Centiva Capital LP Has $3.50 Million Position in Packaging Co. of America (NYSE:PKG)

Centiva Capital LP raised its stake in Packaging Co. of America (NYSE:PKG - Free Report) by 252.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,547 shares of the industrial products company's stock after acquiring an additional 11,139 shares during the period. Centiva Capital LP's holdings in Packaging Co. of America were worth $3,500,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of PKG. Vanguard Group Inc. lifted its position in Packaging Co. of America by 1.2% during the fourth 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 period. Charles Schwab Investment Management Inc. raised its position in shares of Packaging Co. of America by 4.5% in the 4th 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 buying an additional 132,836 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Packaging Co. of America by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 2,366,723 shares of the industrial products company's stock worth $531,540,000 after acquiring an additional 29,427 shares during the period. Invesco Ltd. increased its stake in Packaging Co. of America by 0.8% in the fourth quarter. Invesco Ltd. now owns 1,853,092 shares of the industrial products company's stock valued at $417,187,000 after acquiring an additional 14,775 shares during the last quarter. Finally, Boston Partners raised its position in Packaging Co. of America by 7.0% during the fourth quarter. Boston Partners now owns 1,565,351 shares of the industrial products company's stock valued at $352,305,000 after purchasing an additional 101,755 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PKG has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their target price on Packaging Co. of America from $209.00 to $205.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Seaport Res Ptn upgraded Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 13th. Truist Financial dropped 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 lifted their price target on shares of Packaging Co. of America from $232.00 to $235.00 and gave the company a "neutral" rating in a report on Monday, January 6th. Finally, StockNews.com downgraded shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Sunday, April 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $231.60.

Packaging Co. of America Stock Performance

Packaging Co. of America stock opened at $181.21 on Tuesday. The business has a 50 day moving average of $192.93 and a 200-day moving average of $216.68. The company has a market capitalization of $16.30 billion, a P/E ratio of 20.29, a P/E/G ratio of 2.41 and a beta of 0.85. Packaging Co. of America has a 1 year low of $172.72 and a 1 year high of $250.82. 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 (NYSE:PKG - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.12 billion. Packaging Co. of America had a net margin of 9.60% and a return on equity of 19.67%. On average, equities research analysts predict that Packaging Co. of America will post 10.44 earnings per share for the current year.

Packaging Co. of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.76%. The ex-dividend date was Friday, March 14th. Packaging Co. of America's dividend payout ratio is currently 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.

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