Natixis Grows Position in Packaging Co. of America (NYSE:PKG)

Natixis boosted its holdings in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 32.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,267 shares of the industrial products company's stock after acquiring an additional 13,677 shares during the period. Natixis owned about 0.06% of Packaging Co. of America worth $12,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Fortitude Family Office LLC raised its stake in shares of Packaging Co. of America by 150.8% during the 4th quarter. Fortitude Family Office LLC now owns 163 shares of the industrial products company's stock worth $37,000 after acquiring an additional 98 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in shares of Packaging Co. of America during the fourth quarter worth $44,000. Golden State Wealth Management LLC purchased a new position in Packaging Co. of America in the 4th quarter worth $48,000. Rialto Wealth Management LLC acquired a new position in shares of Packaging Co. of America in the fourth quarter valued at about $63,000. Finally, Intact Investment Management Inc. acquired a new stake in shares of Packaging Co. of America during the fourth quarter worth about $68,000. Institutional investors own 89.78% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on PKG shares. Wells Fargo & Company reduced their price target on shares of Packaging Co. of America from $209.00 to $205.00 and set an "overweight" rating for the company in a research report on Thursday. Truist Financial dropped their target price on Packaging Co. of America from $265.00 to $238.00 and set a "buy" rating on the stock in a report on Tuesday. Seaport Res Ptn raised shares of Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 13th. StockNews.com downgraded shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a report on Sunday, April 6th. Finally, Citigroup upped their price objective on shares of Packaging Co. of America from $232.00 to $235.00 and gave the stock a "neutral" rating in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Packaging Co. of America has a consensus rating of "Moderate Buy" and an average price target of $231.60.

Packaging Co. of America Trading Down 2.0 %

NYSE:PKG traded down $3.87 during trading hours on Friday, reaching $184.84. 294,082 shares of the stock were exchanged, compared to its average volume of 695,448. Packaging Co. of America has a twelve month low of $169.79 and a twelve month high of $250.82. The company has a quick ratio of 1.98, a current ratio of 2.95 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average of $196.58 and a two-hundred day moving average of $218.34. The company has a market capitalization of $16.62 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 2.41 and a beta of 0.84.

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, topping 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%. On average, equities analysts predict that Packaging Co. of America will post 10.44 EPS for the current year.

Packaging Co. of America Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.70%. The ex-dividend date was Friday, March 14th. Packaging Co. of America's dividend payout ratio (DPR) is presently 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.