Lbp Am Sa Boosts Stock Holdings in Packaging Corporation of America (NYSE:PKG)

LBP AM SA increased its position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 5.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,401 shares of the industrial products company's stock after buying an additional 1,817 shares during the period. LBP AM SA's holdings in Packaging Corporation of America were worth $7,604,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in shares of Packaging Corporation 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 buying an additional 66 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Packaging Corporation of America by 20.6% in the first quarter. Exchange Traded Concepts LLC now owns 387 shares of the industrial products company's stock valued at $77,000 after buying an additional 66 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Packaging Corporation of America by 1.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,771 shares of the industrial products company's stock valued at $849,000 after buying an additional 70 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its holdings in shares of Packaging Corporation of America by 6.1% in the first quarter. Avidian Wealth Enterprises LLC now owns 1,308 shares of the industrial products company's stock valued at $259,000 after acquiring an additional 75 shares during the period. Finally, Colonial Trust Co SC grew its position in shares of Packaging Corporation of America by 3.9% during the fourth quarter. Colonial Trust Co SC now owns 2,071 shares of the industrial products company's stock worth $466,000 after acquiring an additional 78 shares during the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Packaging Corporation of America Stock Performance

Shares of Packaging Corporation of America stock traded up $3.18 on Thursday, reaching $207.26. 655,322 shares of the stock were exchanged, compared to its average volume of 747,539. Packaging Corporation of America has a 1-year low of $172.72 and a 1-year high of $250.82. The company has a current ratio of 3.28, a quick ratio of 2.15 and a debt-to-equity ratio of 0.55. The business has a fifty day moving average price of $191.63 and a two-hundred day moving average price of $202.49. The firm has a market capitalization of $18.65 billion, a PE ratio of 21.68, a PEG ratio of 2.68 and a beta of 0.82.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.10. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.12 billion. Packaging Corporation of America had a net margin of 10.09% and a return on equity of 20.08%. As a group, research analysts anticipate that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 yield of 2.41%. The ex-dividend date of this dividend is Friday, June 13th. Packaging Corporation of America's dividend payout ratio is currently 52.30%.

Analysts Set New Price Targets

PKG has been the subject of several recent research reports. Wells Fargo & Company increased their target price on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Thursday. UBS Group increased their target price on shares of Packaging Corporation of America from $200.00 to $210.00 and gave the stock a "neutral" rating in a research note on Wednesday. Wall Street Zen downgraded shares of Packaging Corporation of America from a "buy" rating to a "hold" rating in a research note on Sunday, April 6th. Truist Financial increased their target price on shares of Packaging Corporation of America from $237.00 to $239.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Finally, Jefferies Financial Group downgraded shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and decreased their target price for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Packaging Corporation of America has a consensus rating of "Hold" and an average price target of $217.80.

About Packaging Corporation 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.