Regents Gate Capital LLP Has $10.35 Million Position in Packaging Corporation of America (NYSE:PKG)

Regents Gate Capital LLP boosted its position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 174.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,242 shares of the industrial products company's stock after purchasing an additional 33,176 shares during the period. Packaging Corporation of America accounts for approximately 4.4% of Regents Gate Capital LLP's portfolio, making the stock its 4th biggest position. Regents Gate Capital LLP owned about 0.06% of Packaging Corporation of America worth $10,345,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its stake in Packaging Corporation of America by 79.0% during the fourth quarter. Jones Financial Companies Lllp now owns 666 shares of the industrial products company's stock valued at $150,000 after acquiring an additional 294 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Packaging Corporation of America by 10.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,084 shares of the industrial products company's stock valued at $469,000 after acquiring an additional 192 shares during the period. Assetmark Inc. increased its stake in Packaging Corporation of America by 54.6% during the fourth quarter. Assetmark Inc. now owns 416 shares of the industrial products company's stock valued at $94,000 after acquiring an additional 147 shares during the period. Proficio Capital Partners LLC bought a new position in Packaging Corporation of America during the fourth quarter valued at about $25,291,000. Finally, Raymond James Financial Inc. bought a new position in Packaging Corporation of America during the fourth quarter valued at about $50,175,000. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Corporation of America Stock Performance

Shares of NYSE:PKG traded up $1.38 during trading on Wednesday, reaching $204.15. 738,306 shares of the stock were exchanged, compared to its average volume of 745,704. Packaging Corporation of America has a 12 month low of $172.72 and a 12 month high of $250.82. The firm has a market cap of $18.37 billion, a PE ratio of 21.35, a PEG ratio of 2.66 and a beta of 0.82. The stock has a 50-day moving average price of $191.26 and a 200-day moving average price of $202.48. The company has a current ratio of 3.28, a quick ratio of 2.15 and a debt-to-equity ratio of 0.55.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.21 by $0.10. The business had revenue of $2.14 billion during 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%. Research analysts expect that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Packaging Corporation 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 given a dividend of $1.25 per share. The ex-dividend date is Friday, June 13th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.45%. Packaging Corporation of America's dividend payout ratio (DPR) is presently 52.30%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PKG. Jefferies Financial Group downgraded Packaging Corporation of America from a "buy" rating to a "hold" rating and decreased their price objective for the company from $245.00 to $205.00 in a report on Monday, June 16th. Truist Financial upped their target price on shares of Packaging Corporation of America from $237.00 to $239.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. UBS Group upped their target price on shares of Packaging Corporation of America from $200.00 to $210.00 and gave the company a "neutral" rating in a research report on Wednesday. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $180.00 price objective (down previously from $205.00) on shares of Packaging Corporation of America in a research note on Friday, May 9th. Finally, Wall Street Zen downgraded Packaging Corporation of America from a "buy" rating to a "hold" rating in a research note on Sunday, April 6th. 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 stock. Based on data from MarketBeat, Packaging Corporation of America has an average rating of "Hold" and a consensus target price of $213.80.

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.