Packaging Corp Of America (PKG) Holdings Boosted by Rhumbline Advisers

Rhumbline Advisers lifted its holdings in shares of Packaging Corp Of America (NYSE:PKG) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 205,515 shares of the industrial products company’s stock after acquiring an additional 815 shares during the period. Rhumbline Advisers’ holdings in Packaging Corp Of America were worth $24,775,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Toronto Dominion Bank grew its position in shares of Packaging Corp Of America by 12.4% during the second quarter. Toronto Dominion Bank now owns 1,158 shares of the industrial products company’s stock worth $129,000 after acquiring an additional 128 shares during the last quarter. BKD Wealth Advisors LLC grew its position in shares of Packaging Corp Of America by 16.8% during the fourth quarter. BKD Wealth Advisors LLC now owns 2,855 shares of the industrial products company’s stock worth $344,000 after acquiring an additional 411 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Packaging Corp Of America by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 9,280 shares of the industrial products company’s stock worth $1,119,000 after acquiring an additional 447 shares during the last quarter. BB&T Securities LLC grew its position in shares of Packaging Corp Of America by 5.1% during the third quarter. BB&T Securities LLC now owns 9,376 shares of the industrial products company’s stock worth $1,075,000 after acquiring an additional 458 shares during the last quarter. Finally, First Allied Advisory Services Inc. grew its position in shares of Packaging Corp Of America by 12.1% during the third quarter. First Allied Advisory Services Inc. now owns 4,486 shares of the industrial products company’s stock worth $516,000 after acquiring an additional 485 shares during the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.

Shares of Packaging Corp Of America (PKG) opened at $118.77 on Friday. The company has a current ratio of 2.45, a quick ratio of 1.49 and a debt-to-equity ratio of 1.30. Packaging Corp Of America has a fifty-two week low of $88.47 and a fifty-two week high of $131.13. The firm has a market capitalization of $11,248.47, a price-to-earnings ratio of 19.77, a P/E/G ratio of 1.89 and a beta of 1.84.

Packaging Corp Of America (NYSE:PKG) last issued its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.05. Packaging Corp Of America had a return on equity of 30.48% and a net margin of 10.37%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the company earned $1.23 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. analysts anticipate that Packaging Corp Of America will post 7.56 EPS for the current year.

A number of equities analysts have recently issued reports on PKG shares. KeyCorp restated a “hold” rating on shares of Packaging Corp Of America in a research report on Sunday, October 29th. Zacks Investment Research lowered shares of Packaging Corp Of America from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Barclays raised their target price on shares of Packaging Corp Of America from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Monday, October 30th. ValuEngine upgraded shares of Packaging Corp Of America from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Wells Fargo & Co restated a “market perform” rating and set a $130.00 target price (up from $115.00) on shares of Packaging Corp Of America in a research report on Monday, January 8th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $128.00.

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Packaging Corp Of America Profile

Packaging Corporation of America (PCA) is a producer of containerboard products and uncoated freesheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment produces a range of corrugated packaging products. The Paper segment manufactures and sells a range of papers, including communication-based papers and pressure sensitive papers.

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Institutional Ownership by Quarter for Packaging Corp Of America (NYSE:PKG)

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