Packaging Co. of America (NYSE:PKG) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC increased its position in Packaging Co. of America (NYSE:PKG - Free Report) by 19,323.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 30,301 shares of the industrial products company's stock after acquiring an additional 30,145 shares during the quarter. International Assets Investment Management LLC's holdings in Packaging Co. of America were worth $4,936,000 as of its most recent SEC filing.

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

Packaging Co. of America Stock Performance

NYSE PKG traded up $1.84 during trading hours on Thursday, hitting $180.38. The company's stock had a trading volume of 312,756 shares, compared to its average volume of 681,939. The company's 50 day simple moving average is $182.45 and its two-hundred day simple moving average is $169.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.57 and a quick ratio of 1.77. The company has a market cap of $16.19 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 4.29 and a beta of 0.80. Packaging Co. of America has a 12 month low of $122.20 and a 12 month high of $191.27.

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 company had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.91 billion. Packaging Co. of America had a net margin of 9.25% and a return on equity of 18.94%. The firm's quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company posted $2.20 earnings per share. As a group, sell-side analysts expect that Packaging Co. of America will post 8.21 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 Monday, July 15th. Stockholders of record on Friday, June 14th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.77%. Packaging Co. of America's payout ratio is currently 62.50%.

Wall Street Analysts Forecast Growth

PKG has been the subject of a number of recent analyst reports. Seaport Res Ptn lowered shares of Packaging Co. of America from a "buy" rating to a "neutral" rating in a report on Monday, January 29th. Bank of America upgraded Packaging Co. of America from a "neutral" rating to a "buy" rating and raised their target price for the company from $172.00 to $202.00 in a research note on Monday, March 4th. Citigroup decreased their price objective on Packaging Co. of America from $183.00 to $181.00 and set a "neutral" rating for the company in a report on Thursday, April 25th. BNP Paribas downgraded shares of Packaging Co. of America from an "outperform" rating to a "neutral" rating and set a $182.00 target price on the stock. in a research report on Friday, April 12th. Finally, Wells Fargo & Company raised shares of Packaging Co. of America from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $187.00 to $191.00 in a research report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Packaging Co. of America presently has a consensus rating of "Hold" and a consensus price target of $173.57.

Insider Buying and Selling

In related news, VP Thomas A. Hassfurther sold 13,850 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $181.06, for a total value 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 approximately $33,975,365.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Thomas A. Hassfurther sold 13,850 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $181.06, for a total value of $2,507,681.00. Following the transaction, the vice president now directly owns 187,647 shares of the company's stock, valued at approximately $33,975,365.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas A. Hassfurther sold 14,191 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $173.80, for a total transaction of $2,466,395.80. Following the sale, the vice president now directly owns 183,930 shares of the company's stock, valued at $31,967,034. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,041 shares of company stock valued at $6,799,177. 1.70% of the stock is owned by insiders.

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.