaran Financial Inc. acquired a new position in shares of Packaging Co. of America in the 3rd quarter valued at $215,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Packaging Co. of America in the 3rd quarter valued at $836,000. Franklin Resources Inc. lifted its position in Packaging Co. of America by 4.3% during the 3rd quarter. Franklin Resources Inc. now owns 130,628 shares of the industrial products company's stock worth $28,736,000 after acquiring an additional 5,339 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Packaging Co. of America by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 460,518 shares of the industrial products company's stock valued at $99,194,000 after purchasing an additional 35,614 shares during the last quarter. Hedge funds and other institutional investors own 89.78% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on PKG shares. Seaport Res Ptn upgraded shares of Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 13th. Truist Financial lowered their target price on shares of Packaging Co. of America from $265.00 to $238.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. StockNews.com lowered Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Sunday, April 6th. Wells Fargo & Company lowered their price target on Packaging Co. of America from $209.00 to $205.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, Citigroup boosted their price objective on Packaging Co. of America from $232.00 to $235.00 and gave the company a "neutral" rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Packaging Co. of America presently has an average rating of "Moderate Buy" and an average target price of $231.60.

Packaging Co. of America Trading Up 2.2 %

PKG traded up $3.96 during mid-day trading on Friday, hitting $187.33. 551,299 shares of the stock were exchanged, compared to its average volume of 698,947. The firm's fifty day moving average is $194.08 and its two-hundred day moving average is $217.24. Packaging Co. of America has a 1-year low of $172.72 and a 1-year high of $250.82. The company has a market cap of $16.85 billion, a PE ratio of 20.98, a PEG ratio of 2.41 and a beta of 0.84. The company has a current ratio of 2.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.58.

Packaging Co. of America (NYSE:PKG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.10. Packaging Co. of America had a return on equity of 19.67% and a net margin of 9.60%. The business had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.12 billion. Equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were issued a $1.25 dividend. 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 payout ratio is 52.30%.

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.