V Square Quantitative Management LLC Has $221,000 Holdings in Packaging Co. of America (NYSE:PKG)

V Square Quantitative Management LLC decreased its stake in shares of Packaging Co. of America (NYSE:PKG) by 15.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,357 shares of the industrial products company’s stock after selling 240 shares during the quarter. V Square Quantitative Management LLC’s holdings in Packaging Co. of America were worth $221,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of PKG. First Horizon Advisors Inc. grew its holdings in Packaging Co. of America by 60.5% in the fourth quarter. First Horizon Advisors Inc. now owns 183 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 69 shares during the period. Gables Capital Management Inc. acquired a new stake in shares of Packaging Co. of America in the 4th quarter valued at about $31,000. Anchor Investment Management LLC bought a new stake in Packaging Co. of America in the 4th quarter valued at about $37,000. Fortis Group Advisors LLC acquired a new position in Packaging Co. of America during the 3rd quarter worth approximately $46,000. Finally, BKM Wealth Management LLC bought a new position in Packaging Co. of America in the fourth quarter worth approximately $49,000. Institutional investors own 89.78% of the company’s stock.

Insider Buying and Selling at Packaging Co. of America

In other news, Director Karen E. Gowland acquired 300 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were acquired at an average cost of $182.06 per share, for a total transaction of $54,618.00. Following the purchase, the director now owns 916 shares of the company’s stock, valued at approximately $166,766.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company raised Packaging Co. of America from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $187.00 to $191.00 in a research report on Wednesday, April 24th. Citigroup lowered their price objective on shares of Packaging Co. of America from $183.00 to $181.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. StockNews.com upgraded shares of Packaging Co. of America from a “hold” rating to a “buy” rating in a report on Tuesday, May 21st. BNP Paribas lowered shares of Packaging Co. of America from an “outperform” rating to a “neutral” rating and set a $182.00 target price on the stock. in a report on Friday, April 12th. Finally, Bank of America raised their price target on shares of Packaging Co. of America from $197.00 to $200.00 and gave the company a “buy” rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $176.29.

Packaging Co. of America Price Performance

Shares of NYSE PKG opened at $185.04 on Tuesday. The company has a market capitalization of $16.62 billion, a PE ratio of 23.13, a PEG ratio of 7.81 and a beta of 0.78. The company has a quick ratio of 1.74, a current ratio of 2.46 and a debt-to-equity ratio of 0.62. The stock’s 50 day moving average price is $180.69 and its 200-day moving average price is $175.11. Packaging Co. of America has a twelve month low of $127.69 and a twelve month high of $191.27.

Packaging Co. of America (NYSE:PKG) last announced its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.09. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.91 billion. Packaging Co. of America had a return on equity of 18.80% and a net margin of 9.25%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.20 EPS. On average, equities analysts anticipate that Packaging Co. of America will post 8.27 EPS for the current year.

Packaging Co. of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 14th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Friday, June 14th. Packaging Co. of America’s dividend payout ratio is currently 62.50%.

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.