Coyle Financial Counsel LLC increased its stake in shares of Packaging Corp. of America (NYSE:PKG) by 1.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,480 shares of the company’s stock after buying an additional 415 shares during the period. Packaging Corp. of America accounts for about 2.2% of Coyle Financial Counsel LLC’s investment portfolio, making the stock its 16th largest position. Coyle Financial Counsel LLC’s holdings in Packaging Corp. of America were worth $1,505,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Ropes Wealth Advisors LLC boosted its position in shares of Packaging Corp. of America by 1,338.0% in the first quarter. Ropes Wealth Advisors LLC now owns 2,042 shares of the company’s stock valued at $123,000 after buying an additional 1,900 shares during the last quarter. Barnett & Company Inc. bought a new position in shares of Packaging Corp. of America during the first quarter valued at about $131,000. IFP Advisors Inc boosted its position in shares of Packaging Corp. of America by 10.6% in the first quarter. IFP Advisors Inc now owns 2,741 shares of the company’s stock valued at $166,000 after buying an additional 263 shares during the last quarter. Bank of Stockton bought a new position in shares of Packaging Corp. of America during the second quarter valued at about $202,000. Finally, CIBC World Markets Inc. boosted its position in shares of Packaging Corp. of America by 11.9% in the second quarter. CIBC World Markets Inc. now owns 4,623 shares of the company’s stock valued at $309,000 after buying an additional 492 shares during the last quarter. Institutional investors and hedge funds own 86.96% of the company’s stock.

Packaging Corp. of America (NYSE:PKG) traded up 0.42% on Monday, reaching $80.40. The company’s stock had a trading volume of 543,013 shares. Packaging Corp. of America has a 52 week low of $44.32 and a 52 week high of $82.06. The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of 17.08 and a beta of 1.71. The firm’s 50 day moving average price is $77.71 and its 200-day moving average price is $68.23.

Packaging Corp. of America (NYSE:PKG) last posted its earnings results on Thursday, July 21st. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.18 by $0.07. Packaging Corp. of America had a return on equity of 27.74% and a net margin of 7.95%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the firm earned $1.18 EPS. The firm’s revenue was down 2.5% compared to the same quarter last year. On average, equities analysts predict that Packaging Corp. of America will post $4.80 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.63 per share. The ex-dividend date is Tuesday, September 13th. This is a boost from Packaging Corp. of America’s previous quarterly dividend of $0.55. This represents a $2.52 annualized dividend and a dividend yield of 3.13%. Packaging Corp. of America’s dividend payout ratio (DPR) is 53.62%.

PKG has been the subject of several recent research reports. BMO Capital Markets reiterated a “buy” rating on shares of Packaging Corp. of America in a research note on Thursday, July 7th. Deutsche Bank AG lifted their price objective on Packaging Corp. of America from $71.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, July 7th. Jefferies Group reiterated a “buy” rating on shares of Packaging Corp. of America in a research note on Thursday, July 7th. Zacks Investment Research upgraded Packaging Corp. of America from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Tuesday, June 14th. Finally, Argus reiterated a “buy” rating and issued a $84.00 price objective (up previously from $79.00) on shares of Packaging Corp. of America in a research note on Friday, September 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $77.50.

In other news, SVP Kent A. Pflederer sold 1,100 shares of Packaging Corp. of America stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $74.30, for a total transaction of $81,730.00. Following the transaction, the senior vice president now directly owns 34,623 shares in the company, valued at approximately $2,572,488.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

About Packaging Corp. of America

Packaging Corporation of America (PCA) is a producer of containerboard and corrugated packaging products, and uncoated free sheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Company operates over eight mills and approximately 90 corrugated products manufacturing plants.

5 Day Chart for NYSE:PKG

Want to see what other hedge funds are holding PKG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Packaging Corp. of America (NYSE:PKG).

Receive News & Ratings for Packaging Corp. of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Packaging Corp. of America and related companies with Analyst Ratings Network's FREE daily email newsletter.