Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Packaging Corporation of America (NYSE:PKG) by 18.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,471 shares of the industrial products company’s stock after buying an additional 4,415 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Packaging Corporation of America were worth $3,171,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its stake in shares of Packaging Corporation of America by 6.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 271,348 shares of the industrial products company’s stock valued at $30,225,000 after buying an additional 16,563 shares during the period. GHP Investment Advisors Inc. increased its stake in shares of Packaging Corporation of America by 3.7% in the second quarter. GHP Investment Advisors Inc. now owns 37,108 shares of the industrial products company’s stock valued at $4,133,000 after buying an additional 1,329 shares during the period. Usca Ria LLC acquired a new stake in shares of Packaging Corporation of America during the second quarter valued at about $4,188,000. Iridian Asset Management LLC CT increased its stake in shares of Packaging Corporation of America by 7.8% in the second quarter. Iridian Asset Management LLC CT now owns 1,485,982 shares of the industrial products company’s stock valued at $165,524,000 after buying an additional 107,257 shares during the period. Finally, Syntal Capital Partners LLC acquired a new stake in shares of Packaging Corporation of America during the second quarter valued at about $237,000. 88.59% of the stock is currently owned by hedge funds and other institutional investors.

Packaging Corporation of America (NYSE PKG) opened at 111.14 on Thursday. The firm’s 50-day moving average price is $110.10 and its 200 day moving average price is $101.28. The stock has a market cap of $10.41 billion, a PE ratio of 21.41 and a beta of 1.86. Packaging Corporation of America has a 12-month low of $77.73 and a 12-month high of $114.31.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.05. Packaging Corporation of America had a return on equity of 27.78% and a net margin of 8.05%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the firm posted $1.25 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. Analysts anticipate that Packaging Corporation of America will post $6.02 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 15th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $2.52 annualized dividend and a dividend yield of 2.27%. Packaging Corporation of America’s dividend payout ratio is currently 48.56%.

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Several analysts recently issued reports on PKG shares. BMO Capital Markets reissued a “buy” rating and set a $104.00 target price on shares of Packaging Corporation of America in a research note on Friday, June 2nd. ValuEngine raised Packaging Corporation of America from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub downgraded Packaging Corporation of America from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. KeyCorp started coverage on Packaging Corporation of America in a research note on Thursday, July 6th. They set a “sector weight” rating on the stock. Finally, Wells Fargo & Company downgraded Packaging Corporation of America from an “outperform” rating to a “market perform” rating in a research note on Monday, July 10th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Packaging Corporation of America has a consensus rating of “Buy” and an average price target of $104.83.

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.

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

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