Packaging Corp Of America (NYSE:PKG) Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Packaging Corp Of America (NYSE:PKG) by 56.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,312 shares of the industrial products company’s stock after acquiring an additional 11,235 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Packaging Corp Of America were worth $3,322,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parallel Advisors LLC boosted its position in Packaging Corp Of America by 774.2% during the second quarter. Parallel Advisors LLC now owns 271 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 240 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Packaging Corp Of America during the second quarter worth about $35,000. Motco boosted its position in Packaging Corp Of America by 126.3% during the second quarter. Motco now owns 405 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 226 shares during the last quarter. First Mercantile Trust Co. acquired a new position in Packaging Corp Of America during the second quarter worth about $40,000. Finally, Horan Capital Advisors LLC. acquired a new position in Packaging Corp Of America during the third quarter worth about $44,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Shares of PKG stock opened at $112.36 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.28 and a quick ratio of 2.18. The firm’s 50-day moving average is $107.07 and its two-hundred day moving average is $100.35. Packaging Corp Of America has a 12 month low of $77.90 and a 12 month high of $113.68. The company has a market capitalization of $10.61 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 2.92 and a beta of 1.69.

Packaging Corp Of America (NYSE:PKG) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.02. Packaging Corp Of America had a net margin of 10.94% and a return on equity of 26.92%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the firm earned $2.23 earnings per share. Packaging Corp Of America’s quarterly revenue was down 3.3% compared to the same quarter last year. Sell-side analysts forecast that Packaging Corp Of America will post 7.67 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Thursday, September 12th. Packaging Corp Of America’s dividend payout ratio (DPR) is presently 39.35%.

A number of research firms recently weighed in on PKG. Argus set a $118.00 price target on shares of Packaging Corp Of America and gave the stock a “buy” rating in a research report on Friday, October 25th. Citigroup boosted their price target on shares of Packaging Corp Of America from $101.00 to $108.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Bank of America lifted their target price on shares of Packaging Corp Of America from $108.00 to $112.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. ValuEngine downgraded shares of Packaging Corp Of America from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. Finally, Wells Fargo & Co lifted their target price on shares of Packaging Corp Of America from $100.00 to $102.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $105.45.

About Packaging Corp Of America

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company's Packaging segment offers various 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.

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Institutional Ownership by Quarter for Packaging Corp Of America (NYSE:PKG)

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