1,283 Shares in Packaging Co. of America (NYSE:PKG) Purchased by Foster & Motley Inc.

Foster & Motley Inc. purchased a new position in shares of Packaging Co. of America (NYSE:PKG) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,283 shares of the industrial products company’s stock, valued at approximately $209,000.

A number of other institutional investors also recently made changes to their positions in the company. Monument Capital Management bought a new stake in shares of Packaging Co. of America during the fourth quarter worth approximately $294,000. Duality Advisers LP bought a new stake in shares of Packaging Co. of America during the fourth quarter worth approximately $391,000. Handelsbanken Fonder AB boosted its holdings in shares of Packaging Co. of America by 1.0% during the fourth quarter. Handelsbanken Fonder AB now owns 50,376 shares of the industrial products company’s stock worth $8,207,000 after acquiring an additional 503 shares during the period. CWM LLC boosted its holdings in shares of Packaging Co. of America by 46.8% during the fourth quarter. CWM LLC now owns 2,652 shares of the industrial products company’s stock worth $432,000 after acquiring an additional 845 shares during the period. Finally, abrdn plc boosted its holdings in shares of Packaging Co. of America by 121.9% during the fourth quarter. abrdn plc now owns 48,732 shares of the industrial products company’s stock worth $7,939,000 after acquiring an additional 26,774 shares during the period. Institutional investors own 89.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. StockNews.com cut Packaging Co. of America from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Truist Financial boosted their price objective on Packaging Co. of America from $170.00 to $187.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. Seaport Res Ptn cut Packaging Co. of America from a “buy” rating to a “neutral” rating in a research note on Monday, January 29th. Bank of America upgraded Packaging Co. of America from a “neutral” rating to a “buy” rating and boosted their price target for the company from $172.00 to $202.00 in a research note on Monday, March 4th. Finally, Wells Fargo & Company upgraded Packaging Co. of America from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $187.00 to $191.00 in a research note on Wednesday. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $173.57.

Packaging Co. of America Stock Down 1.5 %

Shares of PKG opened at $171.25 on Friday. Packaging Co. of America has a one year low of $122.20 and a one year high of $191.27. The company has a market cap of $15.37 billion, a P/E ratio of 21.41, a P/E/G ratio of 4.22 and a beta of 0.78. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.57 and a quick ratio of 1.77. The firm has a 50 day simple moving average of $181.73 and a two-hundred day simple moving average of $168.06.

Packaging Co. of America (NYSE:PKG) last announced its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.63 by $0.09. Packaging Co. of America had a net margin of 9.25% and a return on equity of 18.94%. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the business earned $2.20 earnings per share. The company’s revenue was up .2% on a year-over-year basis. Research analysts forecast that Packaging Co. of America will post 8.24 EPS for the current fiscal year.

Packaging Co. of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $5.00 annualized dividend and a yield of 2.92%. Packaging Co. of America’s dividend payout ratio is currently 62.50%.

Insider Buying and Selling at Packaging Co. of America

In other news, CFO Robert P. Mundy sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $182.51, for a total transaction of $1,825,100.00. Following the completion of the transaction, the chief financial officer now directly owns 46,454 shares in the company, valued at $8,478,319.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Robert P. Mundy sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $182.51, for a total transaction of $1,825,100.00. Following the completion of the transaction, the chief financial officer now directly owns 46,454 shares in the company, valued at $8,478,319.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas A. Hassfurther sold 14,191 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $173.80, for a total transaction of $2,466,395.80. Following the transaction, the vice president now owns 183,930 shares of the company’s stock, valued at $31,967,034. The disclosure for this sale can be found here. Insiders sold a total of 38,041 shares of company stock worth $6,799,177 over the last three months. Corporate insiders own 1.60% 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 three segments: Packaging, Paper, and Corporate and Other. 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.