PharVision Advisers LLC Purchases New Position in Packaging Co. of America (NYSE:PKG)

PharVision Advisers LLC acquired a new stake in shares of Packaging Co. of America (NYSE:PKG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,376 shares of the industrial products company's stock, valued at approximately $310,000.

Several other institutional investors also recently bought and sold shares of the business. Centricity Wealth Management LLC purchased a new stake in shares of Packaging Co. of America during the fourth quarter valued at about $44,000. Lazard Asset Management LLC lifted its position in shares of Packaging Co. of America by 1,033.3% during the fourth quarter. Lazard Asset Management LLC now owns 204 shares of the industrial products company's stock valued at $45,000 after buying an additional 186 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Packaging Co. of America during the fourth quarter valued at about $48,000. Rialto Wealth Management LLC purchased a new stake in shares of Packaging Co. of America during the fourth quarter valued at about $63,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of Packaging Co. of America during the fourth quarter valued at about $68,000. 89.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PKG has been the subject of several analyst reports. Wells Fargo & Company reissued an "equal weight" rating and set a $180.00 price target (down from $205.00) on shares of Packaging Co. of America in a research report on Friday, May 9th. Truist Financial dropped their target price on Packaging Co. of America from $265.00 to $238.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Wall Street Zen downgraded Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Sunday, April 6th. Finally, Seaport Res Ptn upgraded Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Packaging Co. of America has a consensus rating of "Moderate Buy" and a consensus price target of $226.60.

Packaging Co. of America Stock Performance

Shares of NYSE PKG traded down $1.81 during midday trading on Friday, reaching $190.72. The company had a trading volume of 594,739 shares, compared to its average volume of 719,537. The business's 50-day simple moving average is $189.20 and its 200 day simple moving average is $212.95. The stock has a market cap of $17.16 billion, a P/E ratio of 21.36, a P/E/G ratio of 2.41 and a beta of 0.85. Packaging Co. 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 2.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.58.

Packaging Co. of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.21 by $0.10. The business had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.12 billion. Packaging Co. of America had a net margin of 9.60% and a return on equity of 19.67%. On average, 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be issued a $1.25 dividend. The ex-dividend date is Friday, June 13th. This represents a $5.00 annualized dividend and a dividend yield of 2.62%. Packaging Co. of America's dividend payout ratio (DPR) is presently 52.30%.

About Packaging Co. 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.