Rowland & Co. Investment Counsel ADV boosted its holdings in shares of Packaging Corp Of America (NYSE:PKG) by 186.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,621 shares of the industrial products company’s stock after buying an additional 6,263 shares during the quarter. Rowland & Co. Investment Counsel ADV’s holdings in Packaging Corp Of America were worth $956,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bach Investment Advisors Ltd acquired a new stake in shares of Packaging Corp Of America during the 4th quarter worth approximately $646,000. Macquarie Group Ltd. grew its stake in shares of Packaging Corp Of America by 32.2% during the 3rd quarter. Macquarie Group Ltd. now owns 15,600 shares of the industrial products company’s stock worth $1,712,000 after purchasing an additional 3,800 shares during the period. Norges Bank acquired a new stake in shares of Packaging Corp Of America during the 4th quarter worth approximately $81,767,000. Vident Investment Advisory LLC acquired a new stake in shares of Packaging Corp Of America during the 3rd quarter worth approximately $262,000. Finally, Perella Weinberg Partners Capital Management LP acquired a new stake in shares of Packaging Corp Of America during the 4th quarter worth approximately $2,607,000. 86.88% of the stock is owned by institutional investors.

Packaging Corp Of America stock traded up $0.67 during trading on Wednesday, reaching $101.50. The company had a trading volume of 18,179 shares, compared to its average volume of 911,426. Packaging Corp Of America has a 1-year low of $77.90 and a 1-year high of $124.70. The stock has a market capitalization of $9.66 billion, a P/E ratio of 12.65, a P/E/G ratio of 1.46 and a beta of 1.81. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.90 and a current ratio of 3.05.

Packaging Corp Of America (NYSE:PKG) last released its quarterly earnings results on Tuesday, January 29th. The industrial products company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.02. Packaging Corp Of America had a net margin of 10.52% and a return on equity of 30.83%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Sell-side analysts predict that Packaging Corp Of America will post 8.39 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.79 per share. The ex-dividend date is Thursday, March 14th. This represents a $3.16 annualized dividend and a yield of 3.11%. Packaging Corp Of America’s dividend payout ratio (DPR) is presently 39.35%.

PKG has been the topic of a number of analyst reports. Citigroup dropped their price objective on shares of Packaging Corp Of America from $98.00 to $88.00 and set a “neutral” rating on the stock in a research note on Monday, January 7th. ValuEngine raised shares of Packaging Corp Of America from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Wells Fargo & Co cut shares of Packaging Corp Of America from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $110.00 to $93.00 in a research note on Wednesday, January 9th. Zacks Investment Research raised shares of Packaging Corp Of America from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research note on Monday, December 31st. Finally, Bank of America reissued a “buy” rating and issued a $112.00 price target (up previously from $105.00) on shares of Packaging Corp Of America in a research note on Friday, April 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $102.22.

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About Packaging Corp Of America

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States. The company's Packaging segment offers various 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.

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Institutional Ownership by Quarter for Packaging Corp Of America (NYSE:PKG)

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