Packaging Co. of America (NYSE:PKG) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 419,871 shares of the industrial products company's stock after selling 24,099 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.47% of Packaging Co. of America worth $94,526,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PKG. Merit Financial Group LLC acquired a new stake in Packaging Co. of America during the fourth quarter worth approximately $390,000. Atomi Financial Group Inc. boosted its holdings in shares of Packaging Co. of America by 3.3% in the 4th quarter. Atomi Financial Group Inc. now owns 1,643 shares of the industrial products company's stock valued at $370,000 after purchasing an additional 52 shares during the last quarter. Dakota Wealth Management acquired a new position in shares of Packaging Co. of America in the 4th quarter valued at $1,335,000. Avior Wealth Management LLC boosted its holdings in shares of Packaging Co. of America by 21.8% in the 4th quarter. Avior Wealth Management LLC now owns 1,208 shares of the industrial products company's stock valued at $272,000 after purchasing an additional 216 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its holdings in shares of Packaging Co. of America by 3.4% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 5,581 shares of the industrial products company's stock valued at $1,256,000 after purchasing an additional 186 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Co. of America Stock Up 0.2%

Packaging Co. of America stock traded up $0.37 during midday trading on Thursday, hitting $192.59. 241,355 shares of the stock were exchanged, compared to its average volume of 718,273. Packaging Co. of America has a 1 year low of $172.72 and a 1 year high of $250.82. The firm has a market cap of $17.33 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.41 and a beta of 0.85. 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 company has a 50 day moving average price of $188.93 and a two-hundred day moving average price of $212.15.

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, topping the consensus estimate of $2.21 by $0.10. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.12 billion. Packaging Co. of America had a net margin of 9.60% and a return on equity of 19.67%. On average, sell-side 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 firm also recently declared 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 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Friday, June 13th. Packaging Co. of America's dividend payout ratio (DPR) is presently 52.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wells Fargo & Company reissued an "equal weight" rating and issued a $180.00 target price (down previously from $205.00) on shares of Packaging Co. of America in a research note on Friday, May 9th. Wall Street Zen downgraded shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Sunday, April 6th. Seaport Res Ptn raised shares of Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 13th. Finally, Truist Financial cut their target price on shares of Packaging Co. of America from $265.00 to $238.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $226.60.

Packaging Co. 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.