Gateway Investment Advisers LLC decreased its holdings in shares of Packaging Corp Of America (NYSE:PKG) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,789 shares of the industrial products company’s stock after selling 893 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Packaging Corp Of America were worth $3,350,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of PKG. Toronto Dominion Bank increased its stake in Packaging Corp Of America by 12.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,158 shares of the industrial products company’s stock worth $129,000 after buying an additional 128 shares during the period. Advantage Investment Management LLC purchased a new stake in Packaging Corp Of America during the 3rd quarter worth $137,000. Perpetual Ltd purchased a new stake in Packaging Corp Of America during the 2nd quarter worth $201,000. Simmons Bank purchased a new stake in Packaging Corp Of America during the 2nd quarter worth $211,000. Finally, National Asset Management Inc. purchased a new stake in Packaging Corp Of America during the 2nd quarter worth $214,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Shares of Packaging Corp Of America (PKG) opened at $127.25 on Tuesday. The firm has a market cap of $12,010.00, a PE ratio of 23.56, a PEG ratio of 2.28 and a beta of 1.81. Packaging Corp Of America has a 1 year low of $86.41 and a 1 year high of $130.19. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.45 and a quick ratio of 1.49.

Packaging Corp Of America (NYSE:PKG) last released its earnings results on Wednesday, October 25th. The industrial products company reported $1.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.69 by ($0.01). The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.64 billion. Packaging Corp Of America had a return on equity of 29.38% and a net margin of 8.18%. Packaging Corp Of America’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.30 EPS. equities research analysts forecast that Packaging Corp Of America will post 5.99 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Tuesday, December 26th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Friday, December 22nd. Packaging Corp Of America’s payout ratio is currently 46.67%.

In other news, SVP Thomas W.H. Walton sold 6,027 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,796,943.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Charles J. Carter sold 6,150 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $117.04, for a total transaction of $719,796.00. Following the completion of the sale, the senior vice president now directly owns 24,265 shares of the company’s stock, valued at approximately $2,839,975.60. The disclosure for this sale can be found here. Insiders sold a total of 67,177 shares of company stock valued at $1,427,532 in the last three months. Insiders own 1.20% of the company’s stock.

PKG has been the topic of several analyst reports. Deutsche Bank reaffirmed a “hold” rating and set a $120.00 price target (up previously from $94.00) on shares of Packaging Corp Of America in a research note on Monday, October 9th. Zacks Investment Research raised shares of Packaging Corp Of America from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research note on Thursday, October 12th. KeyCorp reaffirmed a “hold” rating on shares of Packaging Corp Of America in a research note on Thursday, October 12th. Stephens initiated coverage on shares of Packaging Corp Of America in a research note on Tuesday, October 24th. They set an “overweight” rating and a $130.00 price target on the stock. Finally, Barclays lifted their price target on shares of Packaging Corp Of America from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday, October 30th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $118.92.

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Packaging Corp 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 Corp Of America (NYSE:PKG)

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