Alaska Permanent Fund Corp Acquires 395 Shares of Packaging Co. of America (NYSE:PKG)

Alaska Permanent Fund Corp lifted its holdings in Packaging Co. of America (NYSE:PKG) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,359 shares of the industrial products company’s stock after buying an additional 395 shares during the quarter. Alaska Permanent Fund Corp owned about 0.06% of Packaging Co. of America worth $8,041,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PKG. Boston Partners acquired a new stake in Packaging Co. of America in the third quarter worth about $123,821,000. Northern Trust Corp increased its position in Packaging Co. of America by 12.8% in the third quarter. Northern Trust Corp now owns 1,154,823 shares of the industrial products company’s stock worth $177,323,000 after purchasing an additional 131,058 shares during the period. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Packaging Co. of America during the 4th quarter worth about $16,338,000. Atlas FRM LLC grew its position in shares of Packaging Co. of America by 17.9% during the 3rd quarter. Atlas FRM LLC now owns 460,000 shares of the industrial products company’s stock worth $70,633,000 after buying an additional 70,000 shares during the period. Finally, ING Groep NV grew its position in shares of Packaging Co. of America by 465.0% during the 3rd quarter. ING Groep NV now owns 72,588 shares of the industrial products company’s stock worth $11,146,000 after buying an additional 59,741 shares during the period. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Packaging Co. of America Stock Performance

Shares of PKG stock traded down $1.45 during trading on Thursday, reaching $172.47. 9,199 shares of the company’s stock were exchanged, compared to its average volume of 692,425. The company has a quick ratio of 1.77, a current ratio of 2.57 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $15.48 billion, a PE ratio of 21.74, a PEG ratio of 4.15 and a beta of 0.78. Packaging Co. of America has a twelve month low of $122.20 and a twelve month high of $191.27. The firm’s fifty day moving average price is $181.56 and its 200-day moving average price is $168.02.

Packaging Co. of America (NYSE:PKG) last issued its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.09. Packaging Co. of America had a return on equity of 18.94% and a net margin of 9.25%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the firm posted $2.20 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Packaging Co. of America will post 8.24 EPS for the current year.

Packaging Co. of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date was Thursday, March 14th. Packaging Co. of America’s dividend payout ratio is 62.50%.

Insider Buying and Selling at Packaging Co. of America

In other news, CFO Robert P. Mundy sold 10,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $182.51, for a total transaction of $1,825,100.00. Following the sale, the chief financial officer now directly owns 46,454 shares of the company’s stock, valued at approximately $8,478,319.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Robert P. Mundy sold 10,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $182.51, for a total transaction of $1,825,100.00. Following the sale, the chief financial officer now directly owns 46,454 shares of the company’s stock, valued at approximately $8,478,319.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Thomas A. Hassfurther sold 13,850 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $181.06, for a total value of $2,507,681.00. Following the sale, the vice president now directly owns 187,647 shares in the company, valued at $33,975,365.82. The disclosure for this sale can be found here. Insiders have sold a total of 38,041 shares of company stock valued at $6,799,177 in the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. BNP Paribas lowered Packaging Co. of America from an “outperform” rating to a “neutral” rating and set a $182.00 target price for the company. in a research report on Friday, April 12th. Seaport Res Ptn lowered Packaging Co. of America from a “buy” rating to a “neutral” rating in a research report on Monday, January 29th. Citigroup boosted their target price on Packaging Co. of America from $172.00 to $183.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Bank of America upgraded Packaging Co. of America from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $172.00 to $202.00 in a research report 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 objective for the company from $187.00 to $191.00 in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $173.86.

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.