GTS Securities LLC reduced its position in Packaging Co. of America (NYSE:PKG - Free Report) by 82.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,176 shares of the industrial products company's stock after selling 5,424 shares during the period. GTS Securities LLC's holdings in Packaging Co. of America were worth $265,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of PKG. Vise Technologies Inc. raised its position in Packaging Co. of America by 111.2% in the 4th quarter. Vise Technologies Inc. now owns 2,315 shares of the industrial products company's stock valued at $521,000 after buying an additional 1,219 shares during the last quarter. Orion Capital Management LLC purchased a new stake in Packaging Co. of America in the 4th quarter valued at $78,000. McIlrath & Eck LLC raised its position in Packaging Co. of America by 233.9% in the 4th quarter. McIlrath & Eck LLC now owns 364 shares of the industrial products company's stock valued at $82,000 after buying an additional 255 shares during the last quarter. PharVision Advisers LLC purchased a new stake in Packaging Co. of America in the 4th quarter valued at $310,000. Finally, Principal Street Partners LLC raised its position in Packaging Co. of America by 0.7% in the 4th quarter. Principal Street Partners LLC now owns 29,064 shares of the industrial products company's stock valued at $6,543,000 after buying an additional 189 shares during the last quarter. 89.78% of the stock is currently owned by institutional investors.
Packaging Co. of America Stock Up 0.0%
PKG stock traded up $0.02 during midday trading on Friday, hitting $193.02. The stock had a trading volume of 1,062,503 shares, compared to its average volume of 723,442. The firm has a market cap of $17.37 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 2.41 and a beta of 0.85. The business has a 50-day moving average of $188.67 and a two-hundred day moving average of $211.49. Packaging Co. of America has a 52-week low of $172.72 and a 52-week high of $250.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.95 and a quick ratio of 1.98.
Packaging Co. of America (NYSE:PKG - Get Free Report) last released its earnings results 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. Packaging Co. of America had a return on equity of 19.67% and a net margin of 9.60%. The firm had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.12 billion. As a group, equities research analysts forecast that Packaging Co. of America will post 10.44 earnings per share for the current fiscal year.
Packaging Co. of America Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Friday, June 13th. Packaging Co. of America's dividend payout ratio is 52.30%.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the company. Wall Street Zen lowered Packaging Co. of America from a "buy" rating to a "hold" rating in a research report on Sunday, April 6th. Truist Financial decreased their target price 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. Seaport Res Ptn raised Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 13th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and set 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 analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $226.60.
View Our Latest Research Report on Packaging Co. of America
About Packaging Co. of America
(
Free Report)
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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