Siemens Fonds Invest GmbH Has $1.03 Million Stock Holdings in Packaging Co. of America (NYSE:PKG)

Siemens Fonds Invest GmbH raised its holdings in Packaging Co. of America (NYSE:PKG) by 155.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,566 shares of the industrial products company’s stock after acquiring an additional 2,778 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Packaging Co. of America were worth $1,028,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Centricity Wealth Management LLC acquired a new stake in Packaging Co. of America in the fourth quarter valued at approximately $44,000. Lazard Asset Management LLC lifted its stake in Packaging Co. of America by 1,033.3% in the fourth quarter. Lazard Asset Management LLC now owns 204 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 186 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in Packaging Co. of America in the fourth quarter valued at approximately $48,000. Rialto Wealth Management LLC acquired a new stake in Packaging Co. of America in the fourth quarter valued at approximately $63,000. Finally, Intact Investment Management Inc. acquired a new stake in Packaging Co. of America in the fourth quarter valued at approximately $68,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Wells Fargo & Company reiterated an “equal weight” rating and issued a $180.00 target price (down from $205.00) on shares of Packaging Co. of America in a research note on Friday, May 9th. Truist Financial reduced their price objective on shares of Packaging Co. of America from $265.00 to $238.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. StockNews.com cut shares of Packaging Co. of America from a “buy” rating to a “hold” rating in a research note on Sunday, April 6th. Finally, Seaport Res Ptn upgraded shares of Packaging Co. of America from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Packaging Co. of America has an average rating of “Moderate Buy” and an average target price of $226.60.

Packaging Co. of America Price Performance

Shares of Packaging Co. of America stock opened at $194.33 on Friday. The firm has a fifty day simple moving average of $189.59 and a 200-day simple moving average of $214.45. The company has a current ratio of 2.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.58. Packaging Co. of America has a 1-year low of $172.72 and a 1-year high of $250.82. The stock has a market capitalization of $17.49 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 2.41 and a beta of 0.85.

Packaging Co. of America (NYSE:PKG) last announced its earnings results on Tuesday, April 22nd. The industrial products company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.10. Packaging Co. of America had a net margin of 9.60% and a return on equity of 19.67%. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.12 billion. On average, sell-side analysts expect that Packaging Co. of America will post 10.44 earnings per share for the current year.

Packaging Co. of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Friday, June 13th. Packaging Co. of America’s dividend payout ratio (DPR) is currently 52.30%.

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.