2,283 Shares in Packaging Co. of America (NYSE:PKG) Bought by Gallacher Capital Management LLC

Gallacher Capital Management LLC bought a new position in Packaging Co. of America (NYSE:PKG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,283 shares of the industrial products company’s stock, valued at approximately $372,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Packaging Co. of America during the third quarter valued at $25,000. First Horizon Advisors Inc. lifted its holdings in shares of Packaging Co. of America by 60.5% during the fourth quarter. First Horizon Advisors Inc. now owns 183 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 69 shares during the period. Anchor Investment Management LLC bought a new position in shares of Packaging Co. of America during the fourth quarter valued at $37,000. Fortis Group Advisors LLC bought a new position in shares of Packaging Co. of America during the third quarter valued at $46,000. Finally, BKM Wealth Management LLC bought a new position in shares of Packaging Co. of America during the fourth quarter valued at $49,000. 89.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PKG has been the subject of a number of research reports. Seaport Res Ptn lowered Packaging Co. of America from a “buy” rating to a “neutral” rating in a research note on Monday, January 29th. StockNews.com cut Packaging Co. of America from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Wells Fargo & Company upgraded Packaging Co. of America from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $187.00 to $191.00 in a report on Wednesday, April 24th. BNP Paribas cut Packaging Co. of America from an “outperform” rating to a “neutral” rating and set a $182.00 price objective on the stock. in a report on Friday, April 12th. Finally, Citigroup cut their price objective on 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. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $173.57.

Packaging Co. of America Stock Performance

NYSE PKG traded down $0.12 on Monday, reaching $176.15. The stock had a trading volume of 670,028 shares, compared to its average volume of 685,870. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.57 and a quick ratio of 1.77. The firm has a fifty day moving average of $182.28 and a two-hundred day moving average of $169.21. Packaging Co. of America has a 1-year low of $122.20 and a 1-year high of $191.27. The company has a market cap of $15.81 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 4.29 and a beta of 0.80.

Packaging Co. of America (NYSE:PKG) last released its earnings results on Tuesday, April 23rd. The industrial products company reported $1.72 earnings per share 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 18.94% and a net margin of 9.25%. The company’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.20 EPS. On average, equities research analysts anticipate that Packaging Co. of America will post 8.21 EPS for the current year.

Packaging Co. of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 15th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.84%. The ex-dividend date was Thursday, March 14th. Packaging Co. of America’s dividend payout ratio (DPR) is presently 62.50%.

Insider Activity at Packaging Co. of America

In related news, VP Thomas A. Hassfurther sold 14,191 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $173.80, for a total value of $2,466,395.80. Following the sale, the vice president now directly owns 183,930 shares of the company’s stock, valued at $31,967,034. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Thomas A. Hassfurther sold 14,191 shares of Packaging Co. of America stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $173.80, for a total transaction of $2,466,395.80. Following the sale, the vice president now directly owns 183,930 shares of the company’s stock, valued at $31,967,034. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert P. Mundy sold 10,000 shares of Packaging Co. of America stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $182.51, for a total value of $1,825,100.00. Following the sale, the chief financial officer now directly owns 46,454 shares in the company, valued at $8,478,319.54. The disclosure for this sale can be found here. Insiders have sold 38,041 shares of company stock valued at $6,799,177 over the last ninety days. 1.70% of the stock is owned by corporate insiders.

About Packaging Co. of America

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.