Lighthouse Investment Partners LLC Has $886,000 Holdings in Packaging Co. of America (NYSE:PKG)

Lighthouse Investment Partners LLC decreased its holdings in Packaging Co. of America (NYSE:PKG - Free Report) by 74.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,937 shares of the industrial products company's stock after selling 11,301 shares during the quarter. Lighthouse Investment Partners LLC's holdings in Packaging Co. of America were worth $886,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of PKG. Czech National Bank boosted its stake in shares of Packaging Co. of America by 6.4% in the fourth quarter. Czech National Bank now owns 19,334 shares of the industrial products company's stock valued at $4,353,000 after buying an additional 1,171 shares during the period. Aprio Wealth Management LLC lifted its position in shares of Packaging Co. of America by 8.2% during the 4th quarter. Aprio Wealth Management LLC now owns 1,024 shares of the industrial products company's stock valued at $230,000 after acquiring an additional 78 shares during the period. Wedmont Private Capital grew its holdings in shares of Packaging Co. of America by 12.4% during the 4th quarter. Wedmont Private Capital now owns 1,847 shares of the industrial products company's stock worth $421,000 after purchasing an additional 204 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of Packaging Co. of America during the 4th quarter worth $220,000. Finally, Pallas Capital Advisors LLC increased its position in shares of Packaging Co. of America by 15.5% in the fourth quarter. Pallas Capital Advisors LLC now owns 1,805 shares of the industrial products company's stock worth $406,000 after purchasing an additional 242 shares during the period. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Co. of America Stock Up 1.6%

PKG stock opened at $191.82 on Thursday. The firm has a 50-day moving average price of $189.82 and a 200-day moving average price of $214.92. Packaging Co. of America has a 12 month low of $172.72 and a 12 month high of $250.82. 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 stock has a market capitalization of $17.26 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 2.41 and a beta of 0.85.

Packaging Co. of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $2.12 billion. Packaging Co. of America had a net margin of 9.60% and a return on equity of 19.67%. As a group, equities research analysts anticipate that Packaging Co. of America will post 10.44 EPS for the current fiscal year.

Packaging Co. of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be given 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 yield of 2.61%. Packaging Co. of America's dividend payout ratio is currently 52.30%.

Wall Street Analyst Weigh In

PKG has been the topic of a number of analyst reports. Truist Financial reduced their price objective 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. Seaport Res Ptn raised shares of Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 13th. Wells Fargo & Company reissued an "equal weight" rating and issued a $180.00 price objective (down from $205.00) on shares of Packaging Co. of America in a research note on Friday, May 9th. Finally, StockNews.com downgraded shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a research report on Sunday, April 6th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average 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.

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