Stephens Inc. AR Decreases Holdings in Packaging Corporation of America (NYSE:PKG)

Stephens Inc. AR trimmed its position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 19.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,265 shares of the industrial products company's stock after selling 15,796 shares during the quarter. Stephens Inc. AR owned 0.07% of Packaging Corporation of America worth $13,122,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC increased its stake in Packaging Corporation of America by 20.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 387 shares of the industrial products company's stock valued at $77,000 after buying an additional 66 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in Packaging Corporation of America by 1.9% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,771 shares of the industrial products company's stock valued at $849,000 after buying an additional 70 shares during the last quarter. Avidian Wealth Enterprises LLC increased its stake in Packaging Corporation of America by 6.1% in the 1st quarter. Avidian Wealth Enterprises LLC now owns 1,308 shares of the industrial products company's stock valued at $259,000 after buying an additional 75 shares during the last quarter. Colonial Trust Co SC increased its stake in Packaging Corporation of America by 3.9% in the 4th quarter. Colonial Trust Co SC now owns 2,071 shares of the industrial products company's stock valued at $466,000 after buying an additional 78 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its stake in Packaging Corporation of America by 0.7% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 10,857 shares of the industrial products company's stock valued at $2,466,000 after buying an additional 80 shares during the last quarter. 89.78% of the stock is owned by institutional investors.

Packaging Corporation of America Trading Down 0.1%

Shares of PKG traded down $0.17 during trading hours on Thursday, hitting $202.40. 468,417 shares of the stock were exchanged, compared to its average volume of 748,166. Packaging Corporation of America has a fifty-two week low of $172.72 and a fifty-two week high of $250.82. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.28 and a quick ratio of 2.15. The business has a 50-day moving average of $194.15 and a 200-day moving average of $201.50. The firm has a market capitalization of $18.21 billion, a P/E ratio of 21.17, a price-to-earnings-growth ratio of 2.68 and a beta of 0.82.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.10. The company had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.12 billion. Packaging Corporation of America had a net margin of 10.09% and a return on equity of 20.08%. On average, research analysts expect that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Friday, June 13th. Packaging Corporation of America's dividend payout ratio (DPR) is 52.30%.

Analysts Set New Price Targets

PKG has been the topic of several recent analyst reports. UBS Group boosted their price objective on shares of Packaging Corporation of America from $200.00 to $210.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Jefferies Financial Group lowered shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $245.00 to $205.00 in a research note on Monday, June 16th. Wells Fargo & Company boosted their price objective on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Truist Financial boosted their price objective on shares of Packaging Corporation of America from $237.00 to $239.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Finally, Wall Street Zen lowered shares of Packaging Corporation of America from a "buy" rating to a "hold" rating in a research note on Sunday, April 6th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Packaging Corporation of America currently has an average rating of "Hold" and an average price target of $217.80.

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.