First United Bank & Trust Invests $289,000 in Packaging Co. of America (NYSE:PKG)

First United Bank & Trust acquired a new stake in Packaging Co. of America (NYSE:PKG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,457 shares of the industrial products company's stock, valued at approximately $289,000.

Several other large investors also recently bought and sold shares of PKG. Sigma Planning Corp boosted its stake in shares of Packaging Co. of America by 2.3% in the fourth quarter. Sigma Planning Corp now owns 2,568 shares of the industrial products company's stock worth $578,000 after acquiring an additional 58 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Packaging Co. of America by 1.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,637 shares of the industrial products company's stock valued at $819,000 after purchasing an additional 66 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Packaging Co. of America by 1.9% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,771 shares of the industrial products company's stock valued at $849,000 after purchasing an additional 70 shares in the last quarter. Colonial Trust Co SC boosted its stake in Packaging Co. of America by 3.9% during the 4th quarter. Colonial Trust Co SC now owns 2,071 shares of the industrial products company's stock worth $466,000 after purchasing an additional 78 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its holdings in shares of Packaging Co. of America by 0.7% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 10,857 shares of the industrial products company's stock worth $2,466,000 after buying an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company's stock.

Packaging Co. of America Trading Down 2.2%

NYSE:PKG traded down $4.26 on Friday, reaching $187.80. The company's stock had a trading volume of 271,015 shares, compared to its average volume of 734,342. Packaging Co. of America has a 12-month low of $172.72 and a 12-month high of $250.82. The stock has a 50 day moving average price of $188.79 and a 200 day moving average price of $208.61. The firm has a market cap of $16.90 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 2.41 and a beta of 0.84. The company has a quick ratio of 1.98, a current ratio of 2.95 and a debt-to-equity ratio of 0.58.

Packaging Co. of America (NYSE:PKG - Get Free Report) last issued 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 net margin of 9.60% and a return on equity of 19.67%. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.12 billion. On average, equities analysts anticipate that Packaging Co. of America will post 10.44 EPS for the current fiscal year.

Packaging Co. of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $5.00 annualized dividend and a dividend yield of 2.66%. Packaging Co. of America's dividend payout ratio is currently 52.30%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PKG. UBS Group initiated coverage on shares of Packaging Co. of America in a research note on Wednesday, June 4th. They issued a "neutral" rating and a $200.00 price target on the stock. Seaport Res Ptn raised shares of Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 13th. Wells Fargo & Company restated an "equal weight" rating and set a $180.00 target price (down from $205.00) on shares of Packaging Co. of America in a report on Friday, May 9th. Truist Financial dropped their price target on 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, Wall Street Zen cut Packaging Co. of America from a "buy" rating to a "hold" rating in a report on Sunday, April 6th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Packaging Co. of America currently has an average rating of "Moderate Buy" and an average target price of $222.17.

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.