Nisa Investment Advisors LLC Has $2.41 Million Position in Packaging Co. of America (NYSE:PKG)

Nisa Investment Advisors LLC grew its holdings in Packaging Co. of America (NYSE:PKG) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,787 shares of the industrial products company’s stock after purchasing an additional 900 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Packaging Co. of America were worth $2,409,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Packaging Co. of America in the third quarter valued at about $25,000. Clear Street Markets LLC grew its position in shares of Packaging Co. of America by 94.6% in the first quarter. Clear Street Markets LLC now owns 181 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 88 shares during the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of Packaging Co. of America in the fourth quarter valued at about $28,000. Anchor Investment Management LLC acquired a new stake in Packaging Co. of America during the fourth quarter worth about $37,000. Finally, Money Concepts Capital Corp grew its position in Packaging Co. of America by 60.0% during the fourth quarter. Money Concepts Capital Corp now owns 264 shares of the industrial products company’s stock worth $34,000 after buying an additional 99 shares in the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

Packaging Co. of America Stock Down 2.2 %

NYSE PKG opened at $182.20 on Friday. The company has a current ratio of 2.57, a quick ratio of 1.77 and a debt-to-equity ratio of 0.62. The stock’s 50 day moving average is $179.81 and its two-hundred day moving average is $166.67. The company has a market capitalization of $16.35 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 4.38 and a beta of 0.78. Packaging Co. of America has a 1-year low of $122.20 and a 1-year high of $191.27.

Packaging Co. of America (NYSE:PKG) last released its quarterly earnings data on Thursday, January 25th. The industrial products company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.30. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.90 billion. Packaging Co. of America had a return on equity of 20.25% and a net margin of 9.81%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.35 earnings per share. Equities analysts forecast that Packaging Co. of America will post 8.31 earnings per share for the current fiscal year.

Packaging Co. of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 15th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Thursday, March 14th. Packaging Co. of America’s dividend payout ratio (DPR) is currently 58.96%.

Insider Activity

In other news, CFO Robert P. Mundy sold 10,000 shares of Packaging Co. of America stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $182.51, for a total value of $1,825,100.00. Following the completion of the transaction, the chief financial officer now owns 46,454 shares in the company, valued at $8,478,319.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Thomas A. Hassfurther sold 13,850 shares of Packaging Co. of America stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $181.06, for a total value of $2,507,681.00. Following the completion of the transaction, the vice president now owns 187,647 shares in the company, valued at $33,975,365.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert P. Mundy sold 10,000 shares of Packaging Co. of America stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $182.51, for a total transaction of $1,825,100.00. Following the completion of the transaction, the chief financial officer now owns 46,454 shares of the company’s stock, valued at approximately $8,478,319.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,041 shares of company stock worth $6,799,177. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PKG shares. Seaport Res Ptn downgraded Packaging Co. of America from a “buy” rating to a “neutral” rating in a research report on Monday, January 29th. Citigroup lifted their target price on Packaging Co. of America from $172.00 to $183.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. BNP Paribas downgraded Packaging Co. of America from an “outperform” rating to a “neutral” rating and set a $182.00 target price on the stock. in a research report on Friday. StockNews.com raised Packaging Co. of America from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Bank of America raised Packaging Co. of America from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $172.00 to $202.00 in a research report on Monday, March 4th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Packaging Co. of America currently has a consensus rating of “Hold” and a consensus price target of $171.29.

About Packaging Co. of America

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