DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Purchases 36,436 Shares of Packaging Co. of America (NYSE:PKG)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 95.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,472 shares of the industrial products company's stock after acquiring an additional 36,436 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.08% of Packaging Co. of America worth $16,766,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Packaging Co. of America in the fourth quarter worth $258,928,000. Balyasny Asset Management L.P. increased its stake in Packaging Co. of America by 106.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 848,395 shares of the industrial products company's stock worth $190,999,000 after acquiring an additional 438,012 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Packaging Co. of America in the 4th quarter valued at about $50,175,000. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Packaging Co. of America by 415.1% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 261,458 shares of the industrial products company's stock valued at $58,862,000 after acquiring an additional 210,700 shares during the last quarter. Finally, Cartenna Capital LP grew its holdings in shares of Packaging Co. of America by 159.0% during the fourth quarter. Cartenna Capital LP now owns 246,007 shares of the industrial products company's stock worth $55,384,000 after purchasing an additional 151,007 shares in the last quarter. 89.78% of the stock is owned by institutional investors.

Packaging Co. of America Trading Down 0.9%

PKG traded down $1.62 on Tuesday, hitting $188.77. 721,940 shares of the company were exchanged, compared to its average volume of 708,778. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.98 and a current ratio of 2.95. Packaging Co. of America has a 12 month low of $172.72 and a 12 month high of $250.82. The firm has a fifty day simple moving average of $190.42 and a two-hundred day simple moving average of $215.26. The stock has a market capitalization of $16.98 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 2.41 and a beta of 0.85.

Packaging Co. of America (NYSE:PKG - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.21 by $0.10. The firm had revenue of $2.14 billion for 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%. Sell-side analysts expect 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, July 15th. Stockholders of record on Friday, June 13th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Friday, June 13th. Packaging Co. of America's payout ratio is 52.30%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PKG. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $180.00 target price (down from $205.00) on shares of Packaging Co. of America in a research note on Friday. StockNews.com downgraded shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a report on Sunday, April 6th. Truist Financial cut 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 research report on Tuesday, April 22nd. Finally, 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. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Packaging Co. of America presently has a consensus rating of "Moderate Buy" and a consensus price target of $226.60.

Packaging Co. of America Company 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.