First Foundation Advisors Sells 171 Shares of Packaging Co. of America (NYSE:PKG)

First Foundation Advisors trimmed its holdings in shares of Packaging Co. of America (NYSE:PKG) by 11.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,277 shares of the industrial products company’s stock after selling 171 shares during the quarter. First Foundation Advisors’ holdings in Packaging Co. of America were worth $287,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. SYM FINANCIAL Corp boosted its stake in shares of Packaging Co. of America by 3.1% in the fourth quarter. SYM FINANCIAL Corp now owns 1,405 shares of the industrial products company’s stock valued at $316,000 after buying an additional 42 shares during the period. Mather Group LLC. lifted its position in shares of Packaging Co. of America by 1.7% during the 4th quarter. Mather Group LLC. now owns 2,586 shares of the industrial products company’s stock valued at $582,000 after acquiring an additional 43 shares during the period. UMB Bank n.a. grew its holdings in shares of Packaging Co. of America by 3.9% during the 4th quarter. UMB Bank n.a. now owns 1,165 shares of the industrial products company’s stock worth $262,000 after purchasing an additional 44 shares in the last quarter. AlphaMark Advisors LLC grew its holdings in shares of Packaging Co. of America by 3.9% during the 4th quarter. AlphaMark Advisors LLC now owns 1,384 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 52 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its position in shares of Packaging Co. of America by 3.3% in the fourth quarter. Atomi Financial Group Inc. now owns 1,643 shares of the industrial products company’s stock worth $370,000 after purchasing an additional 52 shares during the period. Institutional investors own 89.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Truist Financial reissued a “buy” rating and issued a $265.00 target price (down from $282.00) on shares of Packaging Co. of America in a report on Thursday, January 30th. Wells Fargo & Company lowered their price objective on shares of Packaging Co. of America from $236.00 to $209.00 and set an “overweight” rating for the company in a research report on Tuesday. Seaport Res Ptn raised Packaging Co. of America from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 13th. Citigroup boosted their price target on Packaging Co. of America from $232.00 to $235.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Finally, StockNews.com lowered Packaging Co. of America from a “buy” rating to a “hold” rating in a research note on Sunday, April 6th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $228.50.

Packaging Co. of America Trading Up 1.9 %

Shares of PKG stock opened at $188.95 on Friday. The company has a quick ratio of 1.98, a current ratio of 2.95 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $16.99 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.41 and a beta of 0.84. Packaging Co. of America has a twelve month low of $169.00 and a twelve month high of $250.82. The stock’s fifty day simple moving average is $200.77 and its 200 day simple moving average is $220.07.

Packaging Co. of America (NYSE:PKG) last released its quarterly earnings data 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 net margin of 9.60% and a return on equity of 19.67%. As a group, sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be paid a $1.25 dividend. The ex-dividend date is Friday, March 14th. This represents a $5.00 annualized dividend and a dividend yield of 2.65%. Packaging Co. of America’s dividend payout ratio is 55.99%.

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.