Universal Beteiligungs und Servicegesellschaft mbH Buys 24,917 Shares of Packaging Corporation of America (NYSE:PKG)

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Packaging Corporation of America (NYSE:PKG - Free Report) by 17.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,547 shares of the industrial products company's stock after acquiring an additional 24,917 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.19% of Packaging Corporation of America worth $33,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Y Intercept Hong Kong Ltd boosted its holdings in shares of Packaging Corporation of America by 5.3% in the first quarter. Y Intercept Hong Kong Ltd now owns 11,801 shares of the industrial products company's stock worth $2,337,000 after buying an additional 591 shares during the last quarter. Lindbrook Capital LLC increased its position in Packaging Corporation of America by 10.0% during the first quarter. Lindbrook Capital LLC now owns 3,357 shares of the industrial products company's stock valued at $665,000 after acquiring an additional 304 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in Packaging Corporation of America by 2.7% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 6,926 shares of the industrial products company's stock valued at $1,371,000 after acquiring an additional 181 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of Packaging Corporation of America by 22.5% during the first quarter. Kestra Private Wealth Services LLC now owns 2,567 shares of the industrial products company's stock valued at $508,000 after purchasing an additional 471 shares during the period. Finally, Parcion Private Wealth LLC purchased a new stake in Packaging Corporation of America in the first quarter worth about $225,000. 89.78% of the stock is currently owned by institutional investors.

Packaging Corporation of America Stock Performance

Shares of PKG opened at $205.39 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.15 and a current ratio of 3.28. Packaging Corporation of America has a 1 year low of $172.72 and a 1 year high of $250.82. The stock has a market capitalization of $18.48 billion, a PE ratio of 21.48, a PEG ratio of 2.66 and a beta of 0.82. The stock has a 50-day simple moving average of $195.07 and a 200-day simple moving average of $200.85.

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

Packaging Corporation of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 13th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.43%. Packaging Corporation of America's dividend payout ratio (DPR) is presently 52.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Jefferies Financial Group downgraded shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and reduced their target price for the stock from $245.00 to $205.00 in a report on Monday, June 16th. Truist Financial upped their price objective on 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. Wall Street Zen lowered Packaging Corporation of America from a "buy" rating to a "hold" rating in a research report on Sunday, April 6th. UBS Group increased their target price on Packaging Corporation of America from $200.00 to $210.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Finally, Wells Fargo & Company increased their target price on Packaging Corporation of America from $180.00 to $200.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Five equities research 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 company's stock. According to MarketBeat, Packaging Corporation of America presently has a consensus rating of "Hold" and a consensus target price of $217.80.

Packaging Corporation 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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