Juncture Wealth Strategies LLC Boosts Holdings in Packaging Co. of America (NYSE:PKG)

Juncture Wealth Strategies LLC raised its stake in shares of Packaging Co. of America (NYSE:PKG) by 3.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,598 shares of the industrial products company’s stock after buying an additional 98 shares during the period. Juncture Wealth Strategies LLC’s holdings in Packaging Co. of America were worth $343,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Clear Street Markets LLC lifted its holdings in Packaging Co. of America by 94.6% in the first quarter. Clear Street Markets LLC now owns 181 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 88 shares during the period. ICA Group Wealth Management LLC acquired a new position in shares of Packaging Co. of America in the 4th quarter valued at $28,000. WealthPLAN Partners LLC purchased a new stake in Packaging Co. of America during the first quarter worth $30,000. Money Concepts Capital Corp grew its position in Packaging Co. of America by 60.0% during the fourth quarter. Money Concepts Capital Corp now owns 264 shares of the industrial products company’s stock valued at $34,000 after buying an additional 99 shares during the period. Finally, American National Bank purchased a new position in Packaging Co. of America in the first quarter valued at $37,000. Institutional investors and hedge funds own 90.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. UBS Group cut their price target on Packaging Co. of America from $137.00 to $132.00 in a research note on Friday, June 30th. StockNews.com began coverage on shares of Packaging Co. of America in a report on Thursday, August 17th. They issued a “hold” rating for the company. Citigroup increased their price objective on shares of Packaging Co. of America from $128.00 to $148.00 in a report on Thursday, July 27th. Bank of America decreased their price target on shares of Packaging Co. of America from $145.00 to $138.00 in a research note on Monday, July 10th. Finally, Truist Financial raised their target price on Packaging Co. of America from $140.00 to $156.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $134.29.

Packaging Co. of America Price Performance

Shares of PKG stock opened at $151.80 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.35 and a quick ratio of 2.10. The company has a market capitalization of $13.65 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 3.67 and a beta of 0.91. The firm’s 50-day moving average is $146.55 and its two-hundred day moving average is $138.12. Packaging Co. of America has a 12 month low of $110.56 and a 12 month high of $158.66.

Packaging Co. of America (NYSE:PKG) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.38. Packaging Co. of America had a return on equity of 23.30% and a net margin of 10.79%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the business posted $3.23 earnings per share. The firm’s revenue for the quarter was down 12.7% compared to the same quarter last year. Analysts predict that Packaging Co. of America will post 8.15 earnings per share for the current year.

Packaging Co. of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, September 25th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Friday, September 22nd. Packaging Co. of America’s dividend payout ratio (DPR) is presently 52.85%.

Insider Activity

In other Packaging Co. of America news, VP Thomas A. Hassfurther sold 27,027 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $148.80, for a total transaction of $4,021,617.60. Following the transaction, the vice president now directly owns 198,121 shares in the company, valued at $29,480,404.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Thomas A. Hassfurther sold 27,027 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $148.80, for a total value of $4,021,617.60. Following the completion of the transaction, the vice president now owns 198,121 shares of the company’s stock, valued at $29,480,404.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Robert Andrew Schneider sold 15,000 shares of Packaging Co. of America stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $152.84, for a total transaction of $2,292,600.00. Following the completion of the transaction, the senior vice president now owns 22,595 shares of the company’s stock, valued at approximately $3,453,419.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,783 shares of company stock valued at $9,023,216. Company insiders own 1.80% of the company’s stock.

Packaging Co. of America Profile

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. The Packaging segment offers various containerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.