Rehmann Capital Advisory Group Buys Shares of 890 Packaging Co. of America (NYSE:PKG)

Rehmann Capital Advisory Group purchased a new position in Packaging Co. of America (NYSE:PKG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 890 shares of the industrial products company’s stock, valued at approximately $200,000.

Other institutional investors also recently modified their holdings of the company. SYM FINANCIAL Corp lifted its holdings in Packaging Co. of America by 3.1% in the fourth quarter. SYM FINANCIAL Corp now owns 1,405 shares of the industrial products company’s stock valued at $316,000 after buying an additional 42 shares during the period. Mather Group LLC. lifted its stake in shares of Packaging Co. of America by 1.7% in the 4th quarter. Mather Group LLC. now owns 2,586 shares of the industrial products company’s stock valued at $582,000 after purchasing an additional 43 shares during the period. UMB Bank n.a. boosted its position in shares of Packaging Co. of America by 3.9% during the 4th quarter. UMB Bank n.a. now owns 1,165 shares of the industrial products company’s stock valued at $262,000 after purchasing an additional 44 shares in the last quarter. AlphaMark Advisors LLC grew its stake in Packaging Co. of America by 3.9% during the fourth quarter. AlphaMark Advisors LLC now owns 1,384 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 52 shares during the period. Finally, Atomi Financial Group Inc. increased its holdings in Packaging Co. of America by 3.3% in the fourth quarter. Atomi Financial Group Inc. now owns 1,643 shares of the industrial products company’s stock worth $370,000 after purchasing an additional 52 shares in the last quarter. 89.78% of the stock is owned by institutional investors.

Packaging Co. of America Stock Up 2.2 %

Shares of NYSE PKG opened at $187.33 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.95 and a quick ratio of 1.98. The company has a 50-day moving average price of $193.56 and a 200-day moving average price of $216.98. The stock has a market capitalization of $16.85 billion, a P/E ratio of 20.98, a P/E/G ratio of 2.41 and a beta of 0.85. Packaging Co. of America has a 1 year low of $172.72 and a 1 year high of $250.82.

Packaging Co. of America (NYSE:PKG) last released its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.10. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.12 billion. Packaging Co. of America had a return on equity of 19.67% and a net margin of 9.60%. On average, equities research analysts forecast that Packaging Co. of America will post 10.44 EPS for the current fiscal year.

Packaging Co. of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Friday, March 14th. Packaging Co. of America’s payout ratio is currently 52.30%.

Analyst Ratings Changes

A number of research firms have issued reports on PKG. Seaport Res Ptn upgraded Packaging Co. of America from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 13th. Truist Financial reduced their price target on shares of Packaging Co. of America from $265.00 to $238.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Citigroup lifted their price target on shares of Packaging Co. of America from $232.00 to $235.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. StockNews.com cut shares of Packaging Co. of America from a “buy” rating to a “hold” rating in a research report on Sunday, April 6th. Finally, Wells Fargo & Company decreased their target price on Packaging Co. of America from $209.00 to $205.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Packaging Co. of America presently has an average rating of “Moderate Buy” and an average target price of $231.60.

Packaging Co. of America Profile

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.