8,671 Shares in Packaging Co. of America (NYSE:PKG) Acquired by iSAM Funds UK Ltd

iSAM Funds UK Ltd purchased a new stake in shares of Packaging Co. of America (NYSE:PKG - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 8,671 shares of the industrial products company's stock, valued at approximately $1,952,000. Packaging Co. of America makes up 1.5% of iSAM Funds UK Ltd's investment portfolio, making the stock its 2nd largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Centricity Wealth Management LLC acquired a new stake in shares of Packaging Co. of America in the fourth quarter valued at approximately $44,000. Lazard Asset Management LLC increased its position in Packaging Co. of America by 1,033.3% in the 4th quarter. Lazard Asset Management LLC now owns 204 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 186 shares during the period. Golden State Wealth Management LLC bought a new stake in Packaging Co. of America during the 4th quarter valued at $48,000. Rialto Wealth Management LLC acquired a new position in Packaging Co. of America during the 4th quarter worth $63,000. Finally, Intact Investment Management Inc. bought a new position in shares of Packaging Co. of America in the fourth quarter worth $68,000. Hedge funds and other institutional investors own 89.78% of the company's stock.

Wall Street Analysts Forecast Growth

PKG has been the subject of several research analyst reports. 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 reduced their price target on shares of Packaging Co. of America from $265.00 to $238.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. 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. Finally, Wells Fargo & Company restated 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 report on Friday, May 9th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $226.60.

Packaging Co. of America Price Performance

NYSE PKG opened at $194.37 on Tuesday. Packaging Co. of America has a 1 year low of $172.72 and a 1 year high of $250.82. The business's fifty day moving average is $189.53 and its two-hundred day moving average is $214.00. The stock has a market capitalization of $17.49 billion, a P/E ratio of 21.77, a P/E/G ratio of 2.41 and a beta of 0.85. 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 (NYSE:PKG - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.21 by $0.10. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.12 billion. Packaging Co. of America had a return on equity of 19.67% and a net margin of 9.60%. On average, research 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 announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $5.00 annualized dividend and a dividend yield of 2.57%. Packaging Co. of America's dividend payout ratio (DPR) is presently 52.30%.

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.

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