Manning & Napier Advisors LLC raised its holdings in shares of Packaging Corporation of America (NYSE:PKG) by 4.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,854 shares of the industrial products company’s stock after buying an additional 531 shares during the period. Manning & Napier Advisors LLC’s holdings in Packaging Corporation of America were worth $1,359,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Toronto Dominion Bank boosted 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 worth $129,000 after buying an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Packaging Corporation of America by 84.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,451 shares of the industrial products company’s stock worth $161,000 after buying an additional 665 shares in the last quarter. Creative Planning boosted its holdings in Packaging Corporation of America by 7.9% during the second quarter. Creative Planning now owns 1,686 shares of the industrial products company’s stock worth $188,000 after buying an additional 123 shares in the last quarter. Perpetual Ltd bought a new stake in Packaging Corporation of America during the second quarter worth approximately $201,000. Finally, CAPROCK Group Inc. bought a new stake in Packaging Corporation of America during the second quarter worth approximately $211,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

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A number of brokerages recently weighed in on PKG. Barclays PLC raised their target price on shares of Packaging Corporation of America from $108.00 to $110.00 and gave the stock an “equal weight” rating in a report on Monday, October 30th. Zacks Investment Research cut shares of Packaging Corporation of America from a “buy” rating to a “hold” rating in a report on Monday, October 30th. KeyCorp restated a “hold” rating on shares of Packaging Corporation of America in a report on Sunday, October 29th. Stephens began coverage on shares of Packaging Corporation of America in a report on Tuesday, October 24th. They set an “overweight” rating and a $130.00 target price for the company. Finally, Deutsche Bank AG restated a “hold” rating and set a $120.00 target price (up from $94.00) on shares of Packaging Corporation of America in a report on Monday, October 9th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Packaging Corporation of America presently has a consensus rating of “Hold” and a consensus price target of $117.36.

In related news, SVP Thomas W.H. Walton sold 6,027 shares of Packaging Corporation of America stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $116.15, for a total value of $700,036.05. Following the transaction, the senior vice president now owns 32,690 shares in the company, valued at approximately $3,796,943.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jason Wayne Moreau bought 1,326,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were acquired at an average price of $0.06 per share, for a total transaction of $79,560.00. Insiders sold a total of 43,177 shares of company stock worth $2,129,972 in the last quarter. Insiders own 1.20% of the company’s stock.

Packaging Corporation of America (NYSE PKG) traded up $0.97 during trading on Tuesday, reaching $112.74. 72,872 shares of the company were exchanged, compared to its average volume of 899,181. Packaging Corporation of America has a 1 year low of $84.01 and a 1 year high of $120.75. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 1.30. The firm has a market cap of $10,610.00, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 2.25 and a beta of 1.82.

Packaging Corporation of America (NYSE:PKG) last issued its earnings results on Wednesday, October 25th. The industrial products company reported $1.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.01). The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.64 billion. Packaging Corporation of America had a net margin of 8.18% and a return on equity of 29.38%. The company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the business earned $1.30 EPS. equities analysts expect that Packaging Corporation of America will post 5.99 earnings per share for the current year.

About Packaging Corporation of America

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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