Wipfli Financial Advisors LLC Acquires Shares of 862 Packaging Co. of America (NYSE:PKG)

Wipfli Financial Advisors LLC purchased a new position in Packaging Co. of America (NYSE:PKG – Get Rating) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 862 shares of the industrial products company’s stock, valued at approximately $98,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clear Street Markets LLC boosted its position in shares of Packaging Co. of America by 397.4% in the 2nd quarter. Clear Street Markets LLC now owns 194 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 155 shares during the last quarter. Bogart Wealth LLC boosted its position in shares of Packaging Co. of America by 455.6% in the 2nd quarter. Bogart Wealth LLC now owns 200 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 164 shares during the last quarter. Private Trust Co. NA bought a new position in shares of Packaging Co. of America in the 2nd quarter worth $28,000. Newfound Research LLC bought a new position in shares of Packaging Co. of America in the 3rd quarter worth $35,000. Finally, Eagle Bay Advisors LLC bought a new position in shares of Packaging Co. of America in the 2nd quarter worth $52,000. 90.39% of the stock is currently owned by institutional investors.

Packaging Co. of America Stock Performance

PKG opened at $133.58 on Thursday. The business’s 50-day moving average price is $130.61 and its two-hundred day moving average price is $130.75. Packaging Co. of America has a 1 year low of $110.56 and a 1 year high of $168.50. The company has a market capitalization of $12.36 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 2.91 and a beta of 0.86. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.02 and a quick ratio of 1.99.

Packaging Co. of America (NYSE:PKG – Get Rating) last released its quarterly earnings results on Monday, October 24th. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.83. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.20 billion. Packaging Co. of America had a return on equity of 28.32% and a net margin of 12.09%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $2.69 EPS. Equities analysts expect that Packaging Co. of America will post 11.02 EPS for the current fiscal year.

Packaging Co. of America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Monday, December 19th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Friday, December 16th. Packaging Co. of America’s dividend payout ratio is currently 45.54%.

Analyst Ratings Changes

PKG has been the topic of several recent research reports. Wells Fargo & Company raised their price target on Packaging Co. of America from $124.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday. Jefferies Financial Group lowered Packaging Co. of America from a “hold” rating to an “underperform” rating and reduced their target price for the stock from $130.00 to $112.00 in a report on Friday, September 16th. Citigroup lifted their target price on Packaging Co. of America from $123.00 to $130.00 in a report on Wednesday, January 4th. Deutsche Bank Aktiengesellschaft reduced their target price on Packaging Co. of America from $104.00 to $99.00 in a report on Thursday, October 27th. Finally, Bank of America lowered Packaging Co. of America from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $146.00 to $139.00 in a report on Thursday, December 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Packaging Co. of America has an average rating of “Hold” and a consensus target price of $135.22.

Packaging Co. of America Company Profile

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Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. 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.