Tidal Investments LLC Sells 4,648 Shares of Packaging Co. of America (NYSE:PKG)

Tidal Investments LLC decreased its holdings in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 44.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,742 shares of the industrial products company's stock after selling 4,648 shares during the period. Tidal Investments LLC's holdings in Packaging Co. of America were worth $1,293,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. SYM FINANCIAL Corp increased its position in shares of Packaging Co. of America by 3.1% during the fourth quarter. SYM FINANCIAL Corp now owns 1,405 shares of the industrial products company's stock worth $316,000 after acquiring an additional 42 shares in the last quarter. Mather Group LLC. boosted its stake in Packaging Co. of America by 1.7% during the 4th quarter. Mather Group LLC. now owns 2,586 shares of the industrial products company's stock valued at $582,000 after purchasing an additional 43 shares during the last quarter. Atomi Financial Group Inc. increased its holdings in Packaging Co. of America by 3.3% during the 4th quarter. Atomi Financial Group Inc. now owns 1,643 shares of the industrial products company's stock worth $370,000 after purchasing an additional 52 shares in the last quarter. AlphaMark Advisors LLC increased its holdings in Packaging Co. of America by 3.9% during the 4th quarter. AlphaMark Advisors LLC now owns 1,384 shares of the industrial products company's stock worth $312,000 after purchasing an additional 52 shares in the last quarter. Finally, Sigma Planning Corp raised 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 purchasing an additional 58 shares during the last quarter. 89.78% of the stock is owned by institutional investors.

Packaging Co. of America Stock Performance

Packaging Co. of America stock traded down $0.51 during mid-day trading on Friday, reaching $192.50. 97,590 shares of the company's stock were exchanged, compared to its average volume of 719,187. The business's fifty day simple moving average is $188.78 and its 200 day simple moving average is $211.81. 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 has a one year low of $172.72 and a one year high of $250.82. The firm has a market capitalization of $17.32 billion, a PE ratio of 21.61, a P/E/G ratio of 2.41 and a beta of 0.85.

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. The company had revenue of $2.14 billion for the quarter, compared to analysts' expectations 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, sell-side analysts expect that Packaging Co. of America will post 10.44 earnings per share for the current year.

Packaging Co. of America Dividend Announcement

The business 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 dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Friday, June 13th. Packaging Co. of America's dividend payout ratio is currently 52.30%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. 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. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $180.00 price objective (down from $205.00) on shares of Packaging Co. of America in a report on Friday, May 9th. Truist Financial reduced their target price 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. Finally, Wall Street Zen lowered shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a research report on Sunday, April 6th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $226.60.

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.