NewSquare Capital LLC Has $8.32 Million Position in Packaging Co. of America (NYSE:PKG)

NewSquare Capital LLC raised its position in Packaging Co. of America (NYSE:PKG) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,755 shares of the industrial products company’s stock after purchasing an additional 429 shares during the period. NewSquare Capital LLC owned approximately 0.06% of Packaging Co. of America worth $8,318,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in Packaging Co. of America by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,186,729 shares of the industrial products company’s stock valued at $335,772,000 after acquiring an additional 11,536 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Packaging Co. of America by 4.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,337,507 shares of the industrial products company’s stock valued at $205,389,000 after purchasing an additional 58,444 shares during the last quarter. Northern Trust Corp boosted its position in Packaging Co. of America by 12.8% during the 3rd quarter. Northern Trust Corp now owns 1,154,823 shares of the industrial products company’s stock worth $177,323,000 after buying an additional 131,058 shares during the period. Boston Partners acquired a new position in shares of Packaging Co. of America in the 3rd quarter worth approximately $123,821,000. Finally, Atlas FRM LLC lifted its position in shares of Packaging Co. of America by 17.9% in the 3rd quarter. Atlas FRM LLC now owns 460,000 shares of the industrial products company’s stock worth $70,633,000 after purchasing an additional 70,000 shares during the period. Institutional investors own 89.78% of the company’s stock.

Insider Buying and Selling at Packaging Co. of America

In other Packaging Co. of America news, VP Thomas A. Hassfurther sold 14,191 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $173.80, for a total transaction of $2,466,395.80. Following the transaction, the vice president now directly owns 183,930 shares in the company, valued at $31,967,034. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Robert P. Mundy sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $182.51, for a total value of $1,825,100.00. Following the transaction, the chief financial officer now owns 46,454 shares in the company, valued at $8,478,319.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas A. Hassfurther sold 14,191 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $173.80, for a total value of $2,466,395.80. Following the completion of the sale, the vice president now directly owns 183,930 shares of the company’s stock, valued at approximately $31,967,034. The disclosure for this sale can be found here. Insiders have sold 38,041 shares of company stock worth $6,799,177 over the last ninety days. Insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PKG shares. Bank of America upgraded shares of Packaging Co. of America from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $172.00 to $202.00 in a research report on Monday, March 4th. BNP Paribas downgraded shares of Packaging Co. of America from an “outperform” rating to a “neutral” rating and set a $182.00 target price on the stock. in a research report on Friday, April 12th. StockNews.com downgraded shares of Packaging Co. of America from a “buy” rating to a “hold” rating in a research report on Friday. Citigroup boosted their target price on shares of Packaging Co. of America from $172.00 to $183.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Finally, Seaport Res Ptn downgraded shares of Packaging Co. of America from a “buy” rating to a “neutral” rating in a research report on Monday, January 29th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Packaging Co. of America currently has an average rating of “Hold” and an average target price of $171.29.

Packaging Co. of America Price Performance

Shares of PKG stock traded down $8.41 during trading on Tuesday, hitting $170.88. The company had a trading volume of 1,435,498 shares, compared to its average volume of 698,924. The company has a quick ratio of 1.77, a current ratio of 2.57 and a debt-to-equity ratio of 0.62. The stock’s 50-day moving average is $181.56 and its two-hundred day moving average is $168.02. The stock has a market capitalization of $15.34 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 4.33 and a beta of 0.78. Packaging Co. of America has a 52 week low of $122.20 and a 52 week high of $191.27.

Packaging Co. of America (NYSE:PKG) last issued its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.09. Packaging Co. of America had a net margin of 9.81% and a return on equity of 20.25%. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the business earned $2.20 earnings per share. The business’s quarterly revenue was up .2% on a year-over-year basis. As a group, analysts predict that Packaging Co. of America will post 8.31 EPS for the current fiscal year.

Packaging Co. of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Thursday, March 14th. Packaging Co. of America’s payout ratio is currently 58.96%.

Packaging Co. of America Company Profile

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers various containerboard and 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, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.