Beverly Hills Private Wealth LLC Sells 7,887 Shares of Packaging Co. of America (NYSE:PKG)

Beverly Hills Private Wealth LLC lowered its position in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 45.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,628 shares of the industrial products company's stock after selling 7,887 shares during the period. Beverly Hills Private Wealth LLC's holdings in Packaging Co. of America were worth $2,168,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Benjamin Edwards Inc. boosted its holdings in Packaging Co. of America by 9.7% in the fourth quarter. Benjamin Edwards Inc. now owns 36,360 shares of the industrial products company's stock valued at $8,188,000 after acquiring an additional 3,213 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Packaging Co. of America by 114.8% during the fourth quarter. BNP Paribas Financial Markets now owns 261,269 shares of the industrial products company's stock valued at $58,819,000 after buying an additional 139,628 shares during the period. Algert Global LLC purchased a new position in shares of Packaging Co. of America during the fourth quarter valued at about $315,000. Alyeska Investment Group L.P. bought a new position in Packaging Co. of America in the fourth quarter worth about $6,706,000. Finally, AXA S.A. lifted its holdings in Packaging Co. of America by 5.1% in the fourth quarter. AXA S.A. now owns 172,154 shares of the industrial products company's stock worth $38,757,000 after buying an additional 8,279 shares during the period. Institutional investors own 89.78% of the company's stock.

Packaging Co. of America Price Performance

Shares of PKG stock traded down $1.04 on Tuesday, reaching $180.18. The company's stock had a trading volume of 792,412 shares, compared to its average volume of 702,594. The company has a market capitalization of $16.20 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 2.41 and a beta of 0.85. The stock's fifty day simple moving average is $192.32 and its 200-day simple moving average is $216.43. 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 has a 1 year low of $172.72 and a 1 year high of $250.82.

Packaging Co. of America (NYSE:PKG - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $2.12 billion. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Friday, March 14th. Packaging Co. of America's payout ratio is currently 52.30%.

Analyst Upgrades and Downgrades

PKG has been the topic of a number of recent research reports. Seaport Res Ptn raised shares of Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research report 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 for the company in a report on Tuesday, April 22nd. Citigroup upped their price target on Packaging Co. of America from $232.00 to $235.00 and gave the stock a "neutral" rating in a research note on Monday, January 6th. StockNews.com cut Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Sunday, April 6th. Finally, Wells Fargo & Company cut their target price on Packaging Co. of America from $209.00 to $205.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $231.60.

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.