Reilly Herbert Faulkner III Takes Position in Packaging Co. of America (NYSE:PKG)

Reilly Herbert Faulkner III bought a new stake in Packaging Co. of America (NYSE:PKG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 40,780 shares of the industrial products company’s stock, valued at approximately $4,916,000. Packaging Co. of America makes up approximately 2.7% of Reilly Herbert Faulkner III’s holdings, making the stock its 22nd largest holding.

A number of other institutional investors have also recently modified their holdings of the stock. LPL Financial LLC increased its position in Packaging Co. of America by 11.2% in the 4th quarter. LPL Financial LLC now owns 5,788 shares of the industrial products company’s stock valued at $698,000 after buying an additional 583 shares in the last quarter. Millennium Management LLC increased its position in Packaging Co. of America by 416.9% in the 4th quarter. Millennium Management LLC now owns 630,773 shares of the industrial products company’s stock valued at $76,040,000 after buying an additional 508,733 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in Packaging Co. of America by 9.6% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 17,739 shares of the industrial products company’s stock valued at $2,138,000 after buying an additional 1,560 shares in the last quarter. GHP Investment Advisors Inc. increased its position in Packaging Co. of America by 1.8% in the 4th quarter. GHP Investment Advisors Inc. now owns 38,936 shares of the industrial products company’s stock valued at $4,694,000 after buying an additional 677 shares in the last quarter. Finally, Raymond James & Associates increased its position in Packaging Co. of America by 1.3% in the 4th quarter. Raymond James & Associates now owns 79,370 shares of the industrial products company’s stock valued at $9,568,000 after buying an additional 989 shares in the last quarter. 88.84% of the stock is owned by institutional investors and hedge funds.

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A number of brokerages recently commented on PKG. KeyCorp reaffirmed a “hold” rating on shares of Packaging Co. of America in a research report on Friday, February 2nd. Zacks Investment Research raised Packaging Co. of America from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. DA Davidson boosted their target price on Packaging Co. of America to $135.00 and gave the company a “positive” rating in a research report on Thursday, February 1st. BMO Capital Markets reaffirmed a “buy” rating and issued a $130.00 target price on shares of Packaging Co. of America in a research report on Thursday, January 25th. Finally, Stephens set a $136.00 price objective on Packaging Co. of America and gave the stock a “buy” rating in a report on Wednesday, January 10th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $128.92.

Shares of PKG opened at $110.14 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.30 and a quick ratio of 1.38. The company has a market cap of $10,597.37, a price-to-earnings ratio of 18.30, a P/E/G ratio of 1.79 and a beta of 1.82. Packaging Co. of America has a 52 week low of $89.73 and a 52 week high of $131.13.

Packaging Co. of America (NYSE:PKG) last announced its earnings results on Tuesday, January 30th. The industrial products company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.05. Packaging Co. of America had a return on equity of 28.85% and a net margin of 10.37%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the business earned $1.23 EPS. The company’s revenue was up 14.1% compared to the same quarter last year. analysts expect that Packaging Co. of America will post 7.54 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 15th will be paid a $0.63 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.29%. Packaging Co. of America’s payout ratio is presently 41.86%.

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Packaging Co. of America Profile

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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