Packaging Co. of America (NYSE:PKG) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. lifted its stake in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 112,620.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,272 shares of the industrial products company's stock after purchasing an additional 11,262 shares during the period. NBC Securities Inc.'s holdings in Packaging Co. of America were worth $2,232,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. American National Bank & Trust lifted its holdings in Packaging Co. of America by 1,681.6% during the 1st quarter. American National Bank & Trust now owns 9,674 shares of the industrial products company's stock worth $1,916,000 after buying an additional 9,131 shares during the last quarter. Czech National Bank raised its position in shares of Packaging Co. of America by 5.9% during the 1st quarter. Czech National Bank now owns 20,480 shares of the industrial products company's stock valued at $4,055,000 after acquiring an additional 1,146 shares in the last quarter. Rhumbline Advisers lifted its stake in Packaging Co. of America by 0.7% during the first quarter. Rhumbline Advisers now owns 191,465 shares of the industrial products company's stock worth $37,914,000 after purchasing an additional 1,381 shares during the last quarter. Summit Global Investments boosted its holdings in Packaging Co. of America by 308.4% in the first quarter. Summit Global Investments now owns 49,252 shares of the industrial products company's stock worth $9,753,000 after purchasing an additional 37,193 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Packaging Co. of America by 25,461.0% in the first quarter. GAMMA Investing LLC now owns 621,387 shares of the industrial products company's stock worth $123,047,000 after purchasing an additional 618,956 shares during the period. Institutional investors own 89.78% of the company's stock.

Wall Street Analysts Forecast Growth

PKG has been the topic of a number of research reports. Seaport Res Ptn raised shares of Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 13th. UBS Group initiated coverage on shares of Packaging Co. of America in a research report on Wednesday. They set a "neutral" rating and a $200.00 price objective for the company. Wall Street Zen downgraded shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a research report on Sunday, April 6th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $180.00 price objective (down previously from $205.00) on shares of Packaging Co. of America in a research report on Friday, May 9th. Finally, Truist Financial lowered their price objective 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. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $222.17.

Packaging Co. of America Stock Performance

PKG traded down $0.51 during trading on Wednesday, reaching $193.57. 1,002,700 shares of the company were exchanged, compared to its average volume of 727,456. The stock has a market cap of $17.42 billion, a P/E ratio of 21.68, a PEG ratio of 2.41 and a beta of 0.85. The firm has a 50 day moving average of $188.44 and a 200 day moving average of $210.71. The company has a current ratio of 2.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.58. Packaging Co. of America has a 52 week low of $172.72 and a 52 week high of $250.82.

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, topping the consensus estimate of $2.21 by $0.10. Packaging Co. of America had a return on equity of 19.67% and a net margin of 9.60%. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.12 billion. On average, sell-side analysts forecast that Packaging Co. of America will post 10.44 EPS for the current fiscal year.

Packaging Co. of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 2.58%. The ex-dividend date is Friday, June 13th. Packaging Co. of America's dividend payout ratio is currently 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.