Universal Beteiligungs und Servicegesellschaft mbH Invests $32.79 Million in Packaging Co. of America (NYSE:PKG)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Packaging Co. of America (NYSE:PKG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 145,630 shares of the industrial products company's stock, valued at approximately $32,786,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.16% of Packaging Co. of America 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 PKG. Centricity Wealth Management LLC acquired a new position in shares of Packaging Co. of America in the 4th quarter valued at about $44,000. Lazard Asset Management LLC lifted its stake in shares of Packaging Co. of America by 1,033.3% in the 4th quarter. Lazard Asset Management LLC now owns 204 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 186 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Packaging Co. of America in the 4th quarter valued at about $48,000. Rialto Wealth Management LLC acquired a new position in shares of Packaging Co. of America in the 4th quarter valued at about $63,000. Finally, Ameriflex Group Inc. bought a new stake in Packaging Co. of America in the 4th quarter valued at about $64,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $180.00 target price (down from $205.00) on shares of Packaging Co. of America in a research report on Friday, May 9th. Seaport Res Ptn raised Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 13th. Wall Street Zen lowered Packaging Co. of America from a "buy" rating to a "hold" rating in a report on Sunday, April 6th. Finally, Truist Financial decreased their price objective on Packaging Co. of America from $265.00 to $238.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $226.60.

Packaging Co. of America Price Performance

Shares of PKG stock traded up $0.02 on Friday, reaching $193.02. The company's stock had a trading volume of 1,062,503 shares, compared to its average volume of 723,003. The company has a market capitalization of $17.37 billion, a P/E ratio of 21.61, a PEG ratio of 2.41 and a beta of 0.85. The company has a quick ratio of 1.98, a current ratio of 2.95 and a debt-to-equity ratio of 0.58. Packaging Co. of America has a 12-month low of $172.72 and a 12-month high of $250.82. The stock's 50 day simple moving average is $188.78 and its 200-day simple moving average is $211.81.

Packaging Co. of America (NYSE:PKG - Get Free Report) last released its earnings results on Tuesday, April 22nd. The industrial products company reported $2.31 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.12 billion. As a group, equities 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be paid a dividend of $1.25 per share. The ex-dividend date is Friday, June 13th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.59%. Packaging Co. of America's dividend payout ratio (DPR) is currently 52.30%.

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.