Advisor Partners LLC boosted its position in shares of Packaging Corp Of America (NYSE:PKG) by 36.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,258 shares of the industrial products company’s stock after purchasing an additional 1,137 shares during the quarter. Advisor Partners LLC’s holdings in Packaging Corp Of America were worth $355,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bach Investment Advisors Ltd acquired a new position in Packaging Corp Of America during the fourth quarter valued at approximately $646,000. Midas Management Corp acquired a new position in Packaging Corp Of America during the third quarter valued at approximately $2,084,000. Macquarie Group Ltd. grew its holdings in Packaging Corp Of America by 32.2% during the third quarter. Macquarie Group Ltd. now owns 15,600 shares of the industrial products company’s stock valued at $1,712,000 after purchasing an additional 3,800 shares during the period. Aurora Investment Counsel acquired a new position in Packaging Corp Of America during the third quarter valued at approximately $1,539,000. Finally, Vident Investment Advisory LLC acquired a new position in Packaging Corp Of America during the third quarter valued at approximately $262,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

A number of research analysts recently issued reports on PKG shares. Zacks Investment Research upgraded shares of Packaging Corp Of America from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Monday, December 31st. Seaport Global Securities started coverage on shares of Packaging Corp Of America in a report on Tuesday, October 23rd. They set a “buy” rating and a $112.00 price objective for the company. Argus decreased their price objective on shares of Packaging Corp Of America from $130.00 to $105.00 and set a “buy” rating for the company in a report on Friday, October 26th. Barclays decreased their price objective on shares of Packaging Corp Of America from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, October 29th. Finally, KeyCorp reiterated a “hold” rating on shares of Packaging Corp Of America in a report on Thursday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Packaging Corp Of America presently has a consensus rating of “Hold” and an average price target of $101.00.

Packaging Corp Of America stock opened at $95.18 on Monday. The company has a market capitalization of $8.99 billion, a PE ratio of 11.85, a P/E/G ratio of 1.34 and a beta of 1.85. Packaging Corp Of America has a twelve month low of $77.90 and a twelve month high of $124.70. The company has a quick ratio of 1.74, a current ratio of 2.76 and a debt-to-equity ratio of 0.99.

Packaging Corp Of America (NYSE:PKG) last released its quarterly earnings results on Tuesday, January 29th. The industrial products company reported $2.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.15 by $0.02. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Packaging Corp Of America had a net margin of 10.52% and a return on equity of 31.72%. As a group, equities research analysts predict that Packaging Corp Of America will post 8.54 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Monday, December 17th were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Friday, December 14th. Packaging Corp Of America’s dividend payout ratio (DPR) is presently 39.35%.

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Packaging Corp Of America Profile

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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