Packaging Co. of America (NYSE:PKG) Stake Boosted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its stake in Packaging Co. of America (NYSE:PKG) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,704 shares of the industrial products company’s stock after buying an additional 514 shares during the period. Asset Management One Co. Ltd.’s holdings in Packaging Co. of America were worth $9,016,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PKG. Exchange Traded Concepts LLC acquired a new stake in Packaging Co. of America in the third quarter worth $78,000. Creative Planning increased its holdings in shares of Packaging Co. of America by 3.3% during the third quarter. Creative Planning now owns 16,842 shares of the industrial products company’s stock valued at $3,628,000 after purchasing an additional 534 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Packaging Co. of America by 1.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,852 shares of the industrial products company’s stock valued at $1,907,000 after purchasing an additional 148 shares during the period. V Square Quantitative Management LLC increased its holdings in shares of Packaging Co. of America by 16.5% during the third quarter. V Square Quantitative Management LLC now owns 1,361 shares of the industrial products company’s stock valued at $293,000 after purchasing an additional 193 shares during the period. Finally, Aaron Wealth Advisors LLC acquired a new position in shares of Packaging Co. of America during the third quarter valued at $205,000. 89.78% of the stock is owned by institutional investors and hedge funds.

Packaging Co. of America Stock Up 0.2 %

Shares of PKG stock opened at $212.54 on Tuesday. The stock’s 50 day simple moving average is $226.33 and its 200 day simple moving average is $221.75. 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 has a twelve month low of $165.20 and a twelve month high of $250.82. The company has a market capitalization of $19.09 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 2.40 and a beta of 0.77.

Packaging Co. of America (NYSE:PKG) last issued its quarterly earnings data on Tuesday, January 28th. The industrial products company reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.04). Packaging Co. of America had a net margin of 9.60% and a return on equity of 19.67%. As a group, research analysts predict that Packaging Co. of America will post 10.6 EPS for the current year.

Packaging Co. of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Friday, December 20th. Packaging Co. of America’s dividend payout ratio is currently 55.99%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PKG shares. Wells Fargo & Company lowered their target price on Packaging Co. of America from $253.00 to $236.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Truist Financial restated a “buy” rating and set a $265.00 price objective (down from $282.00) on shares of Packaging Co. of America in a research report on Thursday, January 30th. Citigroup raised their price objective 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. StockNews.com lowered Packaging Co. of America from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Finally, Seaport Res Ptn upgraded Packaging Co. of America from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Packaging Co. of America currently has a consensus rating of “Moderate Buy” and a consensus price target of $233.00.

Insiders Place Their Bets

In other Packaging Co. of America news, SVP Joseph Vaughn sold 2,300 shares of Packaging Co. of America stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $244.89, for a total value of $563,247.00. Following the transaction, the senior vice president now directly owns 9,197 shares of the company’s stock, valued at $2,252,253.33. The trade was a 20.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul T. Stecko sold 10,500 shares of Packaging Co. of America stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $244.91, for a total value of $2,571,555.00. Following the completion of the transaction, the director now directly owns 8,881 shares in the company, valued at approximately $2,175,045.71. This represents a 54.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

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.