Natixis Advisors L.P. Sells 4,945 Shares of Packaging Co. of America (NYSE:PKG)

Natixis Advisors L.P. reduced its stake in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 83,880 shares of the industrial products company's stock after selling 4,945 shares during the quarter. Natixis Advisors L.P. owned 0.09% of Packaging Co. of America worth $13,664,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Packaging Co. of America during the third quarter worth about $25,000. First Horizon Advisors Inc. increased its stake in Packaging Co. of America by 60.5% in the fourth quarter. First Horizon Advisors Inc. now owns 183 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 69 shares during the last quarter. Anchor Investment Management LLC acquired a new position in Packaging Co. of America during the fourth quarter valued at approximately $37,000. Fortis Group Advisors LLC bought a new stake in Packaging Co. of America during the third quarter worth $46,000. Finally, BKM Wealth Management LLC acquired a new stake in shares of Packaging Co. of America in the 4th quarter valued at $49,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Robert P. Mundy sold 10,000 shares of Packaging Co. of America stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $182.51, for a total value of $1,825,100.00. Following the transaction, the chief financial officer now directly owns 46,454 shares of the company's stock, valued at $8,478,319.54. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Robert P. Mundy sold 10,000 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 46,454 shares in the company, valued at $8,478,319.54. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Thomas A. Hassfurther sold 13,850 shares of the business's stock in a transaction 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 owns 187,647 shares in the company, valued at approximately $33,975,365.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,041 shares of company stock valued at $6,799,177. Company insiders own 1.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PKG. StockNews.com cut Packaging Co. of America from a "buy" rating to a "hold" rating in a report on Friday, April 19th. Wells Fargo & Company upgraded shares of Packaging Co. of America from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $187.00 to $191.00 in a research note on Wednesday, April 24th. Bank of America upgraded shares of Packaging Co. of America from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $172.00 to $202.00 in a research report on Monday, March 4th. Seaport Res Ptn lowered shares of Packaging Co. of America from a "buy" rating to a "neutral" rating in a research report on Monday, January 29th. Finally, BNP Paribas downgraded shares of Packaging Co. of America from an "outperform" rating to a "neutral" rating and set a $182.00 price target for the company. in a report on Friday, April 12th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Packaging Co. of America currently has a consensus rating of "Hold" and a consensus target price of $173.57.

Packaging Co. of America Trading Down 0.4 %

NYSE:PKG traded down $0.72 during mid-day trading on Wednesday, hitting $178.43. 417,346 shares of the company's stock were exchanged, compared to its average volume of 685,953. The company has a current ratio of 2.57, a quick ratio of 1.77 and a debt-to-equity ratio of 0.62. Packaging Co. of America has a fifty-two week low of $122.20 and a fifty-two week high of $191.27. The company has a 50 day simple moving average of $182.45 and a 200-day simple moving average of $169.70. The firm has a market capitalization of $16.01 billion, a P/E ratio of 22.30, a PEG ratio of 4.29 and a beta of 0.80.

Packaging Co. of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.09. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.91 billion. Packaging Co. of America had a net margin of 9.25% and a return on equity of 18.94%. Packaging Co. of America's revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.20 earnings per share. As a group, research analysts expect that Packaging Co. of America will post 8.21 earnings per share for the current year.

Packaging Co. of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.80%. Packaging Co. of America's dividend payout ratio (DPR) is presently 62.50%.

About Packaging Co. of America

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.