Packaging Co. of America (NYSE:PKG) Stock Position Reduced by BDF Gestion

BDF Gestion lessened its position in shares of Packaging Co. of America (NYSE:PKG) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,785 shares of the industrial products company’s stock after selling 1,402 shares during the period. BDF Gestion’s holdings in Packaging Co. of America were worth $2,428,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. UMB Bank n.a. lifted its holdings in Packaging Co. of America by 3.9% during the 4th quarter. UMB Bank n.a. now owns 1,165 shares of the industrial products company’s stock worth $262,000 after buying an additional 44 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in Packaging Co. of America by 15.2% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 371 shares of the industrial products company’s stock worth $80,000 after buying an additional 49 shares during the last quarter. AlphaMark Advisors LLC lifted its holdings in Packaging Co. of America by 3.9% during the 4th 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 during the last quarter. Atomi Financial Group Inc. lifted its holdings in Packaging Co. of America by 3.3% during the 4th 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 during the last quarter. Finally, Huntington National Bank raised its position in shares of Packaging Co. of America by 0.5% during the 3rd quarter. Huntington National Bank now owns 10,075 shares of the industrial products company’s stock worth $2,170,000 after purchasing an additional 55 shares during the period. Institutional investors own 89.78% of the company’s stock.

Packaging Co. of America Stock Down 9.7 %

Shares of PKG stock opened at $215.17 on Thursday. Packaging Co. of America has a 1 year low of $159.57 and a 1 year high of $250.82. The stock has a market cap of $19.32 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 2.36 and a beta of 0.79. The business’s fifty day moving average is $235.31 and its 200-day moving average is $220.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.98 and a current ratio of 2.95.

Packaging Co. of America (NYSE:PKG) last issued its quarterly earnings results on Tuesday, January 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.04). Packaging Co. of America had a net margin of 9.46% and a return on equity of 19.10%. Equities analysts expect that Packaging Co. of America will post 9.08 earnings per share for the current fiscal year.

Packaging Co. of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 20th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Friday, December 20th. Packaging Co. of America’s dividend payout ratio is presently 58.28%.

Insider Transactions at Packaging Co. of America

In other news, SVP Joseph Vaughn sold 2,300 shares of Packaging Co. of America stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $244.89, for a total transaction of $563,247.00. Following the transaction, the senior vice president now owns 9,197 shares in the company, valued at approximately $2,252,253.33. The trade was a 20.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert P. Mundy sold 12,500 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $240.62, for a total value of $3,007,750.00. Following the completion of the transaction, the chief financial officer now owns 43,954 shares in the company, valued at $10,576,211.48. This trade represents a 22.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,300 shares of company stock valued at $8,064,152 in the last three months. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

PKG has been the topic of a number of research reports. StockNews.com cut Packaging Co. of America from a “buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Financial Group upgraded Packaging Co. of America from a “hold” rating to a “buy” rating and increased their price target for the stock from $215.00 to $280.00 in a research report on Wednesday, December 18th. Truist Financial increased their price target on Packaging Co. of America from $252.00 to $282.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Wells Fargo & Company increased their price target on Packaging Co. of America from $235.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, Citigroup increased their price target on Packaging Co. of America from $232.00 to $235.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $238.67.

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.