Packaging Co. of America (NYSE:PKG) Shares Purchased by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH boosted its stake in Packaging Co. of America (NYSE:PKG) by 155.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,566 shares of the industrial products company’s stock after purchasing 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 reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Packaging Co. of America by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 11,423,715 shares of the industrial products company’s stock valued at $2,571,821,000 after acquiring an additional 133,575 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Packaging Co. of America by 4.5% in the 4th 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. Geode Capital Management LLC lifted its holdings in Packaging Co. of America by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 2,366,723 shares of the industrial products company’s stock valued at $531,540,000 after purchasing an additional 29,427 shares in the last quarter. Invesco Ltd. lifted its holdings in Packaging Co. of America by 0.8% in the 4th quarter. Invesco Ltd. now owns 1,853,092 shares of the industrial products company’s stock valued at $417,187,000 after purchasing an additional 14,775 shares in the last quarter. Finally, Boston Partners lifted its holdings in Packaging Co. of America by 7.0% in the 4th quarter. Boston Partners now owns 1,565,351 shares of the industrial products company’s stock valued at $352,305,000 after purchasing an additional 101,755 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wells Fargo & Company restated an “equal weight” rating and issued a $180.00 price objective (down previously from $205.00) on shares of Packaging Co. of America in a report on Friday, May 9th. Wall Street Zen lowered Packaging Co. of America from a “buy” rating to a “hold” rating in a report on Sunday, April 6th. Truist Financial decreased their price objective on Packaging Co. of America from $265.00 to $238.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, Seaport Res Ptn upgraded Packaging Co. of America from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $226.60.

Packaging Co. of America Stock Down 0.7%

NYSE PKG opened at $192.41 on Thursday. Packaging Co. of America has a 52 week low of $172.72 and a 52 week high of $250.82. 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 business’s fifty day simple moving average is $188.93 and its 200-day simple moving average is $212.15. The firm has a market cap of $17.31 billion, a PE ratio of 21.55, a P/E/G ratio of 2.41 and a beta of 0.85.

Packaging Co. of America (NYSE:PKG) last posted its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.21 by $0.10. Packaging Co. of America had a return on equity of 19.67% and a net margin of 9.60%. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.12 billion. As a group, equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 13th will be issued a dividend of $1.25 per share. The ex-dividend date is Friday, June 13th. This represents a $5.00 annualized dividend and a dividend yield of 2.60%. Packaging Co. of America’s dividend payout ratio is presently 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.