Sei Investments Co. raised its stake in shares of Packaging Corporation of America (NYSE:PKG) by 20.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,253 shares of the industrial products company’s stock after buying an additional 13,715 shares during the period. Sei Investments Co.’s holdings in Packaging Corporation of America were worth $8,939,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PKG. 1st Global Advisors Inc. acquired a new stake in shares of Packaging Corporation of America during the first quarter valued at approximately $1,130,000. Capital Innovations LLC raised its position in shares of Packaging Corporation of America by 1.8% in the first quarter. Capital Innovations LLC now owns 3,479 shares of the industrial products company’s stock valued at $319,000 after buying an additional 60 shares during the last quarter. Camelot Portfolios LLC purchased a new position in shares of Packaging Corporation of America during the first quarter valued at about $289,000. HL Financial Services LLC raised its position in shares of Packaging Corporation of America by 0.5% in the first quarter. HL Financial Services LLC now owns 39,563 shares of the industrial products company’s stock valued at $3,625,000 after buying an additional 216 shares during the last quarter. Finally, Carnick & Kubik Group LLC purchased a new position in shares of Packaging Corporation of America during the first quarter valued at about $771,000. Institutional investors own 88.25% of the company’s stock.

Packaging Corporation of America (NYSE PKG) opened at 107.52 on Friday. Packaging Corporation of America has a 12-month low of $74.95 and a 12-month high of $114.31. The company has a market cap of $10.07 billion, a price-to-earnings ratio of 20.72 and a beta of 1.86. The stock has a 50 day moving average price of $110.57 and a 200-day moving average price of $100.12.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the previous year, the firm posted $1.25 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, analysts predict that Packaging Corporation of America will post $6.00 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 15th were given a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.34%. Packaging Corporation of America’s dividend payout ratio is currently 48.56%.

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Several research analysts have issued reports on PKG shares. Jefferies Group LLC reiterated a “buy” rating and issued a $128.00 price target (up previously from $114.00) on shares of Packaging Corporation of America in a report on Friday, July 14th. KeyCorp started coverage on Packaging Corporation of America in a report on Thursday, July 6th. They issued a “sector weight” rating on the stock. Citigroup Inc. increased their price target on Packaging Corporation of America from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Friday, April 14th. BidaskClub lowered Packaging Corporation of America from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Wells Fargo & Company lowered Packaging Corporation of America from an “outperform” rating to a “market perform” rating in a report on Monday, July 10th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Packaging Corporation of America presently has a consensus rating of “Buy” and an average price target of $102.73.

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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