Parkwood LLC grew its stake in shares of Packaging Corporation of America (NYSE:PKG) by 41.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,826 shares of the industrial products company’s stock after purchasing an additional 3,478 shares during the quarter. Parkwood LLC’s holdings in Packaging Corporation of America were worth $1,356,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Southeast Asset Advisors Inc. grew its holdings in shares of Packaging Corporation of America by 0.3% during the second quarter. Southeast Asset Advisors Inc. now owns 4,560 shares of the industrial products company’s stock valued at $508,000 after purchasing an additional 12 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Packaging Corporation of America by 1.5% during the second quarter. Van ECK Associates Corp now owns 2,302 shares of the industrial products company’s stock worth $256,000 after buying an additional 34 shares during the period. Advisor Partners LLC boosted its position in shares of Packaging Corporation of America by 1.2% during the second quarter. Advisor Partners LLC now owns 3,170 shares of the industrial products company’s stock worth $353,000 after buying an additional 39 shares during the period. Somerset Trust Co boosted its position in shares of Packaging Corporation of America by 0.4% during the second quarter. Somerset Trust Co now owns 12,154 shares of the industrial products company’s stock worth $1,353,000 after buying an additional 51 shares during the period. Finally, Ropes Wealth Advisors LLC boosted its position in shares of Packaging Corporation of America by 1.8% during the second quarter. Ropes Wealth Advisors LLC now owns 3,969 shares of the industrial products company’s stock worth $442,000 after buying an additional 69 shares during the period. 88.34% of the stock is owned by institutional investors.

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PKG has been the subject of several analyst reports. Wells Fargo & Company downgraded Packaging Corporation of America from an “outperform” rating to a “market perform” rating in a research report on Monday, July 10th. Zacks Investment Research upgraded Packaging Corporation of America from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) upgraded Packaging Corporation of America from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $105.00 to $111.00 in a research report on Thursday, July 13th. Jefferies Group LLC reiterated a “buy” rating and set a $128.00 price objective (up from $114.00) on shares of Packaging Corporation of America in a research report on Friday, July 14th. Finally, BidaskClub downgraded Packaging Corporation of America from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $117.36.

Packaging Corporation of America (NYSE:PKG) traded down $3.85 on Monday, reaching $111.89. The company’s stock had a trading volume of 537,835 shares, compared to its average volume of 687,125. The stock has a market capitalization of $10,920.13, a price-to-earnings ratio of 20.31, a P/E/G ratio of 2.32 and a beta of 1.82. The company has a quick ratio of 1.49, a current ratio of 2.45 and a debt-to-equity ratio of 1.30.

Packaging Corporation of America (NYSE:PKG) last released its earnings results on Wednesday, October 25th. The industrial products company reported $1.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.01). The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.64 billion. Packaging Corporation of America had a return on equity of 29.38% and a net margin of 8.18%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the company earned $1.30 earnings per share. analysts forecast that Packaging Corporation of America will post 5.98 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 15th were given a $0.63 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $2.52 dividend on an annualized basis and a yield of 2.25%. Packaging Corporation of America’s dividend payout ratio (DPR) is 46.67%.

In other Packaging Corporation of America news, VP Thomas A. Hassfurther sold 6,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $117.94, for a total value of $707,640.00. Following the transaction, the vice president now owns 155,071 shares of the company’s stock, valued at $18,289,073.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Thomas W.H. Walton sold 6,027 shares of the company’s 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 completion of the transaction, the senior vice president now directly owns 32,690 shares in the company, valued at approximately $3,796,943.50. The disclosure for this sale can be found here. Insiders sold 18,177 shares of company stock valued at $2,127,472 over the last 90 days. 1.20% of the stock is currently owned by insiders.

Packaging Corporation of America 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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