Members Capital Advisors Inc. Decreases Position in Packaging Co. of America (NYSE:PKG)

Members Capital Advisors Inc. lessened its holdings in Packaging Co. of America (NYSE:PKG - Free Report) by 94.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 674 shares of the industrial products company's stock after selling 11,422 shares during the quarter. Packaging Co. of America accounts for 0.3% of Members Capital Advisors Inc.'s investment portfolio, making the stock its 28th biggest position. Members Capital Advisors Inc.'s holdings in Packaging Co. of America were worth $110,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Packaging Co. of America in the third quarter valued at about $25,000. Anchor Investment Management LLC bought a new stake in shares of Packaging Co. of America during the 4th quarter valued at about $37,000. Fortis Group Advisors LLC bought a new stake in shares of Packaging Co. of America during the 3rd quarter valued at about $46,000. BKM Wealth Management LLC bought a new stake in shares of Packaging Co. of America during the 4th quarter valued at about $49,000. Finally, Orion Capital Management LLC bought a new stake in shares of Packaging Co. of America during the 3rd quarter valued at about $53,000. Hedge funds and other institutional investors own 89.78% of the company's stock.

Insider Activity

In other news, VP Thomas A. Hassfurther sold 13,850 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $181.06, for a total transaction of $2,507,681.00. Following the completion of the transaction, the vice president now directly owns 187,647 shares of the company's stock, valued at $33,975,365.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Packaging Co. of America news, VP Thomas A. Hassfurther sold 13,850 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $181.06, for a total transaction of $2,507,681.00. Following the completion of the sale, the vice president now directly owns 187,647 shares of the company's stock, valued at $33,975,365.82. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Robert P. Mundy sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $182.51, for a total transaction of $1,825,100.00. Following the sale, the chief financial officer now directly owns 46,454 shares of the company's stock, valued at $8,478,319.54. The disclosure for this sale can be found here. Insiders sold 38,041 shares of company stock valued at $6,799,177 over the last three months. Insiders own 1.70% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company raised shares of Packaging Co. of America from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $187.00 to $191.00 in a research note on Wednesday. Seaport Res Ptn lowered shares of Packaging Co. of America from a "buy" rating to a "neutral" rating in a research note on Monday, January 29th. BNP Paribas lowered shares of Packaging Co. of America from an "outperform" rating to a "neutral" rating and set a $182.00 price objective on the stock. in a research note on Friday, April 12th. Truist Financial boosted their price objective on shares of Packaging Co. of America from $170.00 to $187.00 and gave the stock a "buy" rating in a research note on Thursday, January 4th. Finally, StockNews.com lowered shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Friday, April 19th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $173.86.

Packaging Co. of America Stock Up 1.8 %

Shares of NYSE PKG traded up $3.04 during midday trading on Wednesday, hitting $173.92. The stock had a trading volume of 870,835 shares, compared to its average volume of 701,101. The business's 50 day moving average is $181.56 and its 200-day moving average is $168.02. The company has a market cap of $15.61 billion, a P/E ratio of 21.74, a PEG ratio of 4.35 and a beta of 0.78. Packaging Co. of America has a 52 week low of $122.20 and a 52 week high of $191.27. The company has a quick ratio of 1.77, a current ratio of 2.57 and a debt-to-equity ratio of 0.62.

Packaging Co. of America (NYSE:PKG - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The industrial products company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.09. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.91 billion. Packaging Co. of America had a net margin of 9.25% and a return on equity of 18.94%. The business's revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.20 earnings per share. As a group, analysts predict that Packaging Co. of America will post 8.24 EPS for the current year.

Packaging Co. of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 15th were issued a dividend of $1.25 per share. The ex-dividend date was Thursday, March 14th. This represents a $5.00 annualized dividend and a dividend yield of 2.87%. Packaging Co. of America's payout ratio is 62.50%.

Packaging Co. of America Company Profile

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers various containerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.

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