Packaging Co. of America (NYSE:PKG) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers lifted its stake in Packaging Co. of America (NYSE:PKG - Free Report) by 0.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,465 shares of the industrial products company's stock after buying an additional 1,381 shares during the period. Rhumbline Advisers owned approximately 0.21% of Packaging Co. of America worth $37,914,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mather Group LLC. boosted its holdings in Packaging Co. of America by 1.7% in the 4th quarter. Mather Group LLC. now owns 2,586 shares of the industrial products company's stock worth $582,000 after acquiring an additional 43 shares during the period. Sigma Planning Corp lifted its position in shares of Packaging Co. of America by 2.3% during 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 in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Packaging Co. of America by 1.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,637 shares of the industrial products company's stock valued at $819,000 after purchasing an additional 66 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Packaging Co. of America by 1.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,771 shares of the industrial products company's stock valued at $849,000 after purchasing an additional 70 shares during the period. Finally, Colonial Trust Co SC grew its holdings in Packaging Co. of America by 3.9% during the 4th quarter. Colonial Trust Co SC now owns 2,071 shares of the industrial products company's stock valued at $466,000 after purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Co. of America Stock Performance

Shares of PKG traded up $1.77 during midday trading on Friday, hitting $196.47. 703,863 shares of the stock traded hands, compared to its average volume of 730,571. The business's 50 day moving average price is $188.33 and its two-hundred day moving average price is $210.30. The firm has a market capitalization of $17.68 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 2.41 and a beta of 0.85. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.98 and a current ratio of 2.95. Packaging Co. of America has a 1-year low of $172.72 and a 1-year high of $250.82.

Packaging Co. of America (NYSE:PKG - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The industrial products company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.21 by $0.10. The firm 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%. Equities research analysts predict that Packaging Co. of America will post 10.44 EPS for the current fiscal year.

Packaging Co. of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $5.00 annualized dividend and a dividend yield of 2.54%. Packaging Co. of America's payout ratio is 52.30%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Seaport Res Ptn raised shares of Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 13th. UBS Group began coverage on shares of Packaging Co. of America in a research note on Wednesday. They set a "neutral" rating and a $200.00 price objective on the stock. Truist Financial decreased their price target on 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. Wells Fargo & Company reiterated an "equal weight" rating and issued a $180.00 price target (down from $205.00) on shares of Packaging Co. of America in a report on Friday, May 9th. Finally, Wall Street Zen cut shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a report on Sunday, April 6th. Four 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $222.17.

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.