AMP Capital Investors Ltd Has $8.95 Million Holdings in Packaging Co. of America (NYSE:PKG)

AMP Capital Investors Ltd boosted its holdings in shares of Packaging Co. of America (NYSE:PKG) by 23.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,196 shares of the industrial products company’s stock after purchasing an additional 14,111 shares during the period. AMP Capital Investors Ltd owned about 0.08% of Packaging Co. of America worth $8,945,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PKG. Victory Capital Management Inc. raised its stake in shares of Packaging Co. of America by 7,416.1% in the fourth quarter. Victory Capital Management Inc. now owns 1,383,784 shares of the industrial products company’s stock valued at $166,815,000 after acquiring an additional 1,365,373 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Packaging Co. of America by 46.2% in the third quarter. Janus Henderson Group PLC now owns 873,664 shares of the industrial products company’s stock valued at $100,192,000 after acquiring an additional 275,933 shares during the last quarter. APG Asset Management N.V. raised its stake in shares of Packaging Co. of America by 28.1% in the fourth quarter. APG Asset Management N.V. now owns 1,248,128 shares of the industrial products company’s stock valued at $125,301,000 after acquiring an additional 273,900 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Packaging Co. of America by 144.2% in the third quarter. Legal & General Group Plc now owns 463,659 shares of the industrial products company’s stock valued at $53,172,000 after acquiring an additional 273,755 shares during the last quarter. Finally, MD Sass Investors Services Inc. bought a new position in shares of Packaging Co. of America in the fourth quarter valued at approximately $27,191,000. Hedge funds and other institutional investors own 88.84% of the company’s stock.

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PKG stock traded down $3.02 during trading on Friday, hitting $110.14. The company had a trading volume of 594,348 shares, compared to its average volume of 815,705. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.30 and a quick ratio of 1.38. Packaging Co. of America has a 12 month low of $89.73 and a 12 month high of $131.13. The stock has a market capitalization of $10,676.63, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.78 and a beta of 1.82.

Packaging Co. of America (NYSE:PKG) last posted its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.05. Packaging Co. of America had a net margin of 10.37% and a return on equity of 28.85%. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the company posted $1.23 EPS. Packaging Co. of America’s revenue was up 14.1% on a year-over-year basis. equities analysts expect that Packaging Co. of America will post 7.62 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 15th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.29%. The ex-dividend date is Wednesday, March 14th. Packaging Co. of America’s dividend payout ratio (DPR) is presently 41.86%.

A number of research firms have recently issued reports on PKG. DA Davidson upgraded shares of Packaging Co. of America from a “neutral” rating to a “buy” rating in a research note on Monday, February 12th. Wells Fargo lifted their target price on shares of Packaging Co. of America from $130.00 to $150.00 and gave the company a “market perform” rating in a research note on Thursday, February 1st. Barclays lifted their target price on shares of Packaging Co. of America from $110.00 to $120.00 and gave the company an “equal weight” rating in a research note on Monday, February 12th. Bank of America lifted their target price on shares of Packaging Co. of America from $134.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, Zacks Investment Research upgraded shares of Packaging Co. of America from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $128.92.

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About Packaging Co. 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.

Institutional Ownership by Quarter for Packaging Co. of America (NYSE:PKG)

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