Resources Management Corp CT ADV lowered its stake in shares of Packaging Corp Of America (NYSE:PKG) by 4.9% during the fourth quarter, Holdings Channel reports. The fund owned 13,700 shares of the industrial products company’s stock after selling 700 shares during the quarter. Resources Management Corp CT ADV’s holdings in Packaging Corp Of America were worth $1,143,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. CSat Investment Advisory L.P. boosted its stake in Packaging Corp Of America by 73.8% in the 4th quarter. CSat Investment Advisory L.P. now owns 299 shares of the industrial products company’s stock worth $25,000 after buying an additional 127 shares during the last quarter. Truewealth LLC acquired a new stake in Packaging Corp Of America in the 4th quarter worth about $33,000. Capital Investment Advisory Services LLC acquired a new stake in Packaging Corp Of America in the 4th quarter worth about $41,000. Oppenheimer Asset Management Inc. acquired a new stake in Packaging Corp Of America in the 4th quarter worth about $47,000. Finally, Financial Architects Inc boosted its stake in Packaging Corp Of America by 27.4% in the 4th quarter. Financial Architects Inc now owns 628 shares of the industrial products company’s stock worth $52,000 after buying an additional 135 shares during the last quarter. 86.85% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have issued reports on the company. Citigroup decreased their price target on Packaging Corp Of America from $98.00 to $88.00 and set a “neutral” rating on the stock in a research note on Monday, January 7th. Zacks Investment Research raised Packaging Corp Of America from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research note on Monday, December 31st. ValuEngine raised Packaging Corp Of America from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Finally, Wells Fargo & Co lowered Packaging Corp Of America from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $110.00 to $93.00 in a research note on Wednesday, January 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $101.00.

Shares of NYSE PKG traded up $0.59 during midday trading on Thursday, hitting $99.16. The stock had a trading volume of 132,671 shares, compared to its average volume of 981,006. The firm has a market capitalization of $9.26 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.39 and a beta of 1.80. Packaging Corp Of America has a 1-year low of $77.90 and a 1-year high of $124.70. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.05 and a quick ratio of 1.90.

Packaging Corp Of America (NYSE:PKG) last released its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.02. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.77 billion. Packaging Corp Of America had a return on equity of 30.83% and a net margin of 10.52%. On average, equities research analysts expect that Packaging Corp Of America will post 8.45 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 15th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Thursday, March 14th. Packaging Corp Of America’s dividend payout ratio is currently 39.35%.

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About Packaging Corp Of America

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company's Packaging segment offers various corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products.

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Institutional Ownership by Quarter for Packaging Corp Of America (NYSE:PKG)

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