First National Trust Co. cut its stake in Packaging Corporation of America (NYSE:PKG) by 19.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,458 shares of the industrial products company’s stock after selling 1,046 shares during the quarter. First National Trust Co.’s holdings in Packaging Corporation of America were worth $511,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of PKG. Toronto Dominion Bank grew its holdings in Packaging Corporation of America by 12.4% during the second quarter. Toronto Dominion Bank now owns 1,158 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Packaging Corporation of America by 84.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,451 shares of the industrial products company’s stock worth $161,000 after acquiring an additional 665 shares during the period. Creative Planning boosted its holdings in shares of Packaging Corporation of America by 7.9% in the second quarter. Creative Planning now owns 1,686 shares of the industrial products company’s stock worth $188,000 after acquiring an additional 123 shares during the period. Atria Investments LLC bought a new position in shares of Packaging Corporation of America in the second quarter worth $200,000. Finally, Perpetual Ltd bought a new position in shares of Packaging Corporation of America in the second quarter worth $201,000. 88.02% of the stock is owned by hedge funds and other institutional investors.

In other Packaging Corporation of America news, SVP Charles J. Carter sold 6,150 shares of Packaging Corporation of America stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $117.04, for a total transaction of $719,796.00. Following the sale, the senior vice president now directly owns 24,265 shares of the company’s stock, valued at approximately $2,839,975.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jason Wayne Moreau acquired 1,326,000 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were purchased at an average cost of $0.06 per share, for a total transaction of $79,560.00. Over the last ninety days, insiders have sold 43,177 shares of company stock worth $2,129,972. Insiders own 1.20% of the company’s stock.

Packaging Corporation of America (NYSE PKG) traded up $0.35 during trading on Wednesday, reaching $112.71. The company’s stock had a trading volume of 456,700 shares, compared to its average volume of 904,560. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.49 and a current ratio of 2.45. The company has a market cap of $10,601.22, a PE ratio of 19.71, a price-to-earnings-growth ratio of 2.25 and a beta of 1.82. Packaging Corporation of America has a fifty-two week low of $84.01 and a fifty-two week high of $120.75.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.69 by ($0.01). The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.64 billion. Packaging Corporation of America had a net margin of 8.18% and a return on equity of 29.38%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.30 earnings per share. equities analysts forecast that Packaging Corporation of America will post 5.99 EPS for the current year.

Several equities research analysts recently issued reports on PKG shares. BidaskClub lowered Packaging Corporation of America from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. BMO Capital Markets reissued a “buy” rating and set a $118.00 price objective on shares of Packaging Corporation of America in a research note on Friday, August 4th. Jefferies Group LLC reissued a “buy” rating and set a $128.00 price objective on shares of Packaging Corporation of America in a research note on Friday, August 18th. Vertical Research reissued a “buy” rating and set a $124.00 price objective (up previously from $118.00) on shares of Packaging Corporation of America in a research note on Wednesday, August 23rd. Finally, Deutsche Bank AG reissued a “hold” rating and set a $120.00 price objective (up previously from $94.00) on shares of Packaging Corporation of America in a research note on Monday, October 9th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Packaging Corporation of America has a consensus rating of “Hold” and a consensus target price of $117.36.

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Packaging Corporation of America Company Profile

Packaging Corporation of America (PCA) is a producer of containerboard products and uncoated freesheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment produces a range of corrugated packaging products. The Paper segment manufactures and sells a range of papers, including communication-based papers and pressure sensitive papers.

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Institutional Ownership by Quarter for Packaging Corporation of America (NYSE:PKG)

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