Packaging Co. of America (NYSE:PKG) Shares Purchased by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH grew its stake in Packaging Co. of America (NYSE:PKG - Free Report) by 155.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,566 shares of the industrial products company's stock after purchasing an additional 2,778 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Packaging Co. of America were worth $1,028,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. SYM FINANCIAL Corp lifted 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 in the last quarter. Mather Group LLC. grew its holdings in shares of Packaging Co. of America by 1.7% during the fourth quarter. Mather Group LLC. now owns 2,586 shares of the industrial products company's stock worth $582,000 after buying an additional 43 shares in the last quarter. UMB Bank n.a. raised its position in shares of Packaging Co. of America by 3.9% in the fourth 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 last quarter. AlphaMark Advisors LLC lifted its stake in shares of Packaging Co. of America by 3.9% in 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 in the last quarter. Finally, Atomi Financial Group Inc. lifted its stake in shares of Packaging Co. of America by 3.3% in the fourth quarter. Atomi Financial Group Inc. now owns 1,643 shares of the industrial products company's stock worth $370,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company's stock.

Packaging Co. of America Trading Down 0.0%

Shares of PKG traded down $0.02 during trading on Thursday, reaching $190.78. 208,171 shares of the company traded hands, compared to its average volume of 927,161. The stock has a 50-day simple moving average of $189.45 and a 200-day simple moving average of $213.70. The stock has a market cap of $17.17 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 2.41 and a beta of 0.85. Packaging Co. of America has a twelve month low of $172.71 and a twelve month high of $250.82. The company has a quick ratio of 1.98, a current ratio of 2.95 and a debt-to-equity ratio of 0.58.

Packaging Co. of America (NYSE:PKG - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The industrial products company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.10. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.12 billion. Packaging Co. of America had a net margin of 9.60% and a return on equity of 19.67%. On average, analysts anticipate 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 will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Friday, June 13th. Packaging Co. of America's payout ratio is currently 52.30%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PKG shares. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $180.00 price objective (down previously from $205.00) on shares of Packaging Co. of America in a research note on Friday, May 9th. Wall Street Zen cut Packaging Co. of America from a "buy" rating to a "hold" rating in a report on Sunday, April 6th. Seaport Res Ptn raised Packaging Co. of America from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 13th. Finally, Truist Financial reduced their price objective on 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. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Packaging Co. of America presently has a consensus rating of "Moderate Buy" and an average target price of $226.60.

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.