Schroder Investment Management Group Decreases Stock Holdings in Packaging Co. of America (NYSE:PKG)

Schroder Investment Management Group lessened its stake in Packaging Co. of America (NYSE:PKG) by 28.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 89,539 shares of the industrial products company’s stock after selling 36,004 shares during the quarter. Schroder Investment Management Group owned approximately 0.10% of Packaging Co. of America worth $20,143,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC increased its stake in shares of Packaging Co. of America by 17.0% during the third quarter. Sanctuary Advisors LLC now owns 20,270 shares of the industrial products company’s stock worth $4,366,000 after purchasing an additional 2,946 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in Packaging Co. of America during the 4th quarter worth approximately $293,000. AlphaQuest LLC increased its stake in Packaging Co. of America by 25.3% during the 4th quarter. AlphaQuest LLC now owns 9,683 shares of the industrial products company’s stock worth $2,180,000 after buying an additional 1,954 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Packaging Co. of America during the fourth quarter valued at approximately $6,966,000. Finally, Sciencast Management LP purchased a new position in shares of Packaging Co. of America in the fourth quarter valued at approximately $2,853,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. StockNews.com raised Packaging Co. of America from a “hold” rating to a “buy” rating in a research note on Saturday, March 29th. Jefferies Financial Group upgraded shares of Packaging Co. of America from a “hold” rating to a “buy” rating and increased their target price for the company from $215.00 to $280.00 in a research report on Wednesday, December 18th. Truist Financial restated a “buy” rating and set a $265.00 price target (down from $282.00) on shares of Packaging Co. of America in a research report on Thursday, January 30th. Wells Fargo & Company cut their price objective on shares of Packaging Co. of America from $253.00 to $236.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Finally, Citigroup raised their target price on shares of Packaging Co. of America from $232.00 to $235.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $233.00.

Packaging Co. of America Stock Performance

NYSE:PKG opened at $201.46 on Thursday. The company’s 50-day moving average is $208.05 and its two-hundred day moving average is $221.99. The firm has a market capitalization of $18.09 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 2.41 and a beta of 0.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.95 and a quick ratio of 1.98. Packaging Co. of America has a 1-year low of $169.00 and a 1-year high of $250.82.

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 the consensus estimate of $2.51 by ($0.04). Packaging Co. of America had a return on equity of 19.67% and a net margin of 9.60%. Analysts forecast that Packaging Co. of America will post 10.44 EPS for the current year.

Packaging Co. of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Friday, March 14th. Packaging Co. of America’s dividend payout ratio (DPR) is presently 55.99%.

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.