Packaging Co. of America (NYSE:PKG) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its position in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 22.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,426 shares of the industrial products company's stock after selling 3,219 shares during the quarter. Yousif Capital Management LLC's holdings in Packaging Co. of America were worth $2,263,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Packaging Co. of America by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 11,423,715 shares of the industrial products company's stock worth $2,571,821,000 after buying an additional 133,575 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Packaging Co. of America by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,069,949 shares of the industrial products company's stock worth $691,138,000 after buying an additional 132,836 shares during the last quarter. Geode Capital Management LLC grew its stake in Packaging Co. of America by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 2,366,723 shares of the industrial products company's stock worth $531,540,000 after buying an additional 29,427 shares during the last quarter. Invesco Ltd. grew its stake in Packaging Co. of America by 0.8% during the 4th quarter. Invesco Ltd. now owns 1,853,092 shares of the industrial products company's stock worth $417,187,000 after buying an additional 14,775 shares during the last quarter. Finally, Boston Partners grew its stake in Packaging Co. of America by 7.0% during the 4th quarter. Boston Partners now owns 1,565,351 shares of the industrial products company's stock worth $352,305,000 after buying an additional 101,755 shares during the last quarter. Hedge funds and other institutional investors own 89.78% of the company's stock.

Packaging Co. of America Price Performance

Shares of PKG traded down $5.01 during mid-day trading on Friday, hitting $188.30. The company's stock had a trading volume of 524,068 shares, compared to its average volume of 738,626. The company has a current ratio of 2.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.58. The firm has a 50-day simple moving average of $189.04 and a 200 day simple moving average of $207.93. The firm has a market capitalization of $16.94 billion, a P/E ratio of 21.09, a P/E/G ratio of 2.41 and a beta of 0.84. Packaging Co. of America has a 1-year low of $172.72 and a 1-year high of $250.82.

Packaging Co. of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.21 by $0.10. The business had revenue of $2.14 billion during 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%. Analysts predict that Packaging Co. of America will post 10.44 EPS for the current fiscal year.

Packaging Co. of America Announces Dividend

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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $5.00 annualized dividend and a dividend yield of 2.66%. Packaging Co. of America's dividend payout ratio is currently 52.30%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PKG shares. Wall Street Zen downgraded Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Sunday, April 6th. UBS Group began coverage on Packaging Co. of America in a research note on Wednesday, June 4th. They issued a "neutral" rating and a $200.00 target price on the stock. Wells Fargo & Company reiterated 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 note on Friday, May 9th. Finally, Truist Financial lowered their target price on 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. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Packaging Co. of America currently has a consensus rating of "Moderate Buy" and a consensus price target of $222.17.

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.