Stephens Inc. AR Sells 15,796 Shares of Packaging Corporation of America (NYSE:PKG)

Stephens Inc. AR lessened its position in Packaging Corporation of America (NYSE:PKG - Free Report) by 19.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,265 shares of the industrial products company's stock after selling 15,796 shares during the quarter. Stephens Inc. AR owned about 0.07% of Packaging Corporation of America worth $13,122,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Distillate Capital Partners LLC bought a new position in Packaging Corporation of America in the 4th quarter worth $15,828,000. Sciencast Management LP bought a new position in Packaging Corporation of America in the 4th quarter worth $2,853,000. Korea Investment CORP raised its holdings in Packaging Corporation of America by 96.0% in the 4th quarter. Korea Investment CORP now owns 71,004 shares of the industrial products company's stock worth $15,985,000 after acquiring an additional 34,784 shares during the period. Sowell Financial Services LLC bought a new position in Packaging Corporation of America in the 1st quarter worth $309,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Packaging Corporation of America by 5.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,639 shares of the industrial products company's stock worth $5,671,000 after acquiring an additional 1,531 shares during the period. Institutional investors own 89.78% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PKG. Wall Street Zen lowered shares of Packaging Corporation of America from a "buy" rating to a "hold" rating in a research report on Sunday, April 6th. Wells Fargo & Company raised their price target on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Thursday. UBS Group raised their price target on shares of Packaging Corporation of America from $200.00 to $210.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Jefferies Financial Group lowered shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and decreased their price target for the stock from $245.00 to $205.00 in a research report on Monday, June 16th. Finally, Truist Financial raised their price target on shares of Packaging Corporation of America from $237.00 to $239.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $217.80.

Packaging Corporation of America Price Performance

Shares of Packaging Corporation of America stock opened at $205.90 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.15 and a current ratio of 3.28. The firm's 50-day simple moving average is $192.48 and its 200-day simple moving average is $201.82. Packaging Corporation of America has a twelve month low of $172.72 and a twelve month high of $250.82. The firm has a market cap of $18.53 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 2.72 and a beta of 0.82.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The industrial products company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.10. Packaging Corporation of America had a net margin of 10.09% and a return on equity of 20.08%. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.12 billion. As a group, 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be given a $1.25 dividend. The ex-dividend date is Friday, June 13th. This represents a $5.00 dividend on an annualized basis and a yield of 2.43%. Packaging Corporation of America's dividend payout ratio (DPR) is presently 52.30%.

Packaging Corporation of America 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.

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