Kera Capital Partners Inc. Invests $210,000 in Packaging Co. of America (NYSE:PKG)

Kera Capital Partners Inc. acquired a new stake in shares of Packaging Co. of America (NYSE:PKG) during the fourth quarter, Holdings Channel.com reports. The fund acquired 934 shares of the industrial products company’s stock, valued at approximately $210,000.

Several other large investors have also recently added to or reduced their stakes in PKG. Vanguard Personalized Indexing Management LLC increased its stake in shares of Packaging Co. of America by 14.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,379 shares of the industrial products company’s stock worth $1,161,000 after acquiring an additional 828 shares during the last quarter. Intech Investment Management LLC increased its position in Packaging Co. of America by 430.8% in the 2nd quarter. Intech Investment Management LLC now owns 12,814 shares of the industrial products company’s stock worth $2,339,000 after purchasing an additional 10,400 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Packaging Co. of America by 15.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 25,905 shares of the industrial products company’s stock worth $4,730,000 after purchasing an additional 3,552 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Packaging Co. of America during the 2nd quarter valued at about $1,296,000. Finally, AE Wealth Management LLC grew its stake in shares of Packaging Co. of America by 28.6% in the 2nd quarter. AE Wealth Management LLC now owns 3,751 shares of the industrial products company’s stock valued at $685,000 after buying an additional 835 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Insider Transactions at Packaging Co. of America

In related news, SVP Donald R. Shirley sold 8,000 shares of Packaging Co. of America stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $240.20, for a total transaction of $1,921,600.00. Following the sale, the senior vice president now directly owns 15,725 shares of the company’s stock, valued at $3,777,145. This trade represents a 33.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joseph Vaughn sold 2,300 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $244.89, for a total value of $563,247.00. Following the completion of the transaction, the senior vice president now directly owns 9,197 shares of the company’s stock, valued at approximately $2,252,253.33. This trade represents a 20.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,300 shares of company stock worth $8,064,152. 1.70% of the stock is currently owned by company insiders.

Packaging Co. of America Trading Up 0.9 %

Packaging Co. of America stock opened at $237.52 on Monday. Packaging Co. of America has a 52 week low of $159.57 and a 52 week high of $250.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.98 and a current ratio of 2.95. The firm has a market capitalization of $21.33 billion, a PE ratio of 27.68, a PEG ratio of 2.24 and a beta of 0.79. The business’s 50-day simple moving average is $235.69 and its 200-day simple moving average is $217.15.

Packaging Co. of America (NYSE:PKG) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.50 by $0.15. Packaging Co. of America had a return on equity of 19.10% and a net margin of 9.46%. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the business posted $2.05 EPS. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. Equities research analysts forecast that Packaging Co. of America will post 9.08 earnings per share for the current year.

Packaging Co. of America Announces Dividend

The business 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. The ex-dividend date was Friday, December 20th. This represents a $5.00 annualized dividend and a yield of 2.11%. Packaging Co. of America’s dividend payout ratio is 58.28%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PKG shares. Truist Financial raised their price objective on shares of Packaging Co. of America from $252.00 to $282.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Wells Fargo & Company lifted their price objective on shares of Packaging Co. of America from $235.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. StockNews.com raised shares of Packaging Co. of America from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Jefferies Financial Group raised Packaging Co. of America from a “hold” rating to a “buy” rating and boosted their price target for the stock from $215.00 to $280.00 in a research report on Wednesday, December 18th. Finally, Citigroup increased their price objective on Packaging Co. of America from $232.00 to $235.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $238.67.

About Packaging Co. of America

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.