Packaging Co. of America (NYSE:PKG) Stock Position Lifted by Nebula Research & Development LLC

Nebula Research & Development LLC boosted its position in Packaging Co. of America (NYSE:PKG - Free Report) by 609.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,131 shares of the industrial products company's stock after buying an additional 14,715 shares during the quarter. Packaging Co. of America makes up about 0.5% of Nebula Research & Development LLC's holdings, making the stock its 2nd largest position. Nebula Research & Development LLC's holdings in Packaging Co. of America were worth $3,857,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Fortitude Family Office LLC increased its position in Packaging Co. of America by 150.8% in the fourth quarter. Fortitude Family Office LLC now owns 163 shares of the industrial products company's stock worth $37,000 after buying an additional 98 shares during the last quarter. Centricity Wealth Management LLC bought a new position in shares of Packaging Co. of America in the fourth quarter worth $44,000. Golden State Wealth Management LLC bought a new position in shares of Packaging Co. of America in the fourth quarter worth $48,000. Rialto Wealth Management LLC bought a new position in shares of Packaging Co. of America in the fourth quarter worth $63,000. Finally, Intact Investment Management Inc. bought a new position in shares of Packaging Co. of America in the fourth quarter worth $68,000. 89.78% of the stock is owned by hedge funds and other institutional investors.

Packaging Co. of America Price Performance

NYSE:PKG traded down $1.17 during trading hours on Wednesday, hitting $184.81. 231,540 shares of the company's stock traded hands, compared to its average volume of 955,110. 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's fifty day simple moving average is $195.05 and its two-hundred day simple moving average is $217.71. Packaging Co. of America has a 52 week low of $172.37 and a 52 week high of $250.82. The firm has a market cap of $16.62 billion, a P/E ratio of 20.70, a P/E/G ratio of 2.41 and a beta of 0.84.

Packaging Co. of America (NYSE:PKG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.10. Packaging Co. of America had a return on equity of 19.67% and a net margin of 9.60%. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.12 billion. On average, research analysts anticipate that Packaging Co. of America will post 10.44 earnings per share for the current fiscal 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 paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.71%. The ex-dividend date was Friday, March 14th. Packaging Co. of America's dividend payout ratio (DPR) is currently 52.30%.

Analyst Upgrades and Downgrades

PKG has been the subject of a number of analyst reports. Citigroup raised their price target on Packaging Co. of America from $232.00 to $235.00 and gave the stock a "neutral" rating in a report on Monday, January 6th. Truist Financial cut their price target on Packaging Co. of America from $265.00 to $238.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company cut their price target on Packaging Co. of America from $209.00 to $205.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Seaport Res Ptn raised Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 13th. Finally, StockNews.com lowered Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Sunday, April 6th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Packaging Co. of America has a consensus rating of "Moderate Buy" and a consensus target price of $231.60.

About Packaging Co. of America

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.