5,000 Shares in Packaging Co. of America (NYSE:PKG) Acquired by Locust Wood Capital Advisers LLC

Locust Wood Capital Advisers LLC acquired a new position in shares of Packaging Co. of America (NYSE:PKG) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,000 shares of the industrial products company’s stock, valued at approximately $1,126,000.

Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Packaging Co. of America during the 4th quarter worth $258,928,000. Raymond James Financial Inc. acquired a new stake in Packaging Co. of America during the fourth quarter worth about $50,175,000. Conning Inc. acquired a new stake in Packaging Co. of America during the fourth quarter worth about $32,329,000. Vanguard Group Inc. increased its stake in shares of Packaging Co. of America by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 11,423,715 shares of the industrial products company’s stock valued at $2,571,821,000 after purchasing an additional 133,575 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Packaging Co. of America by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,069,949 shares of the industrial products company’s stock valued at $691,138,000 after acquiring an additional 132,836 shares during the period. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Packaging Co. of America Stock Performance

NYSE PKG opened at $189.48 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.95 and a quick ratio of 1.98. The firm has a market capitalization of $17.04 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 2.41 and a beta of 0.84. The company’s fifty day moving average is $201.72 and its two-hundred day moving average is $220.45. Packaging Co. of America has a 52-week low of $169.00 and a 52-week high of $250.82.

Packaging Co. of America (NYSE:PKG) last posted its quarterly earnings results on Tuesday, January 28th. The industrial products company reported $2.47 earnings per share (EPS) 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%. Equities research analysts forecast that Packaging Co. of America will post 10.44 EPS for the current year.

Packaging Co. of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, March 14th. This represents a $5.00 annualized dividend and a dividend yield of 2.64%. Packaging Co. of America’s dividend payout ratio (DPR) is currently 55.99%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PKG. StockNews.com cut shares of Packaging Co. of America from a “buy” rating to a “hold” rating in a report on Sunday. Seaport Res Ptn upgraded shares of Packaging Co. of America from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 13th. Truist Financial reiterated a “buy” rating and issued a $265.00 target price (down previously from $282.00) on shares of Packaging Co. of America in a report on Thursday, January 30th. Jefferies Financial Group upgraded shares of Packaging Co. of America from a “hold” rating to a “buy” rating and lifted their target price for the stock from $215.00 to $280.00 in a report on Wednesday, December 18th. Finally, Citigroup lifted 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 report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Packaging Co. of America currently has an average rating of “Moderate Buy” and a consensus price target of $228.50.

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.