Two Sigma Advisers LP Has $77.45 Million Stake in Packaging Co. of America (NYSE:PKG)

Two Sigma Advisers LP lifted its holdings in Packaging Co. of America (NYSE:PKG - Free Report) by 65.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,000 shares of the industrial products company's stock after acquiring an additional 136,300 shares during the quarter. Two Sigma Advisers LP owned approximately 0.38% of Packaging Co. of America worth $77,445,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Jackson Creek Investment Advisors LLC acquired a new position in Packaging Co. of America in the fourth quarter worth $293,000. AlphaQuest LLC increased its position in shares of Packaging Co. of America by 25.3% in the 4th quarter. AlphaQuest LLC now owns 9,683 shares of the industrial products company's stock valued at $2,180,000 after buying an additional 1,954 shares in the last quarter. Distillate Capital Partners LLC acquired a new stake in shares of Packaging Co. of America during the fourth quarter worth $15,828,000. Strategic Financial Concepts LLC bought a new stake in shares of Packaging Co. of America in the fourth quarter valued at about $6,966,000. Finally, Sciencast Management LP bought a new stake in Packaging Co. of America in the 4th quarter valued at approximately $2,853,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Packaging Co. of America Trading Up 0.1%

PKG opened at $194.37 on Tuesday. The company's 50 day moving average is $189.53 and its 200-day moving average is $214.00. The company has a market cap of $17.49 billion, a P/E ratio of 21.77, a PEG 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. The company has a current ratio of 2.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.58.

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

Packaging Co. of America Dividend Announcement

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 given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Friday, June 13th. Packaging Co. of America's dividend payout ratio (DPR) is presently 52.30%.

Analyst Ratings Changes

PKG has been the subject of a number of recent research reports. Wells Fargo & Company restated an "equal weight" rating and set a $180.00 price objective (down from $205.00) on shares of Packaging Co. of America in a research note on Friday, May 9th. 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. StockNews.com cut Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Sunday, April 6th. Finally, Seaport Res Ptn raised Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Packaging Co. of America presently 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.

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