Rowlandmiller & PARTNERS.ADV Cuts Position in Packaging Co. of America (NYSE:PKG)

Rowlandmiller & PARTNERS.ADV decreased its holdings in Packaging Co. of America (NYSE:PKG) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,263 shares of the industrial products company’s stock after selling 133 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Packaging Co. of America were worth $3,211,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Y Intercept Hong Kong Ltd acquired a new stake in Packaging Co. of America in the fourth quarter valued at $2,524,000. First Horizon Advisors Inc. grew its holdings in Packaging Co. of America by 354.5% in the fourth quarter. First Horizon Advisors Inc. now owns 550 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 429 shares during the last quarter. Sigma Planning Corp grew its holdings in Packaging Co. of America by 2.3% in the fourth quarter. Sigma Planning Corp now owns 2,568 shares of the industrial products company’s stock valued at $578,000 after purchasing an additional 58 shares during the last quarter. Paradigm Asset Management Co. LLC acquired a new stake in Packaging Co. of America in the fourth quarter valued at $135,000. Finally, Centricity Wealth Management LLC acquired a new stake in Packaging Co. of America in the fourth quarter valued at $44,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Packaging Co. of America Stock Down 0.7 %

PKG opened at $208.19 on Monday. The business’s fifty day simple moving average is $224.09 and its 200 day simple moving average is $222.20. The company has a quick ratio of 1.98, a current ratio of 2.95 and a debt-to-equity ratio of 0.58. Packaging Co. of America has a 52 week low of $169.00 and a 52 week high of $250.82. The firm has a market cap of $18.70 billion, a P/E ratio of 23.31, a PEG ratio of 2.41 and a beta of 0.77.

Packaging Co. of America (NYSE:PKG) last issued its quarterly earnings results on Tuesday, January 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. As a group, equities research analysts anticipate that Packaging Co. of America will post 10.44 EPS for the current fiscal year.

Packaging Co. of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 20th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Friday, December 20th. Packaging Co. of America’s payout ratio is 55.99%.

Insiders Place Their Bets

In other Packaging Co. of America news, SVP Joseph Vaughn sold 2,300 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $244.89, for a total value of $563,247.00. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Jefferies Financial Group raised Packaging Co. of America from a “hold” rating to a “buy” rating and upped their target price for the company from $215.00 to $280.00 in a report on Wednesday, December 18th. 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. StockNews.com lowered Packaging Co. of America from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. 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 research note on Monday, January 6th. Finally, Seaport Res Ptn raised Packaging Co. of America from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $233.00.

Packaging Co. of America Company 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.