Price T Rowe Associates Inc. MD Has $255.39 Million Holdings in Packaging Co. of America (NYSE:PKG)

Price T Rowe Associates Inc. MD cut its holdings in shares of Packaging Co. of America (NYSE:PKG - Free Report) by 3.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,134,398 shares of the industrial products company's stock after selling 34,980 shares during the period. Price T Rowe Associates Inc. MD owned approximately 1.26% of Packaging Co. of America worth $255,389,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. SYM FINANCIAL Corp boosted its holdings in Packaging Co. of America by 3.1% in the 4th quarter. SYM FINANCIAL Corp now owns 1,405 shares of the industrial products company's stock valued at $316,000 after purchasing an additional 42 shares during the last quarter. Mather Group LLC. grew its holdings in shares of Packaging Co. of America by 1.7% during the 4th quarter. Mather Group LLC. now owns 2,586 shares of the industrial products company's stock worth $582,000 after purchasing an additional 43 shares during the period. UMB Bank n.a. raised its holdings in Packaging Co. of America by 3.9% in the 4th quarter. UMB Bank n.a. now owns 1,165 shares of the industrial products company's stock valued at $262,000 after buying an additional 44 shares during the period. AlphaMark Advisors LLC boosted its stake in Packaging Co. of America by 3.9% during the fourth quarter. AlphaMark Advisors LLC now owns 1,384 shares of the industrial products company's stock worth $312,000 after buying an additional 52 shares during the period. Finally, Atomi Financial Group Inc. increased its position in shares of Packaging Co. of America by 3.3% during the fourth quarter. Atomi Financial Group Inc. now owns 1,643 shares of the industrial products company's stock valued at $370,000 after acquiring an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 89.78% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on Packaging Co. of America from $209.00 to $205.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Truist Financial lowered their price objective on shares of Packaging Co. of America from $265.00 to $238.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. StockNews.com downgraded shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Sunday, April 6th. Citigroup raised their price target on shares of Packaging Co. of America from $232.00 to $235.00 and gave the company a "neutral" rating in a research report on Monday, January 6th. Finally, 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. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $231.60.

Packaging Co. of America Price Performance

Shares of PKG stock traded down $0.91 during trading hours on Thursday, hitting $184.70. The company's stock had a trading volume of 184,273 shares, compared to its average volume of 696,962. 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 business has a fifty day moving average of $194.60 and a 200-day moving average of $217.49. The stock has a market cap of $16.61 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 2.41 and a beta of 0.84. Packaging Co. of America has a twelve month low of $172.37 and a twelve month high of $250.82.

Packaging Co. of America (NYSE:PKG - Get Free Report) last posted its quarterly earnings data 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. Packaging Co. of America had a net margin of 9.60% and a return on equity of 19.67%. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.12 billion. As a group, equities research analysts anticipate that Packaging Co. of America will post 10.44 EPS for the current year.

Packaging Co. of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were given a $1.25 dividend. 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 52.30%.

Packaging Co. of America 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.