Packaging Corporation of America (NYSE:PKG) SVP Thomas W.H. Walton sold 6,027 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now owns 32,690 shares in the company, valued at $3,796,943.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Packaging Corporation of America (NYSE PKG) opened at $115.74 on Friday. 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 company has a market cap of $10,920.18, a PE ratio of 20.31, a price-to-earnings-growth ratio of 2.32 and a beta of 1.82.

Packaging Corporation of America (NYSE:PKG) last issued its quarterly 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 firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.64 billion. Packaging Corporation of America had a net margin of 8.18% and a return on equity of 29.38%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.30 earnings per share. sell-side analysts predict that Packaging Corporation of America will post 5.98 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 15th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Thursday, September 14th. Packaging Corporation of America’s payout ratio is currently 46.67%.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Southeast Asset Advisors Inc. boosted its stake in Packaging Corporation of America by 0.3% during the 2nd 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 in the last quarter. Van ECK Associates Corp boosted its stake in shares of Packaging Corporation of America by 1.5% during the 2nd quarter. Van ECK Associates Corp now owns 2,302 shares of the industrial products company’s stock worth $256,000 after acquiring an additional 34 shares in the last quarter. Advisor Partners LLC boosted its stake in shares of Packaging Corporation of America by 1.2% during the 2nd quarter. Advisor Partners LLC now owns 3,170 shares of the industrial products company’s stock worth $353,000 after acquiring an additional 39 shares in the last quarter. Somerset Trust Co boosted its stake in shares of Packaging Corporation of America by 0.4% during the 2nd quarter. Somerset Trust Co now owns 12,154 shares of the industrial products company’s stock worth $1,353,000 after acquiring an additional 51 shares in the last quarter. Finally, Ropes Wealth Advisors LLC boosted its stake in shares of Packaging Corporation of America by 1.8% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 3,969 shares of the industrial products company’s stock worth $442,000 after acquiring an additional 69 shares in the last quarter. 88.42% of the stock is owned by hedge funds and other institutional investors.

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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