Victory Capital Management Inc. boosted its position in Packaging Corporation of America (NYSE:PKG) by 10.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,411 shares of the industrial products company’s stock after acquiring an additional 1,671 shares during the period. Victory Capital Management Inc.’s holdings in Packaging Corporation of America were worth $2,111,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PKG. Toronto Dominion Bank boosted its holdings in Packaging Corporation of America by 12.4% in the second quarter. Toronto Dominion Bank now owns 1,158 shares of the industrial products company’s stock worth $129,000 after acquiring an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Packaging Corporation of America by 84.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,451 shares of the industrial products company’s stock worth $161,000 after acquiring an additional 665 shares in the last quarter. Creative Planning boosted its holdings in Packaging Corporation of America by 7.9% in the second quarter. Creative Planning now owns 1,686 shares of the industrial products company’s stock worth $188,000 after acquiring an additional 123 shares in the last quarter. Perpetual Ltd bought a new position in Packaging Corporation of America in the second quarter worth approximately $201,000. Finally, CAPROCK Group Inc. bought a new position in Packaging Corporation of America in the second quarter worth approximately $211,000. Institutional investors and hedge funds own 88.02% of the company’s stock.

In related news, SVP Thomas W.H. Walton sold 6,027 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $116.15, for a total transaction of $700,036.05. Following the completion of the sale, the senior vice president now directly owns 32,690 shares of the company’s stock, valued at $3,796,943.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Charles J. Carter sold 6,150 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $117.04, for a total value of $719,796.00. Following the sale, the senior vice president now directly owns 24,265 shares of the company’s stock, valued at $2,839,975.60. The disclosure for this sale can be found here. Insiders have sold 43,177 shares of company stock valued at $2,129,972 over the last ninety days. 1.20% of the stock is currently owned by company insiders.

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Shares of Packaging Corporation of America (PKG) opened at $112.47 on Friday. The company has a market capitalization of $10,611.54, a P/E ratio of 19.73, a PEG ratio of 2.25 and a beta of 1.82. Packaging Corporation of America has a 52 week low of $84.01 and a 52 week high of $120.75. 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 issued its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.68 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.01). The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the company earned $1.30 earnings per share. equities research analysts predict that Packaging Corporation of America will post 5.99 EPS for the current year.

Several research analysts have issued reports on the company. Stephens assumed coverage on Packaging Corporation of America in a report on Tuesday, October 24th. They issued an “overweight” rating and a $130.00 price target on the stock. Barclays PLC increased their price target on Packaging Corporation of America from $108.00 to $110.00 and gave the stock an “equal weight” rating in a report on Monday, October 30th. Zacks Investment Research lowered Packaging Corporation of America from a “buy” rating to a “hold” rating in a report on Monday, October 30th. KeyCorp reiterated a “hold” rating on shares of Packaging Corporation of America in a report on Sunday, October 29th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $120.00 price target (up previously from $94.00) on shares of Packaging Corporation of America in a report on Monday, October 9th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $117.36.

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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