Unigestion Holding SA Purchases 7,800 Shares of Packaging Co. of America (NYSE:PKG)

Unigestion Holding SA lifted its stake in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 12.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,653 shares of the industrial products company's stock after acquiring an additional 7,800 shares during the quarter. Unigestion Holding SA owned approximately 0.08% of Packaging Co. of America worth $13,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in PKG. Perigon Wealth Management LLC boosted its stake in shares of Packaging Co. of America by 17.1% in the 4th quarter. Perigon Wealth Management LLC now owns 1,408 shares of the industrial products company's stock valued at $331,000 after purchasing an additional 206 shares during the last quarter. Caprock Group LLC lifted its holdings in Packaging Co. of America by 18.7% in the fourth quarter. Caprock Group LLC now owns 2,925 shares of the industrial products company's stock valued at $662,000 after buying an additional 460 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its holdings in Packaging Co. of America by 4.7% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,629 shares of the industrial products company's stock valued at $592,000 after buying an additional 119 shares during the period. SYM FINANCIAL Corp boosted its position in Packaging Co. of America by 3.1% during the fourth quarter. SYM FINANCIAL Corp now owns 1,405 shares of the industrial products company's stock valued at $316,000 after acquiring an additional 42 shares during the last quarter. Finally, Greenleaf Trust raised its position in shares of Packaging Co. of America by 4.0% in the 4th quarter. Greenleaf Trust now owns 2,503 shares of the industrial products company's stock worth $564,000 after acquiring an additional 97 shares in the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

Packaging Co. of America Stock Up 0.6%

PKG traded up $1.21 during midday trading on Thursday, reaching $194.55. 899,288 shares of the company were exchanged, compared to its average volume of 729,409. The company has a market cap of $17.51 billion, a price-to-earnings ratio of 21.79, a price-to-earnings-growth ratio of 2.41 and a beta of 0.85. Packaging Co. of America has a one year low of $172.72 and a one year high of $250.82. The company's fifty day moving average price is $188.40 and its 200 day moving average price is $210.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.98 and a current ratio of 2.95.

Packaging Co. of America (NYSE:PKG - Get Free Report) last announced its earnings results 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. The company had revenue of $2.14 billion for the quarter, compared to analysts' expectations 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, analysts expect that Packaging Co. of America will post 10.44 EPS for the current year.

Packaging Co. of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $5.00 annualized dividend and a dividend yield of 2.57%. Packaging Co. of America's payout ratio is 52.30%.

Wall Street Analysts Forecast Growth

PKG has been the subject of several research analyst reports. UBS Group began coverage on shares of Packaging Co. of America in a research note on Wednesday. They issued a "neutral" rating and a $200.00 price objective for the company. Wall Street Zen lowered Packaging Co. of America from a "buy" rating to a "hold" rating in a research report on Sunday, April 6th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $180.00 price target (down from $205.00) on shares of Packaging Co. of America in a research note on Friday, May 9th. Truist Financial reduced their price objective 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. Finally, Seaport Res Ptn upgraded Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 13th. Four equities research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $222.17.

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.