Oxford Asset Management LLP Makes New $309,000 Investment in Packaging Co. of America (NYSE:PKG)

Oxford Asset Management LLP purchased a new stake in Packaging Co. of America (NYSE:PKG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,374 shares of the industrial products company's stock, valued at approximately $309,000.

Several other large investors have also recently added to or reduced their stakes in PKG. Passumpsic Savings Bank acquired a new position in Packaging Co. of America in the 3rd quarter valued at approximately $212,000. Aldebaran Financial Inc. acquired a new stake in shares of Packaging Co. of America in the 3rd quarter valued at $215,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Packaging Co. of America in the 3rd quarter valued at $836,000. Franklin Resources Inc. boosted its stake in shares of Packaging Co. of America by 4.3% in the 3rd quarter. Franklin Resources Inc. now owns 130,628 shares of the industrial products company's stock valued at $28,736,000 after purchasing an additional 5,339 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Packaging Co. of America by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 460,518 shares of the industrial products company's stock valued at $99,194,000 after purchasing an additional 35,614 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Co. of America Trading Down 1.3 %

Shares of PKG stock traded down $2.34 on Thursday, reaching $183.27. The company had a trading volume of 719,156 shares, compared to its average volume of 699,537. 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 cap of $16.48 billion, a PE ratio of 20.52, a PEG ratio of 2.41 and a beta of 0.84. The company has a 50-day moving average of $194.60 and a 200-day moving average of $217.49. Packaging Co. of America has a 12 month low of $172.72 and a 12 month high of $250.82.

Packaging Co. of America (NYSE:PKG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $2.31 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.10. The company had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.12 billion. Packaging Co. of America had a return on equity of 19.67% and a net margin of 9.60%. On average, equities analysts forecast that Packaging Co. of America will post 10.44 earnings per share for the current year.

Packaging Co. of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were paid a dividend of $1.25 per share. The ex-dividend date was Friday, March 14th. This represents a $5.00 dividend on an annualized basis and a yield of 2.73%. Packaging Co. of America's payout ratio is 52.30%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PKG shares. Seaport Res Ptn upgraded shares of Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 13th. Truist Financial reduced their price target on shares of Packaging Co. of America from $265.00 to $238.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. 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. Citigroup upped their price target 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. Finally, 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 on the stock in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $231.60.

Packaging Co. of America Company 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.