Packaging Co. of America (NYSE:PKG) Shares Acquired by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH raised its position in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 155.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,566 shares of the industrial products company's stock after purchasing an additional 2,778 shares during the period. Siemens Fonds Invest GmbH's holdings in Packaging Co. of America were worth $1,028,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Centricity Wealth Management LLC bought a new stake in Packaging Co. of America during the 4th quarter valued at $44,000. Lazard Asset Management LLC raised its position in shares of Packaging Co. of America by 1,033.3% in the 4th quarter. Lazard Asset Management LLC now owns 204 shares of the industrial products company's stock worth $45,000 after acquiring an additional 186 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Packaging Co. of America in the 4th quarter worth $48,000. Rialto Wealth Management LLC bought a new position in shares of Packaging Co. of America in the 4th quarter worth $63,000. Finally, Intact Investment Management Inc. bought a new position in shares of Packaging Co. of America in the 4th quarter worth $68,000. 89.78% of the stock is owned by institutional investors.

Packaging Co. of America Stock Performance

Packaging Co. of America stock traded up $0.02 during trading hours on Friday, hitting $193.02. 1,062,503 shares of the stock traded hands, compared to its average volume of 724,197. The firm's 50 day moving average price is $188.67 and its 200-day moving average price is $211.49. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.95 and a quick ratio of 1.98. The stock has a market capitalization of $17.37 billion, a price-to-earnings ratio of 21.61, 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.

Packaging Co. of America (NYSE:PKG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.21 by $0.10. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.12 billion. Packaging Co. of America had a return on equity of 19.67% and a net margin of 9.60%. As a group, equities analysts expect that Packaging Co. of America will post 10.44 EPS for the current fiscal year.

Packaging Co. of America Announces Dividend

The company 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. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Friday, June 13th. Packaging Co. of America's dividend payout ratio is presently 52.30%.

Analyst Ratings Changes

Several research analysts have recently commented on PKG shares. 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 target price (down from $205.00) on shares of Packaging Co. of America in a research report on Friday, May 9th. Truist Financial reduced 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 report on Tuesday, April 22nd. Finally, Wall Street Zen lowered 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 issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.